ISLAMABAD: Pakistan and Azerbaijan have moved closer to unlocking $2 billion in Azerbaijani investment as Deputy Prime Minister and Foreign Minister Ishaq Dar held talks on Friday with Azerbaijan’s Minister of Economy, Mikayil Jabbarov, to fast-track a framework for financing key sectors of Pakistan’s economy.
According to Pakistan’s Foreign Office, the two sides agreed during a telephone conversation to finalize a mechanism that would enable Azerbaijani capital to flow into identified priority areas. The proposed investment is being viewed as a significant boost for Pakistan’s efforts to attract foreign inflows to support economic stability and growth.
Both leaders expressed satisfaction with the current state of bilateral relations and reaffirmed their commitment to further strengthen cooperation through sustained high-level engagements. Dar emphasized that continued political and diplomatic interaction was essential to deepening Pakistan-Azerbaijan collaboration in areas of mutual interest.
Although specific sectors were not disclosed, Pakistan has been actively seeking investment in energy, mining, infrastructure, transport and industrial development. Azerbaijan, a major energy producer and an emerging regional investor, has shown increasing interest in expanding its economic presence in South Asia.
The exchange underscores Islamabad’s broader strategy of translating strong diplomatic relations with friendly countries into tangible economic outcomes.
Story by Israr Khan
