ISLAMABAD: Pakistan’s Prime Minister Shehbaz Sharif on Tuesday formed a committee for the early realisation of the Memorandums of Understanding (MoUs) and agreements signed with Azerbaijan during his recent visit to the Central Asian state.
The prime minister while chairing a meeting to review the implementation of the accords directed the relevant authorities to present an action plan to take the Pakistan-Azerbaijan current trade volume to $2 billion.
According to a PM Office press release, Deputy Prime Minister and Foreign Minister Senator Mohammad Ishaq Dar will head the newly-formed committee that will prepare agreements in the energy and infrastructure sectors.
The Prime Minister also ordered that all preparations be completed on a priority basis in anticipation of the expected visit of Azerbaijani President Ilham Aliyev to Pakistan next month.
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He further directed the appointment of trade officers in Azerbaijan and other countries with strong trade potential for Pakistan.
Emphasising the long-standing brotherly ties between Pakistan and Azerbaijan, Prime Minister Shehbaz stated that the government was taking key steps to fully leverage the significant trade and investment opportunities between Pakistan and the Central Asian states.
The participants of the meeting were told that 83 Pakistani and 101 Azerbaijani companies participated in the joint business forum held in Baku during the Prime Minister’s visit. During the visit, 13 MoUs and agreements were signed between Pakistan and Azerbaijan to promote bilateral cooperation.
Pakistan and Azerbaijan have maintained close diplomatic and economic relations, with both countries seeking to enhance cooperation across multiple sectors.
In July last year, Azerbaijan President Ilham Aliyev paid a two-day official to Pakistan during which the two countries agreed to enhance the bilateral investment level of up to $2 billion in areas of mutually beneficial projects.
