ISLAMABAD: Pakistan’s Prime Minister Shehbaz Sharif on Thursday directed the relevant authorities to devise a comprehensive framework to strengthen economic partnership with Azerbaijan, especially in investment and trade sectors.
Chairing a meeting in Islamabad regarding the promotion of trade and economic relations with Central Asian Republics especially Azerbaijan, he stressed that there is an enormous potential for investment and trade between Pakistan and Azerbaijan.
Underscoring the unique strategic location of Pakistan, he said that Pakistan offers a natural economic corridor to Central Asian states through Sea waters.
The Prime Minister went on to say Pakistan and Azerbaijan have longstanding fraternal relations spanning decades.
He further said that foreign investment is increasing in Pakistan due to the business and investment-friendly policies of the PML-N-led government.
The meeting was briefed that talks are underway to have a preferential trade agreement with Azerbaijan as there is a huge potential for energy cooperation with the Central Asian state.
The Prime Minister was also briefed about the steps taken to boost business and trade volume, and potential and investment opportunities between Azerbaijan and Pakistan.
