Islamabad: Pakistan and Azerbaijan have committed to enhance their investment collaboration, setting an ambitious target of USD 2 billion for mutual projects. This decision was announced following a series of agreements and memorandums of understanding signed between the two countries, which aim to significantly expand their economic partnership.

According to Zameen.Com, during a joint press briefing with Azerbaijan President Ilham Aliyev, Prime Minister Muhammad Shehbaz Sharif detailed the investment goals and the scope of upcoming projects. "We have set an initial target of USD 2 billion for investments in mutually beneficial projects," Prime Minister Sharif stated, noting the potential for further growth during his scheduled visit to Azerbaijan in November.

The leaders also discussed enhancing bilateral trade and exploring new avenues for cooperation. Prime Minister Sharif expressed his satisfaction with the outcomes of their discussions, emphasizing the shared commitment to advancing trade and investment ties. He also reflected on the historical solidarity between the two nations, highlighting Azerbaijan’s support for Kashmiri self-determination and Pakistan’s consistent backing for Azerbaijan, underscoring the symbolic significance of President Aliyev’s visit.