Islamabad, Feb 23: Prime Minister Shehbaz Sharif is set to embark on a crucial two-day visit to Azerbaijan on February 24, aiming to strengthen economic ties and explore new avenues for cooperation in energy and infrastructure development. The visit is expected to yield several high-level agreements, reflecting the growing partnership between the two nations.
A key highlight of the trip will be the signing of an agreement for the establishment of a trading company that will facilitate bilateral trade, making business transactions more streamlined and efficient. In the energy sector, Pakistan State Oil and the Azerbaijan State Oil Company are likely to formalize a strategic deal, further cementing collaboration in fuel trade and energy supply. Additionally, discussions are in place for a Memorandum of Understanding (MoU) regarding a gas pipeline project, which could significantly enhance Pakistan’s energy security by tapping into Azerbaijan’s resources.
Beyond energy, Azerbaijan has expressed keen interest in investing in Pakistan’s communication sector and infrastructure development, including motorway projects. The two countries will explore ways to expand trade, investment, and connectivity, reflecting Azerbaijan’s growing role as an economic partner for Pakistan. Given the strong diplomatic ties between both nations, these agreements are expected to boost economic activity and create new opportunities for businesses in both regions.
Following his visit to Azerbaijan, Shehbaz Sharif will head to Uzbekistan for a one-day trip, where trade and economic cooperation will be at the forefront of discussions. The visit is part of Pakistan’s broader strategy to strengthen ties with Central Asian nations and improve regional connectivity. As part of these efforts, Pakistan is likely to propose the use of Karachi Port for Uzbekistan’s transit trade, offering a crucial gateway for Uzbek goods to global markets.
The visits to Azerbaijan and Uzbekistan signal Pakistan’s commitment to fostering stronger economic partnerships with regional allies. By enhancing trade routes, securing energy deals, and inviting foreign investment, the government is aiming to create sustainable economic growth. With major agreements in the pipeline, these diplomatic engagements could play a pivotal role in shaping Pakistan’s future trade and investment landscape.
