Islamabad, Nov 17: PBF Signs MoU with Azerbaijan’s Private Sector to Boost Regional Trade. Amna Munawwar Awan, Senior Vice President of the Pakistan Business Forum (PBF) and President of Matrix Global, signed a Memorandum of Understanding (MoU) with Babak Huseynli, Director for Central Asia and Azerbaijan, at Digital Diplomacy here on Sunday, marking a significant step to support regional trade and investment.
With the goal of strengthening economic diplomacy, the agreement will make it easier for Sunridge Foods Pvt Ltd to sell premium food items to Azerbaijan and the larger Central Asian market.
The MoU establishes the framework for an extensive commercial network between these nations and Pakistan. Huseynli’s company will establish a modern warehouse, a trade exhibition center, and an office in Azerbaijan as part of the agreement, which will act as a focal point for exhibiting Pakistani goods.
Simultaneously, the Islamabad office of Matrix Global will be essential to promoting regional connectivity and guaranteeing seamless economic activities. PBF SVP Amna Munawwar Awan emphasized the partnership’s transformative implications during the signing ceremony, emphasizing its potential to boost bilateral trade and draw significant investment into the area.
The partnership is expected to open up new economic prospects and deepen relations between Pakistan, Azerbaijan, and Central Asia, with an anticipated trade volume of over $10 million.”This Memorandum of Understanding is a significant step in our endeavors to broaden our trade horizons and improve our economic ties,” Amna stated, adding that by linking Pakistan with markets in Central Asia and Azerbaijan, we are creating the foundation for sustained prosperity and regional development.
Pakistan’s dedication to strengthening economic diplomacy and establishing itself as a major participant in regional trade and commerce is demonstrated by this agreement. Initiatives like this one are essential for strengthening cross-border economic relations and guaranteeing advantages for all stakeholders as the world economy grows more intertwined.
