Prime minister Shehbaz Sharif will explore key agreements to boost trade, energy, and investment partnerships with Azerbaijan and Uzbekistan in february 2025.
In february 2025, prime minister Shehbaz Sharif plans to visit Azerbaijan and Uzbekistan to strengthen economic ties. This visit aims to build upon previous agreements and explore new avenues for collaboration.
Strengthening economic partnerships
During a meeting in July 2024, Pakistan and Azerbaijan agreed to enhance bilateral investment up to $2 billion. They signed 15 Memorandums of Understanding (MoUs) covering trade, commerce, tourism, and technology. Key agreements included a Preferential Trade Agreement and cooperation in mineral resources and information technology.
Prime Minister Sharif expressed optimism about formalizing these investments during his upcoming visit. He emphasized the potential to multiply this figure in the coming years, reflecting the strong brotherhood and friendship between the two nations.
Expanding horizons with Uzbekistan
While specific details about agreements with Uzbekistan remain under discussion, both countries have shown interest in enhancing economic cooperation. Potential areas of collaboration include energy, infrastructure, and trade. The visit aims to explore these opportunities and establish frameworks for mutual benefit.
Strategic importance
Strengthening ties with Azerbaijan and Uzbekistan aligns with Pakistan’s broader strategy to enhance regional connectivity and economic integration. Collaborations in energy and infrastructure can provide Pakistan with access to new markets and resources, fostering economic growth and stability.
Conclusion
Prime Minister Shehbaz Sharif’s upcoming visit to Azerbaijan and Uzbekistan signifies a proactive approach to international relations and economic development. By building on existing agreements and exploring new partnerships, Pakistan aims to boost its economic landscape and strengthen regional ties.
