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Pakistan

Azerbaijan eyes multi-billion-dollar investment in Pakistan: Musadik Malik

  • Baku considering investment in mineral sector, including oil and gas, minister says
Published July 10, 2024

Minister for Petroleum Musadik Malik said on Wednesday that Azerbaijan was considering an investment of $2 to $3 billion in Pakistan.

Speaking to a private news channel, he said that Azerbaijan was particularly interested in the mineral sector, including oil and gas.

The minister said that Azerbaijan was focusing on the oil and gas exploration sector, noting their keen interest in expanding investments in the LNG sector as well.

The prime minister is eager to increase economic cooperation with friendly countries, Malik said and added, the government prioritizes investment over aid from friendly nations.

He further mentioned that Azerbaijani President Ilham Aliyev’s visit to Pakistan was very much expected to boost trade relations. Discussions will include increasing textile exports and promoting the IT sector between the two countries, he said.

Malik expressed optimism that these initiatives will significantly enhance economic ties between the two countries.

Comments

200 characters
Az_Iz Jul 10, 2024 09:03pm
After GCC countries, now it is Azerbaijan's turn to sign MOUs.
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M M Alam Jul 11, 2024 02:28am
But wants Parliament's guarantee on their investments. If you give them, you have to give to others too.
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Orbital Chimps Jul 11, 2024 03:57am
I wonder when local businesses are finding a way to flee from this country, how a foreign investor would invest here?
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Aam Aadmi Jul 11, 2024 07:02am
Laughable. Even if Azerbaijan has the capacity to invest 2-3 billion US$, it won't throw it into Pakistan. Stop fooling the people with your fantasies.
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