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Islamabad: Pakistan and Azerbaijan are negotiating to enhance investment up to two billion dollars in mutually beneficial projects under the banner of Special Investment Facilitation Council (SIFC).
According to Radio Pakistan, both countries are expected to sign agreements for investments in energy, infrastructure, and privatization. Pakistan and Azerbaijan are also holding talks to boost trade and connectivity to Central Asian states, as Azerbaijan is keen to invest in Pakistan’s motorway and other infrastructure projects.
The two countries are engaged in discussions on common energy, renewable energy, and energy-saving projects. Azerbaijan has shown interest in Pakistan’s privatization program, while the Islamabad government has also committed to facilitating this interest.
The surge in economic relations between Pakistan and Azerbaijan, with the cooperation of the Special Investment Facilitation Council, is seen as a positive development.