ISLAMABAD, July 12, 2024 (BSS/XINHUA) - Pakistan and Azerbaijan have agreed to take economic relations to new heights, enhancing the bilateral investment level of up to 2 billion U.S. dollars in areas of mutually beneficial projects.

In a joint press stakeout along with Azerbaijani President Ilham Aliyev, Pakistani Prime Minister Shehbaz Sharif said on Thursday that both countries are ready to ink agreements worth 2 billion U.S. dollars to start with as there is great potential to multiply this figure in years to come.

The Azerbaijani president said that for an initial investment of 2 billion U.S. dollars, several projects in the areas of energy, connectivity, infrastructure and defense industry were reviewed, adding that Pakistan and Azerbaijan will build strong partnership not only on a political level but also on economic and trade investment level.