Pakistani businessmen are interested in investing in Azerbaijan

Pakistani businessmen are interested in investing in Azerbaijan

Prof. Dr. Vusal Gasimli, the Executive Director of the Center for Analysis of Economic Reforms and Communication, received a delegation consisting of Sikander Zulgernain and Nauman Chugtai, members of the management team of Pakistan's MCB Bank, along with Ramal Jafarov, the Chairman of the Board of Directors of MCB BOKT CJSC.

During the meeting, V. Gasimli provided information about the 15 documents signed during the state visit of the President of the Republic of Azerbaijan to Pakistan in July of this year, covering areas such as transit and preferential trade, mineral resources and geology, information technologies and communications, science and technology, entrepreneurship, and other fields. He particularly emphasized the agreement reached on 9 articles related to the preferential trade format and the goal of increasing investments between Pakistan and Azerbaijan to $2 billion. Additionally, Gasimli highlighted Azerbaijan's favorable investment climate and the large-scale economic reforms aimed at attracting foreign investors, along with intelligent infrastructure projects in liberated areas, including the Karabakh and East Zangezur economic regions, as well as initiatives in renewable energy, tourism, ICT, and transit.

The representatives of MCB Bank expressed their interest in increasing trade turnover between the two countries, facilitating the flow of goods and services, and expanding business activities in fields such as logistics, agriculture, and renewable energy. They also affirmed their readiness to support the strengthening of economic cooperation between Azerbaijan and Pakistan in line with the goals set by the leaders of both countries.

The guests were also briefed on the services provided to exporters at the "One Stop Sgop" Export Support Center, which operates under CAERC.

Pakistani businessmen are interested in investing in Azerbaijan
Pakistani businessmen are interested in investing in Azerbaijan
Pakistani businessmen are interested in investing in Azerbaijan
Pakistani businessmen are interested in investing in Azerbaijan

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