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Friday, March 29, 2024

Pakistan’s investments in Azerbaijan exceed $4M

According to the Azerbaijan Deputy Economy Minister Mr Maamadov, Pakistan’s investment in Azerbaijan economy is $4.2 million. Pakistan and Azerbaijan pay special attention to bilateral investment and the trade between these two countries is growing.

Mr Mammadoc said, “I would like to note that a special working group was established between the Ministry of Economy of Azerbaijan and the Ministry of Commerce of Pakistan on the development of bilateral investment cooperation. It is gratifying to note that in Azerbaijan, there are 267 companies with Pakistani capital that operate in such areas as trade, communications, and logistics and so on.”

With Pakistan, Azerbaijan’s trade turnover amounted to $5.82 million in 2018 from Jan-May which compared to last year same period is 38.6% more.

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