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Pakistan, Azerbaijan Sign $2b Deal at ECO Summit

  • On July 4, 2025, Prime Minister Muhammad Shehbaz Sharif and President Ilham Aliyev held talks in Khankendi, Azerbaijan, coinciding with the Economic Cooperation Organization’s seventeenth summit, where Pakistan and Azerbaijan finalized a $2 billion investment agreement.
  • This agreement followed earlier diplomatic visits and meetings, including Shehbaz's May visit to Lachin and ongoing efforts to strengthen bilateral trade and investment relations.
  • The leaders expressed satisfaction with investment progress and resolved to expand cooperation in trade, water resource management, and glacier conservation to strengthen economic ties.
  • PM Shehbaz described the deal as a 'historical milestone' and thanked President Aliyev for investing in Pakistan, adding that the partnership is expected to grow manifold in the future.
  • The agreement sets the stage for a detailed memorandum to be formalized during President Aliyev's planned visit to Pakistan and reflects stronger regional connectivity commitments from ECO members.
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asiaplustj.info broke the news in on Friday, July 4, 2025.
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