Pakistan Likely to Sign Major Energy and Trade Agreements With Azerbaijan Next Week

Prime Minister Shahbaz Sharif is set to go on a two-day visit to Azerbaijan on February 24 to discuss and sign trade ties on energy cooperation and infrastructure investments. During the trip, Pakistan and Azerbaijan are expected to sign an agreement for the establishment of a trading company to facilitate bilateral trade. Additionally, a deal is likely to be inked between Pakistan State Oil and the Azerbaijan State Oil Company. Another key development could be the signing of a Memorandum of Understanding (MoU) for a gas pipeline project. Azerbaijan has also expressed interest in investing in Pakistan’s communication sector besides motorway projects. Discussions will take place to explore avenues for further expanding trade between the two countries. Following his visit to Azerbaijan, Prime Minister Shahbaz Sharif is scheduled to travel to Uzbekistan for a one-day visit.