Pakistan and Azerbaijan business support organizations discussed expanding cooperation

On September 30, a meeting was held at the Azerbaijan Entrepreneurs Confederation with Khurram Bhatti, President of the Azerbaijan-Pakistan Chamber of Economic Cooperation and Head of the Azerbaijani Office of Grand Thoronton. President of the Azerbaijan Entrepreneurs Confederation Mammad Musayev underscored that he was pleased to meet with the delegation of the brotherly country, business opportunities, work submitted to achieve sustainable economic development, favorable conditions created for attracting foreign investment to the republic, and also briefed the guests on the structure and membership of the Azerbaijan Entrepreneurs Confederation.

In his speech, Khurram Bhatti noted that the Presidents of Pakistan and Azerbaijan attached special attention to future cooperation. The trade turnover between Azerbaijan and Pakistan in 2020 is $ 13.3 million, and this figure does not correspond to the current level of close cooperation between our countries.

According to Bhatti, given Azerbaijan’s geographical location and economic potential, Pakistan can play the role of a regional hub for access to neighboring countries. According to his speech, in cooperation with large enterprises, work has already begun to export agricultural products from Azerbaijan to Pakistan, as well as to establish joint ventures in Azerbaijan in the field of light industry and pharmaceuticals. The head of the chamber said that one business delegation from Azerbaijan to Pakistan and two from Pakistan to Azerbaijan are planned to visit Azerbaijan by the end of 2021.

The parties agreed to sign a memorandum of cooperation.