Azerbaijan offers investment in Pakistan's power sector

The government of Azerbaijan expressed its willingness to invest in Pakistan's power sector, particularly in Khyber-Pakhtunkhwa.

Describing the bilateral trade ties between the two countries as extremely weak, Azerbaijan’s ambassador to Pakistan Dashgin Shikarov said a comprehensive strategy had

been developed to enhance trade between the two countries. In this connection, Azerbaijan could make immediate investment in power projects of Khyber-Pakhtunkhwa.

Shikarov was addressing the business community at the Federation of Pakistan Chambers of Commerce and Industry when he made the announcement.

“During a visit to Azerbaijan, Senator Ghulam Ali requested our government to help Pakistan, especially Khyber-Pakhtunkhwa, overcome the power crisis. As a result, our government has approved an investment plan for the province,” he said.

He added that if the provincial government identified a site for that purpose they could immediately start work on it.

FPCCI Vice-President Zubair Ali pointed to the low volume of trade between Pakistan and Azerbaijan, which was not more than a few thousand dollars and suggested that this should be increased to a considerable level.

“We need to exchange trade delegations to increase the trade volume, which will benefit both the countries and its people,” he said.

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