This landmark agreement was reached after the signing of 15 memorandums of understanding (MoUs) and agreements covering various sectors, including trade, tourism, minerals, science and technology, law and justice, and cultural exchange programs.
The signing of these agreements is a significant milestone in the relations between Pakistan and Azerbaijan, and is expected to further promote cooperation and mutual brotherhood between the two countries. The agreements are linked to the Prime Minister’s visit to Azerbaijan in November this year, and were facilitated by the Special Investment Facilitation Council (SIFC), which provided a joint platform for the completion of these agreements.
Both countries have shown a keen interest in investing in the petroleum and energy sectors as part of their bilateral trade. This is expected to not only boost economic development but also strengthen energy security in the region. The agreements are also expected to promote cooperation in the fields of science and technology, law and justice, and cultural exchange programs, which will further solidify the ties between the two nations.
The signing of these agreements is a significant achievement for Pakistan, and is expected to be a major boost to its economic development. The increase in bilateral trade and investment will not only create new opportunities for businesses and industries but also generate employment and stimulate economic growth. The agreements are also expected to promote people-to-people contacts and cultural exchange programs, which will further strengthen the bonds of friendship and cooperation between Pakistan and Azerbaijan.
Overall, the signing of these agreements is a major milestone in the relations between Pakistan and Azerbaijan, and is expected to have a significant impact on the economic development of both countries.
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