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Punjab, Azerbaijan agree to enhance economic cooperation

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Both sides agreed to propose cooperation frameworks in infrastructure, housing, agriculture, tourism, and energy sectors

LAHORE (Dunya News) - Punjab Chief Minister Maryam Nawaz held a detailed meeting with Azerbaijan’s Economy Minister Mikayil Jabbarov, during which both sides discussed strengthening bilateral economic cooperation, investment ties, and institutional partnerships between Punjab and Azerbaijan.

During the meeting, the two leaders reaffirmed the longstanding friendly relations between Pakistan and Azerbaijan and agreed to expand cooperation into structured economic partnerships, particularly in the sectors of trade, investment, urban development, agriculture, logistics, tourism, and infrastructure.

On the occasion, it was formally decided to establish a joint working group to facilitate economic cooperation and investment. CM Maryam Nawaz assigned Senior Minister Marriyum Aurangzeb to lead the joint working group.

According to the statement, the working group will include relevant government departments and technical experts from both countries to identify priority sectors for cooperation and joint ventures. The group will also help organize public-private partnership (PPP) opportunities and facilitate investor coordination and project development.

Both sides also agreed to propose cooperation frameworks in infrastructure, housing, agriculture, tourism, and energy sectors, while developing effective mechanisms for regulatory facilitation and ease of doing business.

The leaders further discussed the possibility of a preferential trade arrangement between Pakistan and Azerbaijan aimed at improving market access, reducing trade barriers, and increasing bilateral trade volume.

Chief Minister invited the Azerbaijani economy minister to visit Pakistan. It was agreed that close institutional coordination would be maintained through the newly established working group and follow-up activities would be accelerated to transform discussions into investment-ready projects.  

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