At the end of January 2017 Azerbaijan’s export mission is to visit Pakistan. This was stated by the Minister of Economy of Azerbaijan Shahin Mustafayev at the opening of the Azerbaijani-Pakistani business forum in Baku on December 5.
He expressed hope that this meeting will contribute to the expansion of the bilateral ties. “We are ready to create all conditions for Pakistan's companies,” Mustafayev said.
In turn, Pakistan's Commerce Minister Khurram Dastgir Khan said that the trade turnover between the two countries is much below potential.
“We can set up joint ventures in the textile, pharmaceutical and agricultural sectors,” Khan said. -05D06--
Economics
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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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