Pakistan and Azerbaijan will expand bilateral ties through enhanced trade and economic relations.
As reported by the Pakistani media that quote the representative of the presidential administration Mamnun Hussein, he will arrive in Baku on March 11 on an official visit. This is the first but not a study tour, as the delegation includes not only high-ranking government officials, but also the 30 wealthiest entrepreneurs.
During the four-day visit Hussein will meet with the President of Azerbaijan Ilham Aliyev, the Speaker of the Milli Majlis Ogtay Asadov and the Minister of Economy and Industry Shahin Mustafayev. --17D-
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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