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 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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