Pakistan, Azerbaijan agree to boost economic cooperation

Government of PakistanPakistan, Azerbaijan agree to boost economic cooperation

ISLAMABAD, Pakistan: Prime Minister Nawaz Sharif and the President of Azerbaijan Ilham Aliyev held a meeting in Islamabad on Tuesday on the sidelines of 13th Economic Cooperation Origination (ECO) Summit.

During the meeting, the prime minister warmly welcomed the Azerbaijan’s president to the 13th ECO Summit and thanked for the cordial hospitality extended to him during his last visit to Baku in October 2016.

Both the leaders reviewed the decision taken during the prime minister’s visit and expressed satisfaction at the progress of implementation of those decisions.

Prime Minister Nawaz Sharif and President of Azerbaijan Ilham Aliyev during one-on-one meeting held at PM House in Islamabad on February 28, 2017.
Prime Minister Nawaz Sharif and President of Azerbaijan Ilham Aliyev during one-on-one meeting held at PM House in Islamabad on February 28, 2017.

The two sides agreed to increase efforts to attain the optimum level of economic cooperation and agreed that the two countries should set the goal of concluding agreements of Preferential Tariff and Trade, investment, energy and other areas of economic cooperation.

The leaders underscored that Islamabad Declaration and ECO Vision 2025 are important documents and would offer a roadmap for the success of the organization and common prosperity of the entire region.

The two sides noted that the trade figures do not reflect the potential that exists between the two States in terms of economic cooperation and decided to create more opportunities for increase in trade and economic activities. They expressed the hope that economic relations between the two countries would grow in the near future.

The prime minister and the president agreed to mark the 25th anniversary of the establishment of diplomatic relations between the two countries, falling during 2017, as year of friendly exchanges.

The prime minister appreciated Azerbaijan’s continued support on the Jammu & Kashmir dispute and Azerbaijan’s invaluable role in the OIC Contact Group on Jammu & Kashmir. The prime minister reiterated Pakistan’s principle position on Azerbaijan’s stand on Nagorno’ Karabakh issue.

The Azerbaijan’s president expressed his pleasure on attending the ECO Summit and thanked the prime minister for the generous hospitality accorded to him and his delegation.

The president also thanked the prime minister for Pakistan’s continued support on the Nagorno’ Karabakh region.

President Ilham Aliyev expressed concern over the escalation of human rights violations in Indian Occupied Kashmir and reiterated Azerbaijan’s support for the exercise of the right to self-determination for people of Jammu & Kashmir.

The two sides signed the inter-governmental agreement between the government of the Republic of Azerbaijan and the government of the Islamic Republic of Pakistan on cooperation in the field of Energy.

The Azerbaijan’s Minister of Energy Natig Aliyev and Minister for Petroleum & Natural Resources Shahid Khaqan Abbassi signed the agreement.

Mati
Mati
Mati-Ullah is the Online Editor For DND. He is the real man to handle the team around the Country and get news from them and provide to you instantly.

Must read

Recent News

Panic in Power Corridors continues on the Second Day of the PTI Protest as...

0
Islamabad, Pakistan: The Media Blackout, the closure of roads with cargo containers, and the cutting of the capital city of Islamabad from the rest...
Pakistan may not be relevant for the Trump administration

Pakistan may not be relevant for the Trump administration

0
Monitoring Desk: “Pakistan may not be relevant for the Trump administration, which has more pressing concerns on its agenda. In the absence of significant...
Is it not a senseless, shameless and inhuman act of CM Gandapur to lead protest leaving 80 dead bodies in clashes of Kurram district?

A shameless act of Gandapur to lead a protest leaving 80 dead bodies in...

0
DND ReportPeshawar, Pakistan: Over 80 persons dead in one week in tribal cum sectarian conflicts in Kurram district but Chief Minister Amin Ali Gandapur...
PTI Protest November 24

PTI Protest November 24: All roads leading to Islamabad closed down

0
Islamabad, Pakistan: Administrative panic of the government can be judged by the fact that Motorways including M1, M2, M3, M4, M-11, and M14 have...
State Bank of Pakistan releases coin to commemorative 555th birth anniversary of Baba Guru Nanak

State Bank of Pakistan releases coin to commemorative 555th birth anniversary of Baba Guru...

0
Karachi, Pakistan: The State Bank of Pakistan has released coin worth Rs 55 to commemorate the 555th birth anniversary of Baba Guru Nanak.On the...
Advertisement