According to Azerbaijan Ambassador Khazar Farhadov, the State Oil Company of Azerbaijan (SOCAR) plans to invest $1 billion in Pakistan’s energy sector.
He stated during his Monday visit to the Islamabad Chamber of Commerce and Industry (ICCI) that many other Azerbaijani companies were also interested in developing joint ventures with Pakistani counterparts and investing in the South Asian country. “We see Pakistan as a viable market for trade and investment,” the diplomat said. “The governments of Azerbaijan and Pakistan have expressed a desire to strengthen economic ties, and both countries should focus on creating direct connectivity between the private and public sectors in order to expand trade.”
