Pakistani businesspeople are interested in investing in Azerbaijan’s industrial zones, said Islamabad’s Ambassador to Baku Bilal Hayee on Saturday.
According to the ambassador, Pakistan considers Azerbaijan a “friendly and fraternal” country, stressing the need to further develop economic relations between Baku and Islamabad.
“Pakistani businessmen are interested in investing in industrial zones created in Azerbaijan,” the diplomat continued.
Four Pakistani enterprises are registered as residents in Azerbaijan’s industrial park, two of which have already begun operating.
Pakistani companies have invested a total of 36.6 million manats ($21.5 million) so far, creating an additional 120 jobs in Azerbaijan, with plans already in place to invest another 12 million manats ($7.05 million) in new projects at Azerbaijan’s industrial park.