ISLAMABAD: Azerbaijan Minister of the Economy Mikayil Jabbarov will visit Pakistan next week to finalize key investment agreements between the two countries, the Pakistan prime minister’s office said on Sunday.
The statement came after Pakistan PM Shehbaz Sharif’s telephonic conversation with Azerbaijan President Ilham Aliyev on the occasion of Eid Al-Fitr, in which he conveyed his greetings and warm wishes to the brotherly people of Azerbaijan.
The two leaders reaffirmed their resolve to further strengthen the deep-rooted fraternal ties between the two countries and build upon the Sharif’s visit to Baku last month, according to the Pakistan premier’s office.
“The two leaders agreed that the Minister of Economy of Azerbaijan would visit Islamabad in the first week of April to hold discussions with the Deputy Prime Minister/Foreign Minister and also pay a courtesy call on the Prime Minister,” Sharif’s office said.
“This visit would ensure finalization of the key investment agreements between both sides thus setting the stage for President Ilham Aliyev’s expected visit to Islamabad in the month of April.”
During his visit to Baku in Feb., Sharif had announced the two nations would sign deals in April to boost bilateral investments to $2 billion. Multiple agreements for cooperation in the trade, energy, tourism, education and other sectors were also signed during the visit.
The developments come as cash-strapped Pakistan navigates a tricky path to economic recovery under a $7 billion International Monetary Fund (IMF) program. The South Asian country has been making efforts to generate revenue through increased trade and investment deals with friendly nations and regional and international allies, focusing on export-led growth.
In September last year, Azerbaijan bought JF-17 Block III fighter jets from Pakistan, reportedly in a $1.6bn deal.
During President Aliyev’s visit to Pakistan last year, a joint committee was set up to materialize projects in trade, commerce, information technology, tourism, telecommunication, mineral resources and other sectors. Sharif said at the time the current trade volume of $100 million did not reflect the “true” trade potential between the two countries.
Azerbaijan economy minister to visit Pakistan next week to finalize key investment deals
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Azerbaijan economy minister to visit Pakistan next week to finalize key investment deals
- Cash-strapped Pakistan is currently navigating a tricky path to recovery under a $7 billion International Monetary Fund bailout program
- The South Asian country has been making efforts to generate revenue through increased trade and investment deals with friendly nations
Pakistan to introduce new navigation system to cut flight delays at Skardu, Gilgit and Chitral
- Pakistan Airports Authority says satellite-guided RNP-AR procedures will be in place by June 2026, pending a feasibility study
- The system is expected to reduce weather-related delays and cancelations in Pakistan’s most popular mountain destinations
KARACHI: Pakistan said on Sunday it would introduce a new satellite-guided navigation system for flights to Skardu, Gilgit and Chitral by June 2026, aiming to curb chronic weather-related delays and cancelations at the three remote northern airports.
The destinations are among Pakistan’s most visited tourist sites and serve as gateways to the Himalayan and Karakoram ranges. Gilgit-Baltistan, which borders China, also holds strategic significance as part of the northern corridor linking the two neighbors.
Marking International Civil Aviation Day, the Pakistan Airports Authority (PAA) said it was accelerating aviation-sector upgrades, including the rollout of Required Navigation Performance – Authorization Required (RNP-AR) procedures.
RNP-AR is a high-precision, satellite-based approach system that enables aircraft to fly accurate, terrain-avoiding paths in low visibility, reducing weather-related disruptions at mountain airports.
“Pakistan Airports Authority is rapidly working on major projects for safe, efficient and modern aviation in the country,” the PAA said.
It added that RNP-AR flight procedures for Skardu, Gilgit and Chitral “will be implemented by June 2026,” subject to the findings of a consultant’s feasibility study.
The authority said the system would “significantly reduce weather-related flight delays and cancelations.”
The PAA also announced timelines for several other major upgrades, including terminal expansion at Lahore’s Allama Iqbal International Airport by September 2026 and runway modernization at Karachi’s Jinnah International Airport by January 2026.
Further works include the next upgrade phase at Skardu Airport and phase two of Muridke General Aviation Aerodrome, both due to begin next year.
New greenfield airports in Dera Ismail Khan, Sukkur and Faisalabad have also entered planning stages, the statement said.
Final sites have been approved for a new air-traffic control tower and rescue fire station at Karachi Airport, infrastructure the PAA said would strengthen air-traffic management and safety.
“Pakistan Airports Authority is leading the aviation sector toward a safer and more accessible future,” it said.
