ISLAMABAD: Pakistan’s national flag carrier on Sunday announced it will begin direct flights to Baku, the capital of Azerbaijan, from April 20, as the two countries move to deepen strategic cooperation across trade, energy, defense and regional connectivity.
Pakistan and Azerbaijan have been stepping up bilateral collaboration, with Islamabad offering Baku and other Central Asian states access to its Gwadar and Karachi ports.
In return, Azerbaijan committed to a $2 billion investment in Pakistan’s mining, energy and infrastructure sectors during Prime Minister Shehbaz Sharif’s visit to Baku in February.
Pakistan International Airlines (PIA) announced the new service at a special ceremony in Karachi held in honor of travel agents and tour operators, who were briefed on the new route.
“PIA will operate two weekly flights from Lahore,” the airline said in a statement after the gathering, adding that “flights to Baku will depart on Sundays and Wednesdays.”
PIA said the direct connection to Azerbaijan would help boost two-way tourism and commercial ties, adding it was committed to ensuring the viability of the Baku route and strengthening its presence in the Central Asian market.
The Pakistani national airline, which has long struggled financially, surprised observers earlier this month by posting an operational profit of $33.48 million and a net profit of $94.32 million in the last fiscal year.
This was the first time in 21 years the airline has made these profits.
The launch of the Baku route is expected to support the carrier’s business further as the government pushes ahead with plans to privatize it under a $7 billion International Monetary Fund (IMF) program aimed at reforming state-owned enterprises and stabilizing the economy.
Pakistan to launch direct flights to Azerbaijan on April 20 as bilateral ties grow
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Pakistan to launch direct flights to Azerbaijan on April 20 as bilateral ties grow
- The announcement comes after PIA reported operational and net profits for the first time in 21 years
- Pakistan and Azerbaijan have vowed to deepen strategic cooperation in trade, energy and defense
Pakistan terms climate change, demographic pressures as ‘pressing existential risks’
- Pakistan has suffered frequent climate change-induced disasters, including floods this year that killed over 1,000
- Pakistan finmin highlights stabilization measures at Doha Forum, discusses economic cooperation with Qatar
ISLAMABAD: Pakistan’s Finance Minister Muhammad Aurangzeb on Saturday described climate change and demographic pressures as “pressing existential risks” facing the country, calling for urgent climate financing.
The finance minister was speaking as a member of a high-level panel at the 23rd edition of the Doha Forum, which is being held from Dec. 6–7 in the Qatari capital. Aurangzeb was invited as a speaker on the discussion titled: ‘Global Trade Tensions: Economic Impact and Policy Responses in MENA.’
“He reaffirmed that while Pakistan remained vigilant in the face of geopolitical uncertainty, the more pressing existential risks were climate change and demographic pressures,” the Finance Division said.
Pakistan has suffered repeated climate disasters in recent years, most notably the 2022 super-floods that submerged one-third of the country, displaced millions and caused an estimated $30 billion in losses.
This year’s floods killed over 1,000 people and caused at least $2.9 billion in damages to agriculture and infrastructure. Scientists say Pakistan remains among the world’s most climate-vulnerable nations despite contributing less than 1 percent of global greenhouse-gas emissions.
Aurangzeb has previously said climate change and Pakistan’s fast-rising population are the only two factors that can hinder the South Asian country’s efforts to become a $3 trillion economy in the future.
The finance minister noted that this year’s floods in Pakistan had shaved at least 0.5 percent off GDP growth, calling for urgent climate financing and investment in resilient infrastructure.
When asked about Pakistan’s fiscal resilience and capability to absorb external shocks, Aurangzeb said Islamabad had rebuilt fiscal buffers. He pointed out that both the primary fiscal balance and current account had returned to surplus, supported significantly by strong remittance inflows of $18–20 billion annually from the Middle East and North Africa (MENA) and Gulf Cooperation Council (GCC) regions.
Separately, Aurangzeb met his Qatari counterpart Ali Bin Ahmed Al Kuwari to discuss bilateral cooperation.
“Both sides reaffirmed their commitment to strengthening economic ties, particularly by maximizing opportunities created through the newly concluded GCC–Pakistan Free Trade Agreement, expanding trade flows, and deepening energy cooperation, including long-term LNG collaboration,” the finance ministry said.
The two also discussed collaboration on digital infrastructure, skills development and regulatory reform. They agreed to establish structured mechanisms to continue joint work in trade diversification, technology, climate resilience, and investment facilitation, the finance ministry said.
