At trilateral summit, Pakistan, Turkiye and Azerbaijan pledge to work for ‘strategic partnership’

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Pakistan Prime Minister Shehbaz Sharif (center) shakes hand with Turkish President Recep Tayyip Erdogan (right) as Azerbaijan’s President Ilham Aliyev looks on at the Independence Day of Azerbaijan in Lachin on May 28, 2025. (Government of Pakistan)
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Prime Minister Shehbaz Sharif addresses Pakistan -Turkiye- Azerbaijan Trilateral meeting, in Lachin, on May 28, 2025. (PMO)
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Updated 29 May 2025
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At trilateral summit, Pakistan, Turkiye and Azerbaijan pledge to work for ‘strategic partnership’

  • Pakistani PM is on regional diplomacy tour to Iran, Turkiye, Azerbaijan and Tajikistan 
  • Turkiye and Azerbaijan openly pledged support for Pakistan during latest India conflict 

ISLAMABAD: The leaders of Pakistan, Turkiye and Azerbaijan met on Wednesday at a trilateral summit in Lachin and pledged to work together for the goal of economic development and regional prosperity and to turn their brotherhood into a “strategic partnership.”

Pakistan’s Prime Minister Shehbaz Sharif arrived in Azerbaijan on Tuesday on the third stopover of a five-day regional diplomacy tour that also saw him visit Iran and Turkiye. Turkiye is a longtime ally of Pakistan, while Baku and Islamabad have moved closer in recent years with a flurry of visits and bilateral agreements.

Turkish President Recep Tayyip Erdogan and Azerbaijan’s President Ilham Aliyev had openly pledged support for Pakistan during its latest military confrontation with archrival India earlier this month.

“I am confident that our time-tested relationship would not only be beneficial for the wellbeing of our own people but also contribute to peace and prosperity in the region and beyond,” Sharif said during his address at the summit. 

“This trilateral format is both very timely and of great importance and … gives us the necessary political ownership and the impetus to move forward collectively and in unison in all spheres of our common interest.”

Addressing the summit, the president of Azerbaijan said the three leaders had come together for the “strategic development” of their countries and to work on “shared goals.”

“Political, valid economic, energy, mutual investment, transportation, defense, agriculture, information, technology, and other spheres are the ones where there are ample opportunities to advance cooperation through joint projects,” Aliyev said, adding that Azerbaijan had invested over $20 billion in the Turkish economy and was prepared to invest $2 billion into Pakistan’s.

He also said Azerbaijan envisaged closer cooperation with Pakistan’s defense industry. 

“We do believe there is great potential and it’s of great importance. Joint military exercises and projects in the defense industry amplify the potential of our armed forces or defense cooperation ensures peace and stability across a vast geography,” Aliyev said. 

There have been widespread reports in recent weeks that Azerbaijan may have dramatically increased its procurement from Pakistan of JF-17 “Thunder” light multirole fighter aircraft from an initial 16 units to a staggering 40, in a deal reportedly valued at $4.2 billion. 

The aircraft in question are said to be the latest and most advanced iteration of the JF-17 family— Block III— a 4.5-generation fighter co-developed by Pakistan and China and hailed as one of the most cost-effective combat aircraft in the current global market.

“STRATEGIC PARTNERSHIP”

Speaking at the summit, Erdogan said the three countries had a combined population of approximately 350 million and an economic size of $1.5 trillion. 

“I would like to particularly emphasize that we stand behind each and every step toward transforming our relations into a strategic partnership,” he said. 

“Our foreign ministers will carry out the required work to institutionalize our trilateral cooperation, and they will prepare a strong framework that reflects the common vision of our countries, particularly in the fields that shape our common agenda such as trade, investments, transportation, energy, defense, industry, and the fight against terrorism.”

He said Turkiye, Azerbaijan and Pakistan would institutionalize their cooperation by holding regular trilateral summits and ministerial meetings.

“We will deepen our cooperation in the field of defense and maintain our common commitment to fight against terrorism and against transnational threats,” the Turkish president said. 

“We will aim to take joint steps in the fields of trade facilitation, investment promotion and digital transformation. In the field of transportation, which constitutes a quite strategic dimension of our cooperation, we will jointly contribute to projects such as the development of roads, the Middle Corridor and the North South Transport Corridor.”

The Middle Corridor, also known as the Trans-Caspian International Transport Route, is a major trade route connecting China to Europe. It passes through several countries, including Türkiye, Georgia, Azerbaijan, and Kazakhstan, offering an alternative to the Northern Corridor and the Suez Canal. Türkiye plays a significant role in the Middle Corridor, particularly at the European end, and has invested in infrastructure to improve its connectivity to Central Asia and Europe.

The International North–South Transport Corridor (INSTC) is a 7,200-kilometer multi-modal transportation network that connects India, Iran, Azerbaijan, and Russia, with routes also extending to Central Asia and Europe. It utilizes ship, rail, and road routes to facilitate the movement of freight between these countries.


JazzCash signs deal with Binance in UAE to explore regulated crypto adoption in Pakistan

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JazzCash signs deal with Binance in UAE to explore regulated crypto adoption in Pakistan

  • MoU focuses on awareness and development of compliant virtual-asset solutions in Pakistan
  • Pakistan introducing licensing regime for crypto firms as it formalizes digital-asset oversight

ISLAMABAD: Pakistani financial-technology platform JazzCash has signed a memorandum of understanding with global cryptocurrency exchange Binance in the United Arab Emirates to explore cooperation on virtual-asset use and education in Pakistan, the company said on Wednesday.

The agreement sets a framework for discussions on awareness campaigns and future digital-asset products that would comply with Pakistan’s emerging crypto regulations. The move signals growing engagement between global blockchain companies and Pakistani fintechs as authorities shift toward formal licensing of the sector.

Pakistan has spent the past year drafting rules to regulate the fast-expanding market for digital coins and tokens, requiring virtual-asset service providers to obtain government approval. Officials say the transition is aimed at curbing money-laundering and terror financing risks, boosting transparency and encouraging responsible innovation.

“JazzCash has always championed technologies that expand financial access while promoting secure and inclusive participation in the digital economy," JazzCash Chief Executive Officer Murtaza Ali said. 

“By entering into this exploratory MoU with Binance, we are advancing our efforts to understand how global digital-asset trends can support Pakistan’s evolving regulatory landscape. We aim to engage responsibly, support regulatory progress, and advance opportunities that build trust, transparency and innovation for our customers.”

The MoU does not establish a commercial partnership, but marks one of the most high-profile engagements between Pakistan’s fintech sector and a global crypto exchange as the country moves toward regulated digital-asset adoption.

Binance welcomed the cooperation, framing it as part of Pakistan’s shift toward regulated digital-asset activity.

"With regulatory frameworks like [Pakistan Virtual Assets Regulatory Authority] PVARA paving the way, this collaboration represents a significant step toward expanding financial inclusion and empowering more people to access the benefits of blockchain technology in a secure and compliant environment," Binance Chief Marketing Officer Rachel Conlan said.

Earlier this month, Binance executives met Pakistani finance officials to discuss digital-payments reform, blockchain-skills training and the potential for Web3-linked jobs. Pakistan also set up the Pakistan Crypto Council and formed PVARA this year to license and supervise crypto-asset service providers.