Pakistan PM, Azerbaijan president vow to boost trade and investment on ECO summit sidelines

Pakistan Prime Minister Shehbaz Sharif meets Azerbaijan President Ilham Aliyev in Khankendi, Azerbaijan on July 4, 2025, on the sidelines of 17th ECO Summit. (Handout/PMO)
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Updated 04 July 2025
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Pakistan PM, Azerbaijan president vow to boost trade and investment on ECO summit sidelines

  • The summit brought together heads of government from ECO member states to discuss economic and political cooperation
  • Pakistan, bolstered by an IMF program, is looking to capitalize on its geostrategic location as a major trade and transit hub

ISLAMABAD: Pakistan Prime Minister Shehbaz Sharif on Friday met with Azerbaijan President Ilham Aliyev on the sidelines of the 17th Economic Cooperation Organization (ECO) summit, Sharif’s office said, with the two leaders agreeing to boost bilateral trade and investment.

The prime minister led Pakistan’s delegation at the ECO summit in Khankendi, Azerbaijan on July 3-4, which focused on the promotion of trade, sustaining development and enhancing regional connectivity.

Sharif noted that recent interactions between leaders of the two countries had helped strengthen relations and invited President Ilham to visit Pakistan at his earliest convenience, according to the Pakistan PM’s office.

“The two leaders agreed to enhance their cooperation in the fields of trade and investment while expressing satisfaction over the progress made regarding the investment prospects,” Sharif’s office said.

“Both leaders reiterated their resolve to strengthen the economic partnership, especially Azerbaijan’s investment in Pakistan.”

This is Sharif’s third visit to Azerbaijan in 2025. He last traveled to Baku in May as part of a broader push at economic diplomacy with the Central Asian republics, to whom Pakistan has offered access to its southern ports in Karachi and Gwadar.

The ECO summit, themed as “New ECO Vision for a Sustainable and Climate Resilient Future,” brought together heads of state and government from ECO member states to discuss economic and political cooperation.

Founded in 1985 by Iran, Pakistan and Turkiye, the Eurasian intergovernmental organization included Afghanistan, Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan in 1992, aiming to establish a single market for goods and services.

Pakistan, slowly recovering from a macroeconomic crisis under a $7 billion International Monetary Fund (IMF) deal, has been looking to capitalize on its geostrategic location to boost transit trade and foreign investment for a sustainable economic recovery.

In July 2024, Azerbaijan announced a $2 billion investment in Pakistan during a visit by President Ilham Aliyev to Islamabad. In September last year, Pakistan signed a contract to supply JF-17 Block III fighter jets to Azerbaijan, marking the deepening of defense cooperation.


Pakistan nears $1.5 billion deal to supply weapons, jets to Sudan

Updated 09 January 2026
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Pakistan nears $1.5 billion deal to supply weapons, jets to Sudan

  • Deal may include drones, air defense systems and Karakoram-8 aircraft, with possible JF-17 fighters
  • The sale is expected to bolster Sudan’s army in the ongoing civil war with the Rapid Support Forces

ISLAMABAD: Pakistan is in the final phases of striking a $1.5-billion deal to supply weapons and jets to Sudan, a former top air force official and three sources said, promising a major boost for Sudan’s army, battling the paramilitary Rapid Support Forces.

Their conflict has stoked the world’s worst humanitarian crisis for more than 2-1/2 years, drawing in myriad foreign interests, and threatening to fragment the strategic Red Sea country, a major gold producer.

The deal with Pakistan encompasses 10 Karakoram-8 light attack aircraft, more than 200 drones for scouting and kamikaze attacks, and advanced air defense systems, said two of the three sources with knowledge of the matter, who all sought anonymity.

It was a “done deal,” said Aamir Masood, a retired Pakistani air marshal who continues to be briefed on air force matters.

Besides the Karakoram-8 jets, it includes Super Mushshak training aircraft, and perhaps ‌some coveted JF-17 ‌fighters developed jointly with China and produced in Pakistan, he added, without giving figures ‌or ⁠a delivery ‌schedule.

Pakistan’s military and its defense ministry did not immediately respond to requests for comment.

A spokesman for Sudan’s army did not immediately respond to a message requesting comment.

Assistance from Pakistan, especially drones and jets, could help Sudan’s army regain the air supremacy it had toward the start of its war with the RSF, which has increasingly used drones to gain territory, eroding the army’s position.

PAKISTAN’S DEFENSE AMBITIONS

The deal is another feather in the cap for Pakistan’s growing defense sector, which has drawn growing interest and investment, particularly since its jets were deployed in a conflict with India last year.

Last month, Islamabad struck a weapons deal worth more than $4 billion with the Libyan National Army, officials said, for one of the South Asian nation’s largest arms sales, which includes JF-17 fighter jets and training aircraft.

Pakistan has also held talks with Bangladesh on a defense deal that could includes the Super Mushshak training jets and JF-17s, as ties improve ties with Dhaka.

The government sees Pakistan’s burgeoning industry as a catalyst to secure long-term economic stability.

Pakistan is now in a $7-billion IMF program, following a short-term ‌deal to avert a sovereign default in 2023. It won IMF support after Saudi Arabia and other Gulf allies provided financial and deposit rollovers.