Pakistan PM, Azerbaijan president discuss enhanced connectivity after peace deal with Armenia

Prime Minister of Pakistan, Shehbaz Sharif, meets with President of Azerbaijan, Ilham Aliyev (right), on May 27, 2025, in Lachin, Azerbaijan. (PMO/File)
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Updated 10 August 2025
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Pakistan PM, Azerbaijan president discuss enhanced connectivity after peace deal with Armenia

  • Armenia, Azerbaijan this week committed to peace after decades of conflict over border, ethnic enclaves within each other’s territories
  • Pakistan has close ties with Azerbaijan, which announced in July a $2 billion investment in Pakistan during President Aliyev’s Islamabad visit

ISLAMABAD: Pakistan Prime Minister Shehbaz Sharif on Sunday held a telephonic conversation with Azerbaijan President Ilham Aliyev and discussed with him enhanced regional connectivity after Baku’s peace deal with Armenia, Sharif’s office said.

US President Donald Trump this week announced that Armenia and Azerbaijan had committed to a lasting peace after decades of conflict as he hosted the leaders of the South Caucasus rivals at a White House signing event.

The development comes as Pakistan, slowly recovering from a macroeconomic crisis under a $7 billion International Monetary Fund (IMF) loan, looks to capitalize on its geostrategic location to boost transit trade and foreign investment for a sustainable recovery.

During their conversation, Sharif felicitated President Aliyev on the historic peace agreement with Armenia and said the end of the three decades-old conflict would usher in a new era of prosperity for the Caucuses.

“The prime minister particularly appreciated the role played by US President Donald Trump in facilitating this historic deal that would now bring peace and prosperity to the region,” Sharif’s office said in a statement.

“While thanking the Prime Minister, President Aliyev said that peaceful development in the region would create new opportunities for enhanced connectivity between Pakistan and Central Asia.”

Christian-majority Armenia and Muslim-majority Azerbaijan have feuded for decades over their border and the status of ethnic enclaves within each other’s territories. The nations went to war twice over the disputed Karabakh region, which

Azerbaijan recaptured from Armenian forces in a lightning 2023 offensive, sparking the exodus of more than 100,000 ethnic Armenians.

Trump said at the White House event the two former Soviet republics “are committing to stop all fighting forever, open up commerce, travel and diplomatic relations and respect each other’s sovereignty and territorial integrity.”

“President Aliyev expressed deep appreciation for Pakistan’s longstanding and consistent support to Azerbaijan on the Karabakh issue,” Sharif’s office said.

“The prime minister responded that ‘it has always been a matter of duty for the people of Pakistan to extend their support to their Azerbaijani brothers and sisters on this core issue and it was heartening to note that, under President Aliyev’s bold leadership and statesmanship, peace had finally been established in this region’.”

Both leaders expressed their satisfaction on the positive trajectory of their bilateral cooperation, according to the statement. The prime minister reiterated his invitation to President Aliyev to undertake an official visit to Pakistan soon. Both leaders are also expected to meet in Tianjin on the margins of an upcoming Shanghai Cooperation Organization (SCO) summit.

Pakistan and Azerbaijan maintain close ties. In July, Sharif met with President Aliyev in Khankendi on the sidelines of the 17th Economic Cooperation Organization (ECO) summit, where the two leaders agreed to boost bilateral trade and investment.

This was 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.

In July 2024, Azerbaijan announced a $2 billion investment in Pakistan during a visit by President 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.


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.