Pakistan says Azerbaijan close to finalizing $2 billion investment deal

The handout photograph shows Prime Minister Shehbaz Sharif (center) meeting the Representative of Azerbaijan’s President on Special Assignments Khalaf Khalafov (second left) in Islamabad, Pakistan, on January 30, 2026. (PID)
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Updated 31 January 2026
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Pakistan says Azerbaijan close to finalizing $2 billion investment deal

  • Shehbaz Sharif discusses investment ties in meeting with Azerbaijani presidential envoy
  • Deal builds on growing energy cooperation, including SOCAR’s footprint in Pakistan

ISLAMABAD: Prime Minister Shehbaz Sharif said on Friday Pakistan was close to finalizing a $2 billion investment agreement with Azerbaijan, as he met a senior representative of President Ilham Aliyev amid Islamabad’s push to attract foreign capital into key sectors.

Sharif made the remarks during a meeting with Khalaf Khalafov, Azerbaijan’s presidential representative on special assignments, at the Prime Minister’s Office, according to an official statement.

The talks come as Pakistan seeks large-scale foreign investment to shore up its economy and strengthen energy security, with Azerbaijan emerging as a key partner.

“Welcoming the Azerbaijani dignitary, the Prime Minister recalled the warm fraternal bonds between Pakistan and Azerbaijan and reaffirmed Pakistan’s resolve to further strengthen bilateral relations with Azerbaijan, in all areas of mutual interest,” the statement said.

“While noting that both sides were close to finalizing the agreement for USD 2 billion investment by Azerbaijan in Pakistan, the Prime Minister reiterated his invitation to President Aliyev to undertake an official visit to Pakistan at his earliest convenience,” it added.

Earlier this month, Pakistan’s finance ministry said that Azerbaijan’s state energy company SOCAR was set to finalize an investment in the country’s oil and gas sector following high-level engagements at the World Economic Forum in Davos, as Islamabad works to stabilize energy supply, reduce costs and improve contractual transparency.

SOCAR already operates in Pakistan through SOCAR Trading, which supplies up to one LNG cargo per month without take-or-pay obligations, giving Pakistan greater flexibility in managing demand and pricing.

Regional issues were also discussed during Friday’s meeting.

Khalafov thanked Pakistan for its diplomatic support during the 2020 Nagorno-Karabakh conflict — a brief but intense war between Azerbaijan and Armenia that ended with Baku regaining control of large parts of the disputed territory — and reaffirmed Azerbaijan’s longstanding support for Pakistan’s position on Kashmir, the statement said.

Pakistan and Azerbaijan have expanded economic and strategic ties in recent years, including defense and security cooperation.


Peace can only prevail if Afghanistan renounces support for ‘terrorism’— Pakistan defense chief

Updated 04 March 2026
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Peace can only prevail if Afghanistan renounces support for ‘terrorism’— Pakistan defense chief

  • Pakistan’s chief of defense forces visits South Waziristan district bordering Afghanistan
  • Pakistan says has killed 481 Afghan Taliban operatives since clashes began last Thursday

ISLAMABAD: Pakistan’s Chief of Defense Forces Field Marshal Syed Asim Munir said on Wednesday that peace with Afghanistan can only prevail if Kabul renounces support for “terrorism” and “terrorist” organizations, the military’s media wing said as the two countries remain locked in conflict. 

Fighting between the two neighbors, the worst in decades, broke out last Thursday night after Afghan forces attacked Pakistan’s military installations along their shared border. Afghanistan said its attacks were in response to earlier airstrikes by Pakistan against alleged militant hideouts in its country. 

Pakistan accuses Afghanistan of sheltering militant outfits such as the Tehreek-e-Taliban Pakistan (TTP) on its soil who have launched attacks against Pakistani civilians and security forces in recent years. Kabul denies the allegations. 

Munir visited Wana town in Pakistan’s South Waziristan district to review the security situation and troops’ operational preparedness at the Afghan border, the Pakistani military’s media wing said in a statement. 

“The Field Marshal reiterated that peace could only prevail between both sides if the Afghan Taliban renounced their support for terrorism and terrorist organizations,” the Inter-Services Public Relations (ISPR) said. 

The military chief said the use of Afghan soil by militant outfits to launch attacks against Pakistan was unacceptable, vowing that “all necessary measures” would be taken to neutralize cross-border threats. 

During the visit, Munir was briefed by military commanders about ongoing intelligence-based operations and measures being taken by the military to manage the border with Afghanistan.

He was also briefed about “Operation Ghazab Lil Haq” or “Wrath for the Truth,” the name Pakistan has given to its military operation against Afghan forces, the ISPR said. 

The Pakistani military chief spoke to troops deployed in the area, praising their vigilance, professional conduct and high morale, the ISPR said. 

Pakistan’s Information Minister Attaullah Tarar said on Wednesday that the military has killed 481 Taliban operatives, injured more than 690 and destroyed 226 Afghan checkposts since clashes began. 

Arab News has been unable to verify claims by both sides about the damages they claim to have inflicted on each other.

Afghanistan has signaled it is open for dialogue but Pakistan rejected the offer, saying it would continue its military operations till its objectives were achieved. 

Since the conflict began, diplomatic efforts have intensified with several countries, including global bodies such as the European Union and United Nations, urging restraint and calling for talks.

Turkish President Recep Tayyip Erdogan told Pakistani Prime Minister Shehbaz Sharif that ⁠Ankara would help ⁠reinstate a ceasefire, the Turkish Presidency said on Tuesday, as other countries that had offered to mediate have since been hit by the conflict in the Gulf.