ISLAMABAD: Azerbaijan is actively considering investments in M6 (Sukkur-Hyderabad) and M9 (Karachi-Hyderabad) motorways, Ambassador of Pakistan to Azerbaijan, Qasim Mohiuddin, informed a meeting on Thursday that reviewed decisions taken during the recent visit of a high-level government delegation to Baku.

The 136km-long and six-lane M-9 is a north-south motorway in Sindh connecting Karachi and Hyderabad, while the 306km six-lane motorway will connect Sukkur to Hyderabad.

Minister for Privatisation and Investment Abdul Aleem Khan chaired the meeting, which Ambassador Mohiuddin attended via video link.

The envoy informed the meeting that the government institutions of Azerbaijan were keen on investing in Pakistan on the G2G model and participating in the privatisation of state-owned enterprises.

Mr Aleem said that he was keen to resolve investment issues with the Central Asian Countries (CACs) quickly, and the purpose of the follow-up meeting was also to review the progress made in this regard.

He asked the envoy to complete the preparation work before the two-day Pak-Azerbaijan Joint Commission meeting starting on December 24. “We want to move forward through coordinated measures in all the three sectors of privatisation, investment and communication, for which he will soon meet separately with the ambassadors of Turkey, Azerbaijan and Uzbekistan,” he said.

The minister said that on trade issues, CACs can be a gateway for Pakistan to access Eastern Europe for which we have to make all our efforts. He said that Pakistan’s representation in the COP29 held in Baku, Azerbaijan this month was prominent in the presentation by our country.

During the review meeting, federal secretaries of privatisation and communications Departments and the Chairman of the National Highway Authority presented briefings on their departments. They assured them they would deal with bilateral issues expeditiously. At the meeting, we also nominated a focal person from each department to prepare for Pakistan-Azerbaijan cooperation.

Published in Dawn, November 29th, 2024

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Anything goes
Updated 13 Jan, 2025

Anything goes

With social media companies abandoning moderation efforts, dark days of freewheeling internet have seemingly returned.
Odious trade
13 Jan, 2025

Odious trade

WHEN home feels like a sinking ship, people are forced to make ill-fated journeys for a better life. Last month,...
Treasure of the Indus
13 Jan, 2025

Treasure of the Indus

THE Indus dolphin, or bulhan as it is known locally, is a remarkable species found only in the Indus River. Unlike...
Increased inflows
Updated 12 Jan, 2025

Increased inflows

Govt must devise a strategy to increase industrial and agricultural productivity to boost exports and reduce reliance on uncertain remittances.
Gwadar’s potential
12 Jan, 2025

Gwadar’s potential

THE Gwadar deep-sea port, completed in 2007, was supposed to be a shining success for the other newly built ports in...
Broken metropolis
12 Jan, 2025

Broken metropolis

KARACHI, Pakistan’s economic juggernaut, is the largest contributor to the nation’s tax revenue. The Federal...