{"id":10006,"date":"2024-04-04T08:34:26","date_gmt":"2024-04-04T08:34:26","guid":{"rendered":"https:\/\/theasiantelegraph.global\/?p=10006"},"modified":"2024-04-04T08:34:27","modified_gmt":"2024-04-04T08:34:27","slug":"pakistan-azerbaijan-aim-to-boost-economic-ties-seeking-finalization-of-pta","status":"publish","type":"post","link":"https:\/\/theasiantelegraph.global\/?p=10006","title":{"rendered":"Pakistan, Azerbaijan Aim to Boost Economic Ties, seeking finalization of PTA"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"559\" src=\"https:\/\/theasiantelegraph.global\/wp-content\/uploads\/2024\/04\/IMG-20240404-WA0044-1024x559.jpg\" alt=\"\" class=\"wp-image-10007\" srcset=\"https:\/\/theasiantelegraph.global\/wp-content\/uploads\/2024\/04\/IMG-20240404-WA0044-1024x559.jpg 1024w, https:\/\/theasiantelegraph.global\/wp-content\/uploads\/2024\/04\/IMG-20240404-WA0044-300x164.jpg 300w, https:\/\/theasiantelegraph.global\/wp-content\/uploads\/2024\/04\/IMG-20240404-WA0044-768x419.jpg 768w, https:\/\/theasiantelegraph.global\/wp-content\/uploads\/2024\/04\/IMG-20240404-WA0044.jpg 1280w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Islamabad &#8211; Federal Minister for Commerce, Jam Kamal Khan, and Ambassador of Azerbaijan to Pakistan, Khazar Farhadov, met here on to discuss bolstering economic cooperation between the two nations.<\/p>\n\n\n\n<p>Highlighting the historical, political, and economic ties shared by Pakistan and Azerbaijan, Minister Jam Kamal emphasized the need to extend bilateral trade to its true potential by addressing trade-related issues.<\/p>\n\n\n\n<p>Minister Jam Kamal noted the increase in exports to Azerbaijan from US$ 9.70 million in 2021-22 to US$ 12.08 million in 2022-23, alongside a significant rise in imports primarily due to fertilizers.<\/p>\n\n\n\n<p>Both countries are actively negotiating a Preferential Trade Agreement (PTA), with finalized drafts.<\/p>\n\n\n\n<p>Ambassador Khazar Farhadov stressed the importance of high-level visits to enhance bilateral relations and elevate trilateral cooperation with Turkiye.<\/p>\n\n\n\n<p>He emphasized the resumption of LNG supplies from Azerbaijan to Pakistan and the potential for mutual investments, particularly in energy and IT sectors.<\/p>\n\n\n\n<p>Notably, Azerbaijan exempted Pakistani rice from import customs duty until December 2027, signaling a gesture of goodwill.<\/p>\n\n\n\n<p>Minister Jam Kamal reiterated Pakistan&#8217;s commitment to strengthening commercial and economic ties, emphasizing the importance of people-to-people contact and the signing of the PTA to bolster trade volume and create new business opportunities.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad &#8211; Federal Minister for Commerce, Jam Kamal Khan, and Ambassador of Azerbaijan to Pakistan, Khazar Farhadov, met here on to discuss bolstering economic cooperation between the two nations. Highlighting&hellip; <\/p>\n","protected":false},"author":8,"featured_media":10007,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7,13],"tags":[439,440,232,189],"class_list":["post-10006","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-diplomacy-corner","category-main-stories","tag-ambassador-of-azerbaijan-to-pakistan","tag-embassy-of-azerbaijan-pakistan","tag-federal-minister-for-commerce","tag-islamabad-chamber-of-commerce-and-industry-icci"],"_links":{"self":[{"href":"https:\/\/theasiantelegraph.global\/index.php?rest_route=\/wp\/v2\/posts\/10006","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/theasiantelegraph.global\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/theasiantelegraph.global\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/theasiantelegraph.global\/index.php?rest_route=\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/theasiantelegraph.global\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10006"}],"version-history":[{"count":1,"href":"https:\/\/theasiantelegraph.global\/index.php?rest_route=\/wp\/v2\/posts\/10006\/revisions"}],"predecessor-version":[{"id":10008,"href":"https:\/\/theasiantelegraph.global\/index.php?rest_route=\/wp\/v2\/posts\/10006\/revisions\/10008"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/theasiantelegraph.global\/index.php?rest_route=\/wp\/v2\/media\/10007"}],"wp:attachment":[{"href":"https:\/\/theasiantelegraph.global\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10006"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/theasiantelegraph.global\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10006"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/theasiantelegraph.global\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10006"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}