Azerbaijan, Pakistan can establish joint ventures in Karabakh

"Azerbaijan and Pakistan have plans to develop agriculture in the liberated territories, and the two countries are proposed to establish joint ventures," President of the Pakistan-Azerbaijan Economic Cooperation Chamber Khurram Bhatti told Report.

"Pakistan has a very large, developed agricultural sector, so it can implement some projects in Karabakh together with Azerbaijan. Companies of the two countries also have plans to open a rice mill in Ganja. Discussions are underway with Azerbaijan to open a joint venture. Pakistani companies can also play an important role in construction in Karabakh. Some companies are already negotiating with various Azerbaijani institutions in this regard. This can bring a significant amount of foreign direct investment to Azerbaijan," he said.

According to the State Customs Committee, the trade turnover between Azerbaijan and Pakistan in January-February this year amounted to $3.4 million, 70% more than in the same period last year.

At present, there are over 2,000 Pakistani companies in Azerbaijan.