"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.