Pakistani pharmaceutical companies may invest in Azerbaijan 

Pakistani pharmaceutical companies are keen on operating in the Alat Free Economic Zone, the president of the Pakistan-Azerbaijan Chamber of Economic Cooperation (PAKAZCHAM), Khurram Bhatti, told Report.

According to him, discussions will be held in this regard.

“PAKAZCHAM is working on expanding pharmaceutical cooperation between the two countries. There is a plan to organize a pharmaceutical conference in Azerbaijan by the end of November. We are negotiating with the pharmaceutical agency of Pakistan in this direction and expect approximately 40-50 pharmaceutical companies to come to Azerbaijan,” Khurram Bhatti said.

The trade turnover between Azerbaijan and Pakistan amounted to $11,729,000,000 in 2021, down 11.6% from 2020. This figure was $16,172,000 in January-August of 2022, 2.3 times more than the previous year.