We are close to finalising agreement for two billion dollar investment by Azerbaijan in Pakistan: PM. Prime Minister Shehbaz emphasised that future FDI would be encouraged only in export-led projects, which would help generate foreign exchange and strengthen the country’s reserves. The prime minister reiterated Pakistan’s resolve to reduce reliance on external debt, stating that “there is no respect for nations that beg for money.”The prime minister said that at this moment, in the 3rd quarter, the country’s foreign exchange reserves had doubled, but that included loans from friendly countries as well. The prime minister also emphasized tax compliance, warning industries against withholding taxes collected from consumers. Prime Minister Shehbaz also acknowledged the contributions of Deputy Prime Minister Ishaq Dar and several cabinet members for their role in economic reforms, privatization, and export promotion, terming the progress a result of teamwork and selfless service.

Source: The Nation January 31, 2026 11:05 UTC