Pakistani banks showing interest in Azerbaijani market

    ECONOMICS  01 December 2022 - 21:00

    President of the Pakistan-Azerbaijan Economic Cooperation Chamber (PAKAZCHAM) Khurram Bhatti has said that although the National Bank of Pakistan has closed its branch in Azerbaijan’s capital Baku, other Pakistani banks are showing interest in the Azerbaijani market and are negotiating to open branches here.

    “Azerbaijan and Pakistan can also cooperate in the field of insurance,” Bhatti told Report.

    "Negotiations are underway between the Azerbaijan Insurers Association and Insurance Association of Pakistan. Insurance makes up a big part of the service sector. It is planned to hold a meeting on this issue in December 2022," he said.

    Bhatti added that Pakistani leasing companies also show interest in the relevant market of Azerbaijan.

    “Meetings on this issue are scheduled for February 2023,” he said.

    MCB non-bank credit organisation, a subsidiary of Pakistani MCB Bank, is currently operating in Azerbaijan.

    The National Bank of Pakistan decided to leave the Azerbaijani market in October 2022.

    Caliber.Az

    Subscribe to our Telegram channel


Read also

Minister: Azerbaijan exports 600 million cubic metres of gas to Bulgaria in 2022

04 February 2023 - 15:07

bp eyes to commission three more wells at Shah Deniz

04 February 2023 - 12:02

Moldova hopes to receive gas from Azerbaijan through Romania

04 February 2023 - 09:42

Turkish minister: Gas exports via TANAP to Europe to double in next 3-4 years

03 February 2023 - 20:51

Minister: Türkiye already performing some duties as gas hub

03 February 2023 - 20:38

Azerbaijan, Hungary discuss joint projects

03 February 2023 - 20:06
ADVERTS
Latest news

    Intergovernmental agreement between Azerbaijan, Türkiye and Turkmenistan approved

    04 February 2023 - 16:00

    Trafigura: ‘Shadow Fleet’ of tankers hauling Russian oil swells to 600 ships

    04 February 2023 - 15:46

    International travelers enjoy Jidir plain view in Shusha

    04 February 2023 - 15:32

    Cristiano Ronaldo scores his first goal for new club Al Nassr

    04 February 2023 - 15:20

    Minister: Azerbaijan exports 600 million cubic metres of gas to Bulgaria in 2022

    04 February 2023 - 15:07

    Turkish Airlines cancels 238 flights due to weather conditions

    04 February 2023 - 14:55

    Portugal refuses to send German-made Leopard 2 tanks to Ukraine

    04 February 2023 - 14:43

    American volunteer aid worker killed in Bakhmut while helping Ukrainian civilians

    04 February 2023 - 14:33

    Expert: Attack on Azerbaijan’s embassy in Iran should serve as wakeup call

    04 February 2023 - 14:23

    Ex-justice minister Zeynalyan may become Armenia's ombudsman

    04 February 2023 - 14:10

    Training course graduates get certificates in Azerbaijan

    PHOTO/VIDEO

    04 February 2023 - 13:57

    International travelers from 12 countries arrive at rally site on Khankandi-Lachin road

    04 February 2023 - 13:42

    Ukraine to extend martial law, mobilisation for 90 days

    04 February 2023 - 13:30

    Türkiye to launch GOKDOGAN, BOZDOGAN missiles from onshore, offshore platforms

    PHOTO

    04 February 2023 - 13:24

    Türkiye, Indonesia sign military cooperation agreement in Ankara

    04 February 2023 - 13:17

    Azerbaijan's ambassador to Mexico exposes Armenian lies

    04 February 2023 - 13:03

    Ukraine announces early arrival of Leopard, Challenger and Abrams tanks

    Defence minister's statement

    04 February 2023 - 12:50

    Suspected supporter of PKK terrorist group detained in Sweden

    04 February 2023 - 12:38

    Gibraltar accuses Spain of 'gross violation of sovereignty' over customs operation

    04 February 2023 - 12:26

    German traveler: Visit to liberated Azerbaijani lands - unique chance

    04 February 2023 - 12:16

    bp eyes to commission three more wells at Shah Deniz

    04 February 2023 - 12:02

    Ukraine claims Russian death toll rises to more than 130,000

    04 February 2023 - 11:51

    Azerbaijan performs practical exercises on fire training

    VIDEO

    04 February 2023 - 11:39

    Azerbaijani border guards thwart another drug smuggling from Iran

    PHOTO

    04 February 2023 - 11:29

    ISW: Russia perpetuates war in Ukraine as direct threat to its security

    04 February 2023 - 11:16

    US, EU, G7 and Australia announce new price cap on Russian petroleum products

    04 February 2023 - 11:02

    Organisation of Turkic States condemns burning of Quran in Sweden, Denmark

    04 February 2023 - 10:51

    Top US diplomat slams 'unacceptable' China balloon

    04 February 2023 - 10:42

    International travelers from UK arrive in Karabakh

    04 February 2023 - 10:32

    France, Italy ready to deliver SAMP/T anti-missile system to Ukraine

    04 February 2023 - 10:20

    Organisation of Turkic States, International Crisis Group discuss global crisis issues

    04 February 2023 - 10:11

    Eco-activists still active on 55th day of rally on Khankendi-Lachin road

    04 February 2023 - 09:54

    Moldova hopes to receive gas from Azerbaijan through Romania

    04 February 2023 - 09:42

    US imposes sanctions on board of directors of Iranian drone maker

    04 February 2023 - 09:31

    President Erdogan: Türkiye supports Kosovo’s vision to join NATO, Council of Europe, EU

    04 February 2023 - 09:19

    OPEC’s oil production drops in January as Saudi Arabia cuts output

    04 February 2023 - 09:00

    Eastern Europe wants NATO to beef up defence spending

    04 February 2023 - 08:35

    US kicks off 5G competition to upgrade base communications

    04 February 2023 - 08:05

    How Korean nuclear threat could gradually, then suddenly, lead to war

    04 February 2023 - 07:34

    UK faces bleakest outlook in generations as more Britons stop working

    04 February 2023 - 07:02

    US Army plant making artillery shells for Ukraine

    PHOTO

    04 February 2023 - 06:33

    China needs to junk its economic playbook

    Analysis by Foreign Policy

    04 February 2023 - 06:04

    Sweden tightens anti-terror laws as Finland confirms joint NATO bid

    04 February 2023 - 05:36

    India to boost defence spending 13%, with billions for new weapons

    04 February 2023 - 05:05

    The Guardian: How Putin’s plans to blackmail Europe over gas supply failed

    04 February 2023 - 04:35

All news