ISLAMABAD -  Pakistan on Monday offered Azerbaijan investment opportunities in its untapped carbon trading sector during a meeting between Climate Change Minister Musadik Malik and Ambassador Khazar Farhadov to boost bilateral cooperation in environmental and economic areas. During a meeting with Azerbaijan’s Ambassador Khazar Farhadov, Climate Change Minister Musadik Malik highlighted investment opportunities in carbon offset projects, particularly in forestry and green energy.

“Pakistan offers significant potential in carbon offsetting through green projects, with returns that can exceed initial investment,” Malik said.

He encouraged Azerbaijani participation in forestry-based carbon credit initiatives and renewable energy ventures.

The minister also outlined opportunities in solar energy, green industrial growth, and joint ventures, positioning Pakistan as an emerging hub for environmentally sustainable development.

“Strategic partnerships in green sectors can yield both financial and ecological benefits. We welcome Azerbaijani stakeholders to become part of this transformation.” Musadik Malik said.

Ambassador Khazar Farhadov expressed strong interest in exploring these ventures and acknowledged Pakistan’s growing market for sustainable investments. He emphasised the importance of business-to-business engagement to enhance bilateral ties.

Ambassador Khazar Farhadov also noted that Azerbaijan has become one of the top travel destinations for Pakistanis, with nearly 250,000 visiting in 2023, a trend that reflects strengthening cultural connections.

Both sides reaffirmed their commitment to expanding cooperation across environmental, economic, and diplomatic fronts.