Although the National Bank of Pakistan has closed its branch in Baku, other Pakistani banks are interested in the Azerbaijani market and are negotiating to open a branch here, the President of the Pakistan Azerbaijan Economic Cooperation Chamber (PAKAZCHAM) Khurram Bhatti told Report.

According to him, the two countries may also cooperate in the field of insurance:

“Negotiations are underway between Azerbaijan and Pakistan insurance associations, so they may sign a Memorandum of Understanding and cooperate. Insurance makes up a large part of the service sector. A meeting in this regard is planned to be held in December.”