The Baku Stock Exchange (BSE) and the Pakistan Stock Exchange (PSX) have signed a Memorandum of Understanding in an online ceremony, marking a significant step towards increasing bilateral collaboration between Pakistani and Azerbaijani capital markets.
The document was formalized by Ruslan Khalilov, BSE Chairman of the Management Board, and Farrukh H. Sabzwari, PSX Managing Director and Chief Executive Officer.
The signing ceremony was attended by senior officials from Pakistan Stock Exchange and Baku Stock Exchange, highlighting the commitment of both institutions to strengthening ties and also help to further develop their respective capital markets.
The MoU aims to strengthen cooperation between Pakistan and Azerbaijan in the capital markets and promote mutual development in the financial sectors of both countries.
Under the partnership, PSX and BSE will exchange expertise in market operations, product development, and regulatory best practices. The collaboration will explore cross-border investments and initiatives to enhance market efficiency and liquidity. Key areas of cooperation include facilitating dual listings and investment fund trading, jointly developing products, sharing insights on market operations and regulations, supporting staff secondments, and engaging in capacity-building initiatives for mutual benefit.
This strategic partnership is expected to pave the way for closer ties between Pakistan and Azerbaijan in the financial sector, contributing to the overall economic growth and investment climate in both countries.
