The Pakistan Stock Exchange (PSX) & Baku Stock Exchange (BSE) signed a Memorandum of Understanding (MOU) in an online ceremony, marking a significant step towards increasing bilateral collaboration between Pakistani and Azerbaijani Capital Markets. The MOU aims to establish robust communication channels and strengthen the relationship between the capital markets of Pakistan and Azerbaijan, fostering mutual growth and development in the financial services sectors of both countries, said a press release received here. The MOU was signed by Managing Director & Chief Executive Officer of Pakistan Stock Exchange, Farrukh H. Sabzwari and CFA, Chairman of the Management Board, Baku Stock Exchange, Ruslan A. Khalilov. The virtual signing ceremony was attended by senior officials from Pakistan Stock Exchange & Baku Stock Exchange, highlighting the commitment of both institutions to strengthening ties and also help to further develop their respective capital markets. 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. Speaking on the occasin, Farrukh H. Sabzwari said the MoU represents an important milestone to strengthen cooperation between the capital markets of Pakistan & Azerbaijan. “We believe that by sharing knowledge and expertise, both exchanges can create more dynamic & competitive capital markets, ultimately benefiting investors and businesses in both countries,” he added. Ruslan A. Khalilov echoed similar sentiments and said the collaboration reflects shared vision for advancing capital markets in our regions. “This MOU opens doors to innovative opportunities, cross-border investments, and knowledge exchange, paving the way for a stronger financial future for both Azerbaijan and Pakistan,” he added” This strategic partnership is expected to pave the way for closer ties between Pakistan & Azerbaijan in the financial sector, contributing to the overall economic growth and investment climate in both countries, the PSX statement added.