Pakistan Prime Minister Shehbaz Sharif on Friday directed the concerned authorities to provide maximum facilities to Turkish investors in Pakistan to enhance bilateral trade and investment cooperation.
Addressing a high-level delegation of Turkish business leaders led by Turkish Trade Minister Omer Bolat, the prime minister said the Pakistani government wanted to enhance bilateral trade relations.
He added that the government is taking priority measures to raise bilateral trade to $5 billion, as previously agreed with Turkish President Recep Tayyip Erdogan.
The Pakistani Prime Minister continued that the people of Pakistan and Turkey enjoy centuries-old brotherly relations and described Turkey and Pakistan as “one nation and two peoples”.
For his part, Turkish Trade Minister Omer Bolat said that 54 Turkish companies have invested $3.5 billion in Pakistan. Turkish investors expressed satisfaction with the political and economic stability in Pakistan.
During their meeting in Karachi (southern Pakistan) on Friday, Polat discussed with his Pakistani counterpart Jam Kamal Khan possible cooperation opportunities for companies from the two countries to work together on joint projects and enhance their position in regional and global markets.
Bolat pointed out that he and his Pakistani counterpart met with businessmen from both countries. He explained that the meeting discussed the necessary steps to increase the volume of trade between the two countries to 5 billion dollars.
“We discussed additional tools that would increase mutual investments, and cooperation opportunities for Turkish and Pakistani companies to work together on joint projects and gain a stronger position in regional and global markets,” he added.
Polat stressed that they will continue to work for stronger cooperation in economic relations between Türkiye and Pakistan.
Last month, Pakistan and the International Monetary Fund reached an agreement on a $7 billion aid package over three years. The terms of the agreement include ensuring equal opportunities for investment, strengthening fiscal and monetary policy and reforms.
