Turkey has announced an investment of up to five billion dollars to get Pakistan out of difficult economic conditions. Turkey and Pakistan have deep friendly relations and Turkey wants to increase mutual trade with Pakistan to at least five billion dollars in the next two to three years because the current volume of trade is more than the actual potential of both countries. There is very little.
These views were expressed by the Ambassador of Turkey to Pakistan, Dr. Mehmet Pachaji, while addressing the business community on the occasion of his visit to the Islamabad Chamber of Commerce and Industry. The Commercial Consul of the Turkish Embassy Nurtin Demir was also with him on this occasion. Dr. Mehmet Pachaji said that his government had entrusted him with the responsibility of increasing the mutual trade between Turkey and Pakistan to five billion dollars in the next three years. He further said that both countries have a better capacity to go beyond this target. The Turkish Consul General said that Turkey wants to increase cooperation with Pakistan in other fields including trade, industry, investment, education and health. Speed up your efforts.
He assured that his embassy would cooperate with the private sector in all possible ways in such endeavors. Turkish Commercial Consul Nurtin Demir gave a detailed presentation to the participants about investment opportunities in Turkey on the occasion. Expressing his views on this occasion, President of Islamabad Chamber of Commerce and Industry Ahsan Zafar Bakhtawari said that despite the ideal friendly relations, bilateral trade between Pakistan and Turkey is around one billion dollars, which is not encouraging. emphasized that the two countries should strive to develop strong business linkages between their private sectors to improve trade volumes.
He said that Turkey can invest in Pakistan in various sectors including engineering, chemicals, housing and construction, electrical equipment, machinery, defense, irrigation, food processing, halal meat, agricultural production and solar energy. ICCI is organizing the 1st International Housing Expo from 8th to 11th December 2022 in collaboration with the Ministry of Housing and Works, so they have invited Turkish investors to participate fully in this mega event to introduce their projects in Pakistan. Invited. The President of the Chamber of Commerce said that both countries are part of ECO and D8 countries and they should take advantage of these platforms to further strengthen their trade relations, former ICCI President Zafar Bakhtavari said. That Turkish Airlines has flights to more than 129 countries, so it should support Pakistan in establishing direct air links to Central Asia and 8 countries, which will promote our trade and exports with these countries.
He said that Pakistan and Turkey should focus on establishing road and railway links which will strengthen business relations. He further said that Turkey, Pakistan and Azerbaijan should try to establish a free trade market through which the mutual trade of these three countries will develop better and the people will also benefit.
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