Turkey announced an investment of up to five billion dollars to get Pakistan out of difficult economic conditions.
According to Express News, 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 trade volume exceeds the actual potential of both countries. A little bit.
These views were expressed by the Ambassador of Turkey to Pakistan, Dr. Mehmet Pashaji, while addressing the business community on the occasion of his visit to the Islamabad Chamber of Commerce and Industry.
With him on this occasion was the commercial consul of the Turkish embassy, Nurtin Demir, and Dr. Muhammad Pashaji said that his government had entrusted him with the responsibility of increasing trade exchange between Turkey and Pakistan to five billion dollars in the next three years. He added that both countries have a better capacity to exceed this goal.
The Turkish Consul General said that Turkey wants to increase cooperation with Pakistan in other areas including trade, industry, investment, education and health, and the business community of the two countries should strengthen relations and expand trade and economic relations, and accelerate your efforts.
He stressed that his embassy will cooperate with the private sector in all possible ways in such endeavors. The Turkish Commercial Consul Nortin Demir gave a detailed presentation to the participants about investment opportunities in Turkey on this occasion.
Expressing his views on this occasion, the Chairman of the Islamabad Chamber of Commerce and Industry, Ehsan Zafar Bakhtoori, said that despite the exemplary friendly relations, the bilateral trade between Pakistan and Turkey is about $1 billion, which is not encouraging. To develop strong trade links between the private sectors to improve the volume of trade.
He said that Turkey can invest in Pakistan in various sectors including engineering, chemicals, housing, construction, electrical equipment, machinery, defence, irrigation, food processing, halal meat, agricultural production and solar energy. ICCI is organizing the first International Housing Exhibition from 8 to 11 December 2022 in cooperation with the Ministry of Housing and Works, so it has invited Turkish investors to participate in this huge event to present their projects in Pakistan.
Former ICC President Zafar Bakhtavari said that both countries are part of the ECO and D8 countries and should take advantage of these platforms to further enhance their trade relations, and that Turkish Airlines has flights to more than 129 countries so it should support Pakistan in establishing links Direct air with Central Asia and 8 countries, which will enhance our trade and exports with these countries.
He said Pakistan and Turkey should focus on establishing road and rail links that would boost trade relations. He added that Turkey, Pakistan and Azerbaijan should try to establish a free trade market in which the mutual trade between these three countries will develop better and people will also benefit from it.