PM stresses need to promote trade relation between Pakistan and Turkey

PM stresses need to promote trade relation between Pakistan and Turkey

ANKARA (Dunya News) - Prime Minister Muhammad Shehbaz Sharif has stressed the need to tap the huge potential and opportunities to promote trade relation between Pakistan and Turkey.

Addressing the Turkey-Pakistan Business Council in Ankara on Wednesday, he said that both the countries have also immense opportunities of cooperation in Textile industry and a joint strategy in this regard will further boost the industry.

The Prime Minister invited Turkish business community to invest in Pakistan and the government will provide all possible facilities in this regard.

He said both the countries have supported each other in critical times especially during earthquake, flood and other natural disasters.

He said through a joint adventure, the two countries can rapidly move to the path of development and prosperity.

Shehbaz Sharif said the government is taking effective steps to meet the current economic challenges being face by Pakistan.

The Prime Minister also invited Turkish investors to invest in Pakistan in the fields of hydro, solar and wind power projects.

He lauded the Turkish investment in solar parks projects in Pakistan as well.

Shehbaz Sharif said Pakistan will be capable to produce 40,000 megawatt hydroelectricity after construction of dams in the country.

He said Pakistan wants to take the benefits from Turkish capabilities in diverse sectors as it has immense experience in construction of dams, production of cheaper electricity and manufacturing vehicles.

The Prime Minister said that Turkish investments in the country will also lead to profit to their business community besides development of Pakistan.

— Marriyum Aurangzeb (@Marriyum_A) June 1, 2022

PM sets $5b target for Pak-Turk bilateral trade to reflect historic friendship

Prime Minister Muhammad Shehbaz Sharif Tuesday while assuring his government’s all-out support, urged the business community of Pakistan and Turkey to take the bilateral trade to the $5 billion mark within next three years.

“The $1.1 billion trade is nothing… Let us resolve to take the two-way trade to $5 billion… Let us do it speedily. The time and tide wait for none,” the prime minister said addressing a dinner reception hosted by the President of the Union of Chambers and Commodity Exchanges of Turkey (TOBB) Riffat Hisarciklioglu in his honour.

The prime minister, along with a high-level delegation, is on his maiden visit to Turkey, since he assumed office on April 11, this year.

A huge number of businessmen from Turkey Pakistan Business Forum, Turkish and Pakistani investors and officials from the Boards of Investment of Turkey and Pakistani attended the event.

The prime minister said the government had done away with all the impediments to the business sector and urged the Turkish investors to invest their capital in multiple sectors like agriculture, IT, dairy, textile, and many other fields.

“My investors are my masters. Come to Pakistan. We will genuinely roll out the red carpet for them,” the prime minister remarked.

The prime minister also assured the Turkish investors that they would face no hurdles in their future ventures in Pakistan, as they had been doing over the last four years.

He said under the leadership of President Recep Tayyip Erdogan, Turkey had achieved tremendous progress with its companies executing gigantic projects in multiple fields including dams and infrastructure building across the globe.

Speaking high of warm reception given to him and his delegation, the prime minister said the two countries enjoyed fraternal relations, dating back centuries.

He also thanked the Turkish people and the leadership for supporting Pakistan during the earthquake and floods, besides showing its unwavering support for the Kashmir cause. The prime minister also reiterated Pakistan’s stance to support Turkey on the Cyprus issue.

The prime minister said unfortunately the historic friendship did not reflect in the bilateral trade which currently stood at $1.1 billion.

He also mentioned the contribution of the Turkish companies in Pakistan in the field of solid waste management and their keen interest in solar energy projects.

Referring to the recent launch of third PN MILGEM corvette for Pakistan Navy PNS BADR, the prime minister also called for deepening the bilateral defense ties, calling the enemy of Turkey an enemy of Pakistan.

He urged the businessmen from both sides, attending the event, to have “heart to heart” talks for promoting bilateral trade and investment.

Regarding some issues faced by the Turkish businessmen with visa, the prime minister assured to work out an option of visa-on-arrival for the Turkish investors. “I guarantee you. The visa will not be an issue. You should come there and get stamped (visa) at the airport.”

— Shehbaz Sharif (@CMShehbaz) June 1, 2022