Tag: Pakistan-Turkey relations

  • Pakistan and Turkey aim to boost bilateral trade to $5 billion

    Pakistan and Turkey aim to boost bilateral trade to $5 billion

    Pakistan and Turkey have committed to elevating their bilateral trade volume to $5 billion, marking a significant step in the economic partnership between the two nations. This agreement was reached during high-level talks held in Islamabad.

    The Pakistani delegation was headed by Deputy Prime Minister and Foreign Minister Mohammad Ishaq Dar, while the Turkish side was led by Foreign Minister Hakan Fidan.

    According to a statement from the Ministry of Foreign Affairs (MoFA), the discussions encompassed a review of progress on existing bilateral cooperation and an exchange of views on regional and international matters of mutual interest.

    In a joint news conference following the talks, Deputy Prime Minister Dar highlighted plans to convene the next session of the Pakistan-Turkey High-Level Strategic Cooperation Council soon. He underscored the longstanding defence collaboration between the two countries, noting, “We are working on various joint ventures and continue to support each other in defending our territorial sovereignty and combating terrorism.”

    Dar also expressed deep gratitude to Turkey for its unwavering support to the people of Indian-occupied Jammu and Kashmir, reaffirming Pakistan’s support for the legitimate struggle of the people of the Turkish Republic of Northern Cyprus. “Pakistan and Turkey are two countries but one nation,” he remarked, underlining the historical and enduring bond between the two peoples.

    Turkish Foreign Minister Hakan Fidan described Pakistan as a strategic partner whose cooperation is vital for regional peace and stability. He termed the meeting with Foreign Minister Dar as fruitful, noting that both sides are committed to strengthening their relations in trade, defence, investment, banking, science, and technology. “This is an unshakeable friendship and brotherhood rooted in history,” Fidan said, affirming Turkey’s support for Pakistan in its fight against terrorism.

    Both foreign ministers also expressed serious concerns over the situation in Gaza, calling for a permanent ceasefire and the provision of humanitarian relief to the Palestinian people.

    This renewed commitment to deepening economic and strategic ties reflects the enduring solidarity and cooperation between Pakistan and Turkey, promising a strengthened partnership in the years to come.

  • PM Shehbaz urges Turkish business community to boost investments in Pakistan

    PM Shehbaz urges Turkish business community to boost investments in Pakistan

    Prime Minister (PM) Shehbaz Sharif, amid increasing debt burden and declining foreign exchange reserves, has invited Turkish investors and businessmen to expand their investments in different sectors of Pakistan. The premier is currently in Ankara on a two-day official visit to attend the inauguration ceremony of President Recep Tayyip Erdogan.

    During a meeting with a delegation from the Anadolu Group, which included Coca Cola CCI CEO Karim Yahi, Chief Strategy Officer Atilla Yerlikaya, and Head of Public Policy Taylan Coban, the PM expressed his encouragement for the Anadolu Group to invest in Pakistan and provide job opportunities to the people.

    Minister for Information and Broadcasting Marriyum Aurangzeb, Special Assistant to the Prime Minister Tariq Fatimi, and Pakistan’s Ambassador in Turkey Dr Yousuf Junaid were also present at the meeting.

    Prime Minister Shehbaz Sharif’s visit to Turkey is a result of an invitation from Turkish President Erdogan, who emerged victorious in the second round of elections held on 28 May. Upon his arrival at Ankara airport last night, the Prime Minister was received by senior officers of the Turkish Foreign Ministry and Pakistan’s ambassador in Turkey, emphasising the significance of the visit.

    Pakistan, facing economic challenges, is actively seeking foreign investments to alleviate its debt burden and stabilize its foreign exchange reserves. The Prime Minister’s appeal to Turkish investors and businessmen reflects the government’s commitment to attracting international investment and fostering economic partnerships.

    By engaging with the Anadolu Group and inviting increased investment, Prime Minister Shehbaz Sharif aims to leverage Turkish expertise and capital to drive economic growth and create employment opportunities in Pakistan.

    During the ongoing visit, it is anticipated that discussions between Pakistani and Turkish officials will focus on exploring potential areas of collaboration, identifying investment opportunities, and strengthening bilateral ties. The outcome of these engagements may play a pivotal role in shaping Pakistan’s economic trajectory, leading to increased foreign investment and a revitalized economy.

    In a time of economic challenges, Prime Minister Shehbaz Sharif’s proactive approach and diplomatic outreach to Turkish investors send a clear message of Pakistan’s commitment to enhancing economic cooperation and attracting much-needed investment.