Pakistan is contemplating prioritizing steps to spice up its commerce quantity with Türkiye to $5 billion (TL 167.89 billion) yearly, the nation’s prime minister stated Thursday.
Speaking with a Turkish buyers delegation led by Trade Minister Ömer Bolat at his workplace in Islamabad, Prime Minister Shahbaz Sharif careworn the willpower to develop trade as Islamabad and Ankara have already agreed to extend the bilateral commerce quantity.
“Pakistan and Türkiye are two countries but one nation as the people of Pakistan and Türkiye have ideal fraternal relations spanning centuries,” Sharif stated, based on an official assertion issued within the Urdu language.
He additionally welcomed the delegation and directed Pakistani authorities to offer them with all types of amenities for funding in Pakistan.
He added that his authorities desires to advertise commerce relations between the 2 nations.
“It was agreed with Turkish President Recep Tayyip Erdoğan to increase the trade volume between Pakistan and Türkiye from the current level to $5 billion annually,” Sharif instructed the delegation.
He additionally reiterated his invitation and stated, “The Pakistani people are waiting for the visit of Turkish President Recep Tayyip Erdoğan.”
The present funding quantity of 54 Turkish firms in Pakistan is $3.5 billion, based on the assertion.
Earlier within the day, Türkiye and Pakistan agreed to take advantage of the potential for additional bilateral financial and commerce growth, specializing in the companies, well being, training, drugs and style sectors, a authorities assertion stated.
The consensus got here as Trade Minister Bolat met Pakistan’s Finance Minister Muhammad Aurangzeb in Islamabad.
Aurangzeb emphasised the “robust and longstanding” relations between the 2 nations, which have the potential for growth.
Bolat, for his half, highlighted the shared dedication of Erdoğan and Sharif to strengthen bilateral ties, with a selected deal with growing commerce and funding.
He recognized key sectors for potential funding, together with companies, well being, training, drugs and style.
Bolat additionally proposed measures to facilitate funding for Turkish firms to boost investor confidence and really useful growing flight connectivity between Pakistan and Türkiye to assist larger financial trade.
Aurangzeb acknowledged the importance of historic and cultural ties between Pakistan and Türkiye.
He knowledgeable Bolat of a current staff-level settlement with the IMF, aimed toward guaranteeing “long-term stability and outlined ongoing reforms in taxation, energy sector and state-owned enterprises.”
“Both ministers reiterated their dedication to strengthening bilateral relations and expanding trade volume,” the assertion stated.
Aurangzeb assured Bolat of Pakistan’s dedication to supporting Turkish buyers by streamlining laws that assist ease of doing business.
Source: www.dailysabah.com