During a vital diplomatic meeting, the Turkish Investors Meet PM was led by Dr. Omer Bolat, the Turkish Trade Minister. The conference in Islamabad was seen as a significant move in cementing Pakistan’s economic relations with Turkey. Prime Minister Sharif warmly welcomed the delegation while acknowledging deep-rooted brotherly ties between the two countries, which have persisted over centuries.
He said these historical and cultural links connecting Turkey and Pakistan were very special and extraordinary and fueled by mutual respect. The PM added, “The relation between us is not just a matter of state to state; it’s an age-old bond that knows no generation.
Growing Bilateral Trade Relations Turkish Investors Meet PM
The main focus of the talks was improving trade ties between them. Mr. Sharif pointed out the enormous potential for economic growth through cooperation while stating that although the current volume may look good enough, there is still room for growth. He recalled his recent talk with President Erdogan, during which they both agreed to work towards increasing the annual trade volume between Pakistan and Turkey by up to $5 billion.
“This ambitious target represents our strategic view about deepening economic linkages,” said Sharif, adding, “We will prioritize necessary steps to
reach this goal within the shortest time possible because we want both sides to benefit from the stronger partnership.” Such remarks from Pakistani leaders highlighted the need for joint efforts to achieve this goal.
Government Support for Turkish Investments
To facilitate investments from Turkey, Premier directed relevant Pakistani authorities towards giving all-round support needed by Turkish investors here – acco trading them, whatever it takes, including streamlining regulatory framework, providing incentives, es etc., to make Pakistan the most preferred destination for such businesses.” he stated “We are ready & willing at any given moment offer maximum assistance required ensure success of these enterprises” This commitment reflects broader Pakistani strategy aimed at attracting foreign direct investments as well spurring economic growth through international alliances.
Diplomatic Engagement and Future Prospects Turkish Investors Meet PM
Also, Mr. Sharif once again invited his counterpart from Ankara to visit Islamabad. He expressed hope that such a move would cement bilateral ties even further while boosting trade between the two nations.
Current Investments & Future Opportunities Turkish Investors Meet PM
Turkish Trade Minister Dr Omer Bolat briefed the meeting on the current situation vis-Ã -vis investments made so far by Turks into Pakistan’s economy, saying, “As we speak, there exist fifty-four (54) companies operating in various parts of the country which have cumulatively invested around three point five billion dollars ($3.5bn).” This shows how much the Turkish business commutes to the Pakistani market, demonstrating an increased appetite for investing here.
Moreover, Dr. Bolat also appreciated Pakistan’s political and economic stability as he regarded it as important for attracting more investments. He thanked the country for its support when the earthquake hit Turkeyquake in 2023, and they were also thankful to them for helping the Turkish people during those difficult times; the words of the Director of TIKA (Turkish Cooperation and Coordination Agency) can be paraphrased as follows: “The friendship between our countries has been strengthened by Pakistan’s prompt aid after the natural disaster.”.
Conclusion
Onwards to a more robust economic relationship! This meeting marks a significant advancement in Pak-Turk relations because it promises closer ties between economies. They have left this summit hopeful about their future together, setting joint targets requiring collaboration from both countries at all levels. Additionally, expect President Recep Tayyip Erdogan, who will likely further the cooperation rate between these two brotherly states.
