Pak-Turkey Ties

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The recent visit of Prime Minister Shehbaz Sharif to Turkey is meant exclusively to further cement the economic relations. The Prime Minister has invited the Turkish investors to invest in Pakistan in different development projects including the energy sector. Moreover, Turkey is a big market for exports as it is a gateway to European countries. Prime Minister Shehbaz Sharif will invite Turkish companies to take advantage of special economic zones in Pakistan, assuring full support and facilitation to Turkish investors. The present government having a pro-business back ground has the ability to devise certain policies to stabilize the economy of the country in an appropriate way. Pakistan and Turkey enjoy close political, economic, cultural and social relations over the years and the people of both the countries have deep sentiments of brotherhood for each other. akistan and Turkey have been enjoying friendly relations since long. Currently the trade volume between both the countries is around 1 billion dollars. In the past, Turkey imposed duties on our textile products that halted the trade to some extent. Now the Prime Minister Shehbaz Sharif has set a target of around 5 billion dollars trade volume to be achieved in the next three years. We are hopeful that leadership of both the countries will discuss the issues of duties and taxes to increase the trade volume. Turkey has great expertise in the construction sector and also has a great potential in the tourism sector as well. In the past, Pakistan granted visa-free entry to Turkish investors to attract maximum investment. In my opinion, both the countries must sign Free Trade Agreement to boost the trade volume.

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