HomeNewsDevelopment DiplomacyPakistan and Turkey to boost business ties

Pakistan and Turkey to boost business ties


Ankara, 1 June 2022 (TDI): Prime Minister of Pakistan, Shehbaz Sharif attended the Foreign Economic Relations Board’s (DEIK) Pakistan-Turkey Business Council. Speaking at the summit, he encouraged Turkish investors to explore Pakistan’s various industries.

“Pakistan’s energy sector with its vast potential in hydel, thermal, coal, wind, and solar areas can prove ideal for the Turkish investors,” Sharif briefed a group of senior Turkish and Pakistani business people and investors.

“Given the growing energy needs and high global energy prices, Pakistan direly needs improvement in its energy sector. Pakistan could benefit from Turkey’s expertise in building and managing dams for water conservation,” he added.

“A number of leading Turkish investors have already made investments in Pakistan.” According to the Prime Minister, the Turkish investment in Pakistan will be a huge win for both countries.

In his remarks on Pakistan’s financial and trade potential, the Prime Minister underlined his focus on power, housing, textiles, infrastructure development, agro-based industries, and oil and gas areas in his remarks on Pakistan’s financial and trade potential.

He also mentioned that the Turkish textile businesses may look towards forming joint projects in the sector, particularly for intra-industry commerce and as partners in international markets. He also invited Turkish companies involved in the agro-industrial and dairy industries.

Briefing from the DEIK President and Business Council chairperson

DEIK President Nail Olpak and Chair of the Turkish-Pakistan Business Council Ahmet Cengiz Ozdemir presented the attending firms. They also updated Prime Minister Nawaz Sharif on Turkish investments in Pakistan at the outset.

Separate discussions with Turkish investors were also conducted by the Prime Minister. Regrettably, he claimed, a plot was created to discourage investment in Pakistan. In addition, he said that his government’s main aim was to help all investors by resolving their concerns.

Moreover, the delegation was particularly interested in energy and construction initiatives. Siyahkalem, a Turkish corporation led by Cengiz Ozdemir, expressed optimism in his government’s efforts to attract international investors to Pakistan.

Can Dincer, Arcelic’s Chief Commercial Officer, Zorlu Energy’s Chief Executive Officer, Albayrak President Ahmed Albayrak, and Hayat Kimya Vice President Ali Zaybuk were among the delegates.

They expressed a desire to increase the amount of investment in Pakistan.

Prime Minister Sharif in Turkey

The Prime Minister is in Ankara for a three-day official visit to meet with Turkish officials.

The Foreign Minister, Bilawal Bhutto Zardari, Defense Minister Khawaja Asif, Information Minister Marriyum Aurangzeb, Minister for Investment Board Chaudhry Salik Hussain, and special assistants to the prime minister, Tariq Fatemi, and Fahd Hussain, are among those accompanying him.

Meeting with the Turkish Foreign Minister

Prime Minister Sharif also met the Turkish Foreign Minister, Mevlüt Avusoglu, in Ankara. During the meeting, they talked about ways to improve their relationships with each other.

Furthermore, Sharif said Pakistan and Turkey have a strong relationship based on mutual trust and respect. This trust and respect has translated into strong economic ties.

Additionally, he said that Turkey has made rapid development under President Erdogan’s leadership. He called it a role model for other countries.

On the other hand, the Turkish Foreign Minister stated that the two nations have strong links. He expressed his government’s desire to strengthen relationships in a variety of areas.

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