Ankara, 2 June 2022 (TDI): Pakistan and Turkey signed a number of bilateral agreements and Memorandums of Understanding (MoU) aimed at enhancing cooperation in a number of areas of mutual interest.
These include collaboration in the fields of commerce, economics, communication, the environment, and housing. The signing of bilateral agreements took place on Wednesday.
The ceremony was observed by the Prime Minister of Pakistan, Shehbaz Sharif, and the President of Turkey, Recep Tayyip Erdogan.
On behalf of their respective governments, Foreign Minister Bilawal Bhutto Zardari and Minister of Commerce and Investment Syed Naveed Qamar, and their Turkish counterparts signed the documents.
— Government of Pakistan (@GovtofPakistan) June 1, 2022
Areas Covered under MoU
An MoU between the Turkish Presidency of Strategy and Budget and Pakistan’s Public-Private Partnership Authority was among the bilateral documents signed by the two nations.
Pakistan’s Ministry of Communications and Turkey’s Ministry of Transport and Infrastructure signed a Memorandum of Understanding on Highway Engineering.
Similarly, Turkey and Pakistan have issued a joint ministerial statement on the development of bilateral trade and economic relations. In addition, the Turkish Ministry of Treasury and Finance and Pakistan’s Ministry of Finance signed a Technical Cooperation Protocol.
Moreover, the Turkish Ministry of Treasury and Finance and the Pakistani Ministry of Economic Affairs also signed a protocol for working together on debt management.
An MoU on housing cooperation was signed between the Turkish Ministry of Environment, Urbanization, and Climate Change and NAYA Pakistan Housing and Development Authority (NAPHDA).
Also, the Governments of Turkey and Pakistan have established a framework for knowledge sharing. Lastly, Joint Ministerial Statement was made on the Development of Turkey-Pakistan Bilateral Trade and Economic Relations.
Pakistan and Turkey reaffirmed their commitment to enhancing their already strong bilateral ties by revitalizing bilateral cooperation in a variety of areas. Signing the MoU is a step in the right direction.