Ankara, June 03, 2023
During the meetings, the Prime Minister outlined government’s vision to facilitate foreign direct investment and encouraged joint ventures. Their exchanges spanned around expanding trade and investment ties to maximize mutual gains from available opportunities in Pakistan and to enhance cooperation in key sectors of the economy through direct presence of Turkish enterprises and via joint ventures with Pakistani counterparts.
It may be recalled that after the signing of the historic Trade in Goods Agreement by the two countries in August last year, which became operational from 1st May 2023, new opportunities for trade of traditional and non-traditional products have emerged between the two countries. Therefore, for the effective utilization of these opportunities, the Prime Minister urged Turkish companies to invest in Pakistan, assuring them of complete facilitation and conducive business environment.
The Prime Minister also held separate meetings with select leading Turkish companies that have already invested in Pakistan, including Anadolu Group, Arcelik, Zorlu, Albayrak, Limak, Dolsar, Turkish Contractors Association and Pak Yetirim. During the meeting, the Prime Minister encouraged them to benefit from an investment-friendly environment and to expand their operations.
The Turkish companies briefed the Prime Minister on their existing and future plans for investment, while thanking the Prime Minister for facilitating their operations in Pakistan.
A considerable number of Turkish enterprises are already operating in Pakistan in various sectors and have contributed to the economic development of the country. Nevertheless, there are excellent opportunities for cooperation and collaboration in the areas of energy; especially hydro and solar, housing and construction, infrastructure, tourism and transportation.