Turkish Cos invested US$2bln in Pakistan, more being encouraged: Eyyup Yildirim.

KARACHI -- Commercial Attache of the Republic of Turkey Eyyup Yildirim has said that several Turkish companies have invested around US$2 billion in numerous sectors of Pakistan's economy but this was not enough as there was a room for more Turkish investment through joint ventures particularly in the maritime, hospitality and other potential sectors. 'Dawlance, which was acquired by a Turkish company Arcelik, has alone made an investment of more than US$500 million while several other Turkish companies have also invested here and recently another Turkish Company has opened up its textile accessories unit in one of the Special Economic Zones in Pakistan where many benefits and incentives including tax holidays and all the required infrastructure are being provided', he said. 'We need to further increase Turkish investment so I always encourage Turkish private sector to undertake joint investments in Pakistan', Turkish Commercial Attache added while speaking at a meeting during his visit to the Karachi Chamber of Commerce and Industry (KCCI).

President KCCI Mohammed Tariq Yousuf, Senior Vice President Touseef Ahmed, Vice President Mohammad Haris Agar, Chairman Diplomatic Missions and Embassies Liaison Subcommittee Ziaul Arfeen and KCCI Managing Committee members were...