Turkiye keen to boost bilateral trade with Pakistan up US$ 5 billion in next few years - Press Release issued by Islamabad Chamber of Commerce and Industry.

Islamabad -- November 21, 2022 (PPI-OT)

Following is the text of press release issued by Islamabad Chamber of Commerce and Industry (ICCI)

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Turkiye and Pakistan enjoy heart-to-heart relations and Turkiye is keen to boost bilateral trade with Pakistan at least up to US$ 5 billion in the next 2-3 years as the current volume of trade is not reflective of the actual potential of both countries. This was said by H.E. Dr. Mehmet Pacaci, Ambassador of Turkiye while addressing the business community during his visit to Islamabad Chamber of Commerce and Industry. Nurettin Demir, Commercial Counsellor of Turkiye was also present at the occasion.

The envoy said that he was assigned by his government to increase Turkiye-Pakistan bilateral trade to US$ 5 billion in 3 years as a first step and added that both countries have the potential to go beyond this target. He said that Turkiye wants to enhance cooperation with Pakistan in trade, industry, investment, education, health and other fields. He said that the entrepreneurs of both countries should know each other more and work hard to expand trade and economic relations while he assured that his Embassy would fully cooperate in such efforts.

Nurettin Demir, Commercial Counsellor of Turkiye gave a detailed presentation at the occasion about investment opportunities in Turkiye. Speaking at the occasion, Ahsan Zafar Bakhtawari, President, Islamabad Chamber of Commerce and Industry said that despite enjoying exemplary cordial relations. Pak-Turkiye bilateral trade is just around US$ 1.2 billion and stressed that both countries should promote strong business linkages between their private sectors to improve trade volume.

He said that Turkiye can invest in a number of sectors in Pakistan including engineering, chemicals, housing and construction, electrical appliances, machinery, defence, irrigation, food processing, halal meat, agricultural...

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