Türkiye and Pakistan must flip their long-standing brotherly ties into more potent financial cooperation, Turkish Vice President Cevdet Yilmaz mentioned Saturday.
Talking on the Türkiye-Pakistan Trade and Funding Discussion board in Istanbul along Pakistani High Minister Shehbaz Sharif, Yilmaz mentioned the friendship between the 2 international locations has at all times been constructed on “strong emotional bonds.”
“Now we must make this friendship equally strong in trade, investment, technology and production,” he mentioned.
Yilmaz mentioned the 2 international locations goal to lift bilateral industry quantity to $5 billion, a goal agreed by means of Turkish President Recep Tayyip Erdogan and Sharif.
He famous that present industry, at round $1.2 billion closing 12 months, stays underneath possible, and that the $5 billion goal must be observed as “modest” and raised additional.
Yilmaz mentioned Turkish direct investments in Pakistan have exceeded $2 billion, whilst Turkish contractors have finished 74 initiatives price about $3.5 billion within the nation.
He mentioned Ankara and Islamabad may additional extend cooperation in spaces together with car, agriculture applied sciences, meals processing, clinical gadgets, renewable power, knowledge applied sciences, e-commerce, protection trade, shipbuilding, tourism, and movie and tv manufacturing.
Yilmaz additionally welcomed an offer to allocate a different zone for Turkish buyers within the Karachi Business Park, pronouncing it would upload a “new strategic dimension” to the commercial partnership.
Sharif, for his section, mentioned Türkiye is one among Pakistan’s “most loyal allies” and praised Ankara’s enhance for Islamabad.
He referred to as for the information mentioned on the discussion board to be changed into concrete effects, pronouncing the 2 international locations must transfer temporarily to turn into their friendship into deeper financial cooperation.
The discussion board used to be additionally attended by means of Turkish Business and Era Minister Mehmet Fatih Kacir, Industry Minister Omer Bolat, Power and Herbal Sources Minister Alparslan Bayraktar, Pakistani ministers, and trade representatives from each international locations.
