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PM urges Turkish firms to relocate industries to Pakistan

By News Desk

May 20, 2024 05:04 PM


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Prime Minister Shehbaz Sharif Monday invited Turkish companies to further expand their investment portfolio in Pakistan, also urging them to consider relocating their industrial units to the country.

The prime minister, talking to Turkish Foreign Minister Hakan Fidan who called on him here, said that the current level of bilateral trade was not commensurate with the existing potential.

He emphasized undertaking concerted efforts to achieve the bilateral trade target of US$ 5 billion in the next three years as already agreed by the leadership of the two brotherly countries.

While underscoring the special bonds of brotherhood between Pakistan and Turkiye, the prime minister expressed satisfaction over the positive momentum in the bilateral relationship.

He reaffirmed Pakistan’s firm commitment to further expansion of bilateral cooperation, in all areas of mutual interest, including trade, investment, technology and defence. Regional and global developments, particularly the worsening humanitarian situation in Gaza were also discussed in the meeting.

Prime Minister Shehbaz appreciated President Erdogan’s staunch advocacy for a permanent ceasefire in Gaza and lasting peace in the Middle East. He stressed the urgency and importance of the realization of the two-state solution as the key to the attainment of durable peace in the Middle East.

The prime minister also reiterated his invitation to President Recep Tayyip Erdogan to undertake an early official visit to Pakistan for co-chairing with the Prime Minister the 7th meeting of the High-Level Strategic Cooperation Council.

Both sides reaffirmed their strong and abiding support for each other on the core issues of national interest.


News Desk


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