Turkey, Pakistan eye $5 billion in bilateral trade

Turkey, Pakistan eye $5 billion in bilateral trade
Islamabad: Turkey and Pakistan expressed commitment to increasing bilateral trade volume to $5 billion during President Recep Tayyip Erdoğan’s visit to the country.

While addressing Pakistan-Turk Business Forum, Recep Tayyip Erdoğan announced to take Pak-Turkey bilateral trade volume to one billion dollars initially and then eventually to five billion dollars.

“I feel that Pakistan is my second home and I am feeling extremely happy to be in Pakistan. The Turkish companies want to invest in Pakistan. I am hopeful that meetings with Pakistani investors would turn out to be fruitful,” Turkish President said.

He further said that there is vast scope for increasing the current two way trade volume of 800 million dollars.

“We want the commercial ties between the two countries to the same level as political relations. We should not allow protectionism or trade walls between us,” he said.

Erdoğan further said that Turkey is one of the top economies of the world.

“We have dropped down our debt from 72 percent of GDP to 33 percent. We have also witnessed a massive increase in tourism resulting in huge revenue from the tourism sector,” he said.

Speaking on the occasion, Prime Minister Imran Khan said that Pakistan will start joint projects with Turkey.

“Tayyeb Erdogan is extremely famous in Pakistan. There are several business opportunities in Pakistan. I specifically invite Turkish business community to invest in different sectors of Pakistan especially tourism, agriculture and mining. Pakistan has a huge untapped potential in tourism sector.” he said.

Imran Khan said that Pakistan can greatly benefit from the Turkish experience of increasing revenue by promoting tourism.

 

“We want to learn from the experiences of Turkey in the fields of agriculture and mining,” he said.