Symposium held to ascertain business activities between Turkey and Pakistan

LAHORE : Ambassador of Turkey to Pakistan Sadik Babur Girgin said on Monday that relations between Turkey and Pakistan were touching new heights and both countries always had excellent relations due to the brotherly feelings of their peoples towards each other.

Addressing a symposium on “Improving Economic Relations Between Turkey and Pakistan” jointly organized by Punjab Board of Investment and Trade (PBIT) and Economic Research Foundation (ERF) at a local hotel on Monday, he said that in recent years the effort had been to translate this into more concrete cooperation across all fields.

“We have set up with Pakistan the High Level Strategic Cooperation Council mechanism,” he added.

He said that annual meetings of the High Level Strategic Cooperation Council (HLSCC) brought the two prime ministers and relevant ministers together, in a joint Council of Ministers format, to steer bilateral relations.

Talking about economic relations, he said that there was a lot of room for improvement in this regard.

A major step would be the conclusion of the Free Trade Agreement talks that have started recently. This will pave the way in terms of legal basis of boosting our bilateral trade.

“Another field we were working on is our transport connectivity. We have been progressing in this and the air connections have tripled in the past two years”, he added.

Husnu Dilemre from the Turkish Ministry of Economy threw light on ongoing collaborations and future alliances between the both countries.

Punjab Board of Investment and Trade (CEO) Amena Cheema said that Pakistan has tremendous potential for investment and the present government committed to remove all hurdles to pave smooth way for business activities in the country.

She said that both countries were key partners in various projects and the projects not only include Metro Bus Project, Solid Waste Management but many others as well.

Executive Vice President Borsa Istanbul Dr Mustafa K. Yilmaz said that we have long way to go for establishing economic relationships adding that economy of both countries have potential.

PBIT Chairman Abdul Basit said that Pakistan and Turkey have unique relationship adding that Pakistan especially with CPEC getting more attractions from investors.

It is a time for investors to come and invest in Pakistan, he added. It is pertinent to mention here that the objective of the symposium was to ascertain business activities between Turkey and Pakistan.

The key recommendations included comprehensive free trade agreement between Pakistan and Turkey, private sector led initiatives to transform economic and commercial relations between Pakistan and Turkey and others.Syed Turab Hussain, Dr Metin Toprak and Dr Hafeez A. Pasha also spoke on the occasion.

Later, speakers also spoke on subjects like studies on the improvement of foreign investment and capital in Pakistan, future

of economic relations between Turkey and Pakistan, Role of Business Organizations in the development of Economic Relations, Preparation of investment projects within two countries barriers and possible solutions and panel discussion was also held.


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