Turkiye, Pakistan to further enhance bilateral trade, investment relations

The Turkish Ambassador to Pakistan, Dr. Mehmet Pacaci, called on Minister for Finance & Revenue, Mr. Muhammad Aurangzeb, at the Finance Division on Wednesday, to discuss matters of mutual interest and further strengthening the bilateral relations between Pakistan and Turkiye.

Ambassador of Turkiye, Mehmet Pacaci, extended felicitations to Muhammad Aurangzeb upon his appointment as Minister for Finance and Revenue and expressed confidence towards further strengthening of economic ties between the two countries.

Highlighting the excellent political and social relations between the two countries, Minister Aurangzeb emphasized the necessity of translating these relations into robust economic and commercial collaboration to their full potential.

He welcomed the signing of the Trade in Goods Agreement/Preferential Trade Agreement (PTA) on 12 August 2022, as a positive step towards achieving the bilateral trade target of USD 5 billion in the medium term.

The Minister also apprised the Turkish Ambassador of the recently established Special Investment Facilitation Council (SIFC) in Pakistan, aimed at attracting investments from friendly countries in various sectors, such as defense, agriculture, mines and minerals, energy, and the IT industry. He further emphasized the need to actively work on enhancing trade and investment portfolios through Government-to-Government (G2G) and Business to Business (B2B) arrangements in mutually agreed areas of interest.