PM seeks Turkish investment in Pakistan

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ANKARA, Jun 3 (APP): Prime Minister Shehbaz Sharif Saturday invited Turkish businessmen to invest in Pakistan and establish strategic collaboration in sectors of energy, agriculture, information technology and construction.

The Chief Executives of select Turkish business Groups called on the prime minister here, during his visit to Turkiye, at the invitation of President Recep Tayyip Erdogan.

During the meetings, the Prime Minister outlined the government’s vision to facilitate foreign direct investment and encouraged joint ventures. Their exchanges spanned around expanding trade and investment ties to maximize mutual gains from available opportunities in Pakistan and to enhance cooperation in key sectors of the economy through direct presence of Turkish enterprises and via joint ventures with Pakistani counterparts.

It may be recalled that after the signing of the historic Trade in Goods Agreement by the two countries in August last year, which became operational from May 1, 2023, new opportunities for trade of traditional and non-traditional products have emerged between the two countries. Therefore, for the effective utilization of these opportunities, the Prime Minister urged Turkish companies to invest in Pakistan, assuring them of complete facilitation and conducive business environment.

The Prime Minister held separate meetings with leading Turkish companies that have already invested in Pakistan, including Anadolu Group, Arcelik, Zorlu, Albayrak, Limak, Dolsar, Turkish Contractors Association and Pak Yetirim. During the meeting, the Prime Minister encouraged them to benefit from an investment-friendly environment and to expand their operations.

The Turkish companies briefed the Prime Minister on their existing and future plans for investment, while thanking the Prime Minister for facilitating their operations in Pakistan.

A considerable number of Turkish enterprises are already operating in Pakistan in various sectors and have contributed to the economic development of the country. Nevertheless, there are excellent opportunities for cooperation and collaboration in the areas of energy; especially hydro and solar, housing and construction, infrastructure, tourism and transportation.

During meeting with Sinan Ak of Zorlu Group, the two sides discussed projects regarding wind power and solar energy.
The PM welcomed the interest of the Zorlu Group in different fields including electronics and energy.

Ahmet Albayrak, Chairman Board of Directors of Al-Bayrak Group during the meeting informed the PM about their interest in investment in affordable housing projects, solid waste management, generation of electricity from waste and tractor industry.
The PM appreciated the projects of Al-Bayrak Group in Pakistan.

PM seeks Turkish investment in Pakistan

The delegation of Turkish Contractors Association led by its President Erdal Eren during the meeting discussed with the PM, the immense prospects of investment in the construction sector of Pakistan.

PM seeks Turkish investment in Pakistan

Minister for Information and Broadcasting Marriyum Aurangzeb, Special Assistant to PM Tariq Fatimi and Pakistan’s ambassador to Turkey Dr Yousaf Junaid were present in the meetings.