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Pakistan, Turkiye committed to take bilateral trade to $5b in three years: PM
June 11, 2023

Prime Minister Shehbaz Sharif says Pakistan and Turkiye have resolved to enhance bilateral trade to five billion dollars in coming three years.

He stated this in an exclusive interview with Turkish media outlet Haber-Global given during his recent visit to Turkiye.

The Prime Minister urged Turkish investors to invest in Pakistan the fields of solar and hydel energy, as Turkiye has huge experience in these fields. He said projects like Diamer-Bhasha dam have a great scope for co-investment.

Shehbaz Sharif assured all possible facilitation to the Turkish businessmen who want to invest in Pakistan.

The Prime Minister said the rail-road network in Pakistan, Iran and Turkiye can play an important role in reducing transportation cost on goods to promote trade and economic activities among the three countries.

He expressed the desire to make this network modern and more efficient.

Shehbaz Sharif said Pakistan can offer skilled and comparatively cheaper labour for Turkish companies and it will be a win-win situation for both countries. He said it will open new opportunities for joint collaboration and joint ventures.

Answering a question, the Prime Minister said Pakistan and Turkiye have a strong strategic partnership and Islamabad has entered into joint venture with Turkish shipbuilding companies.

He said a part of this project is being undertaken in Turkiye, while the rest is being built in Karachi Shipyard.

The Prime Minister lauded Turkiye for its unconditional support to Pakistan on the issue of Kashmir.

He said we are really grateful to President Recep Tayyip Erdogan and the people of Turkiye for supporting the people of Kashmir, who have gone through very difficult times in the face of Indian atrocities.

Shehbaz Sharif said territorial integrity and sovereignty of Turkiye is very important to Pakistan and vice versa.

He said the world has to understand the situation in Kashmir and it must play its role in resolving the Kashmir dispute as per the UN Security Council resolutions.