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PM urges Turkish firms to relocate industries to Pakistan

ISLAMABAD: PM Shehbaz Sharif on Monday (20th May, 2024) invited Turkish firms to further expand their investment portfolio in Pakistan, also urging them to consider relocating their industrial units to the country.

The prime minister, talking to Turkish Foreign Minister Hakan Fidan who called on him here, said that the current level of bilateral trade was not commensurate with the existing potential.

He emphasized to undertake concerted efforts for achieving the bilateral trade target of US$ 5 billion in the next three years as already agreed by the leadership of the two brotherly countries.

While underscoring the special bonds of brotherhood between Pakistan and Turkiye, the prime minister expressed satisfaction over the positive momentum in bilateral relationship.

He reaffirmed Pakistan’s firm commitment to further expansion of bilateral cooperation, in all areas of mutual interest, including trade, investment, technology and defense.

Regional and global developments, particularly the worsening humanitarian situation in Gaza were also discussed in the meeting.

Prime Minister Shehbaz appreciated President Erdogan’s staunch advocacy for a permanent ceasefire in Gaza and lasting peace in the Middle East.

He stressed the urgency and importance of the realization of the two-state solution as the key to attainment of durable peace in the Middle East.

The prime minister also reiterated his invitation to President Recep Tayyip Erdogan to undertake an early official visit to Pakistan for co-chairing with Prime Minister the 7th meeting of High Level Strategic Cooperation Council.

Both sides reaffirmed their strong and abiding support to each other on the core issues of national interest.

Radio Pakistan Adds: Pakistan and Türkiye have decided to take the volume of their bilateral trade to five billion dollars.   

The understanding came at delegation level talks between the two countries in Islamabad on Monday.

Deputy Prime Minister and Foreign Minister Mohammad Ishaq Dar represented the Pakistani delegation while the Turkish side was led by its Foreign Minister Hakan Fidan.

Later addressing a joint news conference along with the Turkish Foreign Minister, Ishaq Dar said the two countries are also planning to hold the next session of Pakistan Turkiye High Level Strategic Cooperation Council in the near future.

He said this Council meeting will carry out a comprehensive review of the ongoing cooperation as well as bilateral strategic economic framework.

The Deputy Prime Minister said there is also a history of Pakistan-Turkiye collaboration in defence related projects.

We are working on various joint ventures and continue to support each other to defend our territorial sovereignty and in the fight against terrorism.

He said the two countries have always supported each other on core issues and assisted during natural calamities.

Expressing his gratitude to Turkiye for its firm and consistent support to the oppressed people of Indian illegally occupied Jammu and Kashmir, Ishaq Dar said Pakistan will continue to support the legitimate struggle of the people of Turkish Republic of Northern Cyprus.

The Deputy Prime Minister said Pakistan and Turkiye are two countries but one nation. He said the heart to heart relationship between our two peoples exist prior to the establishment of Pakistan.  

In his remarks, the Turkish Foreign Minister said Pakistan is our strategic partner and our cooperation supports the regional peace and stability.

He said this is an unshakable friendship and brotherhood rooted in history. He said Turkiye stands by Pakistan in their fight against terrorism.

Describing his meeting with Foreign Minister Ishaq Dar as fruitful, the Turkish Foreign Minister said the two sides have taken a principle decision to strengthen their relations not only in trade, but also in defense, investment, banking, science and technology.

The two Foreign Ministers voiced serious concerns over the situation in Gaza. They called for a permanent ceasefire in Gaza and provision of humanitarian relief to the Palestinian people.

Newspakistan.tv/APP/Radio Pakistan

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