In a significant step towards strengthening bilateral relations, Pakistan and Turkiye have reaffirmed their mutual commitment to enhancing economic ties and expanding trade volumes.
This was emphasized during a high-level meeting held on Thursday between Turkish Trade Minister Prof. Dr. Omer Bolat and Pakistan’s Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb.
Federal Minister Aurangzeb warmly welcomed Minister Bolat and his delegation, highlighting the enduring historical and cultural connections that unite Pakistan and Turkiye.
He provided a comprehensive overview of Pakistan’s improving economic landscape, including a stable currency, foreign exchange reserves surpassing $9 billion, and a marked reduction in inflation rates.
These indicators, he noted, reflect the government’s commitment to fostering a conducive environment for investors by simplifying regulations and enhancing the ease of doing business.
Minister Bolat, in response, expressed appreciation for the progress Pakistan has made under the leadership of Prime Minister Shehbaz Sharif.
He reiterated the shared commitment of Prime Minister Sharif and President Recep Tayyip Erdogan to fortify bilateral relations, with a particular focus on boosting trade and investment between the two nations.
Bolat identified several key sectors for potential investment, including services, healthcare, education, pharmaceuticals, and fashion, highlighting these as areas of mutual interest that could drive future economic growth.
Additionally, Minister Bolat proposed strategic measures to facilitate investment by Turkish companies in Pakistan, aimed at building investor confidence and fostering long-term partnerships.
Among the suggestions was an increase in flight connectivity between the two countries, a move seen as vital to enhancing economic exchange and further integrating the two economies.
The meeting concluded on a positive note, with both sides expressing optimism about the future of Pakistan-Turkiye relations and their shared vision for a prosperous and collaborative economic partnership.
