Bilateral Ties between Pak-Turk in Blue Economy Sector will touch new heights in 2020

News Image

MG News | February 14, 2020 at 04:02 PM GMT+05:00

February 14, 2020: Transport and Infrastructure Minister Cahit Turhan has emphasized on bilateral cooperation in the shipping sector whereby Pakistan can be assisted in shipyard operations by exchanging technology and experience.

Turkish delegation led by Transport and Infrastructure Minister Cahit Turhan and Federal Minister for Maritime Affairs Ali Zaidi accompanied by Secretary, Maritime Affairs Rizwan Ahmed, Additional Secretary Nadir Mumtaz Waraich and Joint Secretary Kamran Faroq Ansari held the first delegation-level meeting as a part of the historic visit of Turkish President Recep Tayyab Erdogan here in Islamabad.

Minister Cahit Turhan highlighted that Pakistani manpower will be given preferential opportunities in Turkish companies. Once agreed upon the details and other necessary protocols, bilateral MOUs will be signed to ensure expeditious implementation.

The Turkish side also showed interest in CPEC and expressed their support for infrastructure development of Pakistan. Pakistan and Turkey have a long history of relations whereby both countries have stood with each other through thick and thin.

Ali Zaidi disclosed the salient features of Pakistan's new shipping policy to the guests, which includes tax exemptions for the ships registered in Pakistan and preferential berthing rights.

He also invited Turkish companies to establish their industries in Export Processing Zones being established in the port cities of Karachi and Gawadar. Pakistan has a huge potential for the development of coastal cities and tourism industry and in a coming couple of years, some projects which have been in the planning will be launched that will altogether revolutionize the maritime sector of Pakistan.

Turkish minister was informed about the potential of Maritime EXPO being planned in Karachi later this year, he accepted the invitation to attend and agreed to invite the Turkish Companies to participate as well.

Pakistani side in cognizance of the issues faced by our seafarers requested the Turkish side to facilitate them and ease their VISA restrictions. Their employment on Turkish ships was also discussed as Pakistani seafarers have been lauded worldwide for their professionalism.

Press Release

Related News

Name Price/Vol %Chg/NChg
KSE100 178,123.57
311.88M
1.62%
2837.78
ALLSHR 107,920.53
732.98M
1.30%
1383.71
KSE30 53,163.60
110.63M
1.61%
842.62
KMI30 250,746.13
98.70M
1.61%
3970.51
KMIALLSHR 69,267.39
434.80M
1.31%
894.74
BKTi 50,530.39
33.26M
1.63%
812.16
OGTi 35,363.61
8.05M
0.68%
237.34
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 64,235.00 0.00
0.00
-150.00
-0.23%
BRENT CRUDE 84.91 86.25
83.83
-0.04
-0.05%
RICHARDS BAY COAL MONTHLY 105.75 0.00
0.00
-0.15
-0.14%
ROTTERDAM COAL MONTHLY 118.60 118.60
118.60
-0.95
-0.79%
USD RBD PALM OLEIN 1,135.00 1,135.00
1,135.00
0.00
0.00%
CRUDE OIL - WTI 79.58 80.87
78.58
-0.02
-0.03%
SUGAR #11 WORLD 14.41 14.86
14.37
-0.44
-2.96%

Chart of the Day


Latest News
July 16, 2026 at 11:58 PM GMT+05:00

SBP reserves fall $1.24bn to $17.23bn


July 16, 2026 at 11:49 PM GMT+05:00

SCRA balance rises by Rs637m to Rs27.93bn


July 16, 2026 at 06:11 PM GMT+05:00

Auto financing in Pakistan rise to Rs382bn in June



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg