Govt urges Turkish support for SEZ industry setup in Pakistan

By MG News | March 28, 2024 at 10:20 AM GMT+05:00

0:00

March 28, 2024 (MLN): The Federal Minister for Planning, Ahsan Iqbal on Wednesday urged the Turkish Ambassador on the idea of seeking Turkish assistance to set up an industry in Special Economic Zones (SEZs) for exporting items to Europe.

During the meeting, the Turkish Ambassador informed the Minister that the High-Level Strategic Cooperation Council (HLSCC) will soon hold its upcoming meeting between the two countries.

Pakistan and Turkiye have a long history of warm friendship and both countries have stood by each other during disasters, such as floods, earthquakes, etc.

The minister expressed that Pakistan appreciates the support extended by Turkiye to Pakistan during the floods of 2022.

Minister Iqbal also shared that Pakistan and Turkiye should explore areas where both countries can benefit from each other's strengths including joint production of export items to third countries as well as cultural cooperation in arts and media.

As labor costs in Pakistan are lower than those in Turkiye, such a joint venture will benefit both countries.

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