Pakistan, Turkey push for enhanced G2G, B2B trade ties

August 28, 2024 (MLN): Pakistan and Turkey have both emphasized the need to enhance their trade and investment portfolios through increased Government-to-Government (G2G) and Business-to-Business (B2B) arrangements.

According to a press release issued today, Mehmet Paçaci, the Ambassador of the Republic of Türkiye, paid a farewell courtesy call to the Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, at the Finance Division today.

The meeting underscored the deep-rooted and brotherly relations between Pakistan and Türkiye, founded on shared faith, history, and cultural affinities.

The Finance Minister expressed appreciation for the outgoing Ambassador’s contributions to strengthening bilateral relations and reiterated Pakistan’s commitment to continue deepening its partnership with Türkiye across various sectors, including trade, investment, technical cooperation, and more.

The Minister also highlighted the progress made during the recent visit of the Turkish trade delegation to Pakistan, led by Omer Bolat, Trade Minister of Turkiye, which helped in exploring new avenues for cooperation in sectors such as energy, agriculture, infrastructure, and technology.

Ambassador Paçaci, in his remarks, expressed gratitude for the cooperation and support extended by the Government of Pakistan during his tenure.

He also extended appreciation on behalf of the trade delegation of Turkiye and noted that these engagements would further solidify economic ties and help unlock the vast potential for bilateral trade and investment.

The meeting also highlighted the signing of the Trade in Goods Agreement 2022, as a significant step towards achieving the bilateral trade target of USD 5 billion.

In the end, the Minister extended his best wishes to Ambassador Paçaci in his future endeavors and expressed confidence in continued collaboration and enduring friendship between Pakistan and Türkiye.

The Ambassador also assured of Turkiye’s continued commitment to working towards the common goals of both nations.

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