Time to implement Pakistan-Turkiye agreements: PM

February 13, 2025 (MLN): Pakistan and Turkiye have signed various Memorandums of Understanding (MoUs) and agreements, but now we must convert them from paper to action, stated Prime Minister Muhammad Shehbaz Sharif while addressing the Pakistan-Turkiye Business Forum in Islamabad.

He reaffirmed the commitment of both countries to achieving a bilateral trade target of five billion dollars, emphasizing the need for practical implementation of agreements to enhance economic cooperation.

The Prime Minister extended an invitation to Turkish businessmen and investors to explore opportunities in Pakistan’s diverse sectors.

He assured full government support at both B2B and G2G levels, pledging facilitation for Turkish investors, entrepreneurs, and businesses, according to the press release issued today.

Stressing the deep-rooted ties between the two nations, he described Pakistan as a second home for Turkish investors, reaffirming their historic brotherhood that dates back to pre-partition times.

Shehbaz Sharif also lauded President Recep Tayyip Erdogan, calling him a great leader not only for Turkiye but for the entire Islamic world.

He highlighted Erdogan’s strong voice for the oppressed people of Gaza, Palestine, and Kashmir, expressing pride in his leadership.

Addressing the Business Forum, President Recep Tayyip Erdogan emphasized the need to improve joint trade connectivity through enhanced rail and road transport.

He invited Pakistani companies to invest in Turkiye’s various sectors, highlighting the increasing bilateral trade volume, which saw a 30% rise in 2024, reaching 1.4bn dollars.

Erdogan expressed optimism that extending the scope of the existing trade agreement would contribute to stable and balanced trade growth.

He praised Pakistan’s strategic position, fertile lands, and dynamic population, recognizing it as a strong candidate for becoming a major global economy.

He also noted that over fifty Turkish public and private companies are already operating in Pakistan.

Reflecting on the 2023 earthquake in Turkiye, President Erdogan expressed gratitude for Pakistan’s unwavering support, prayers, and solidarity during the crisis.

He reaffirmed Turkiye’s commitment to standing by Pakistan in every challenging time, further cementing the enduring brotherhood and cooperation between the two nations.

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