With the support of SIFC, new progress has been made in investment and trade cooperation between Pakistan and Turkey.
With the support of Special Investment Facility Council (SIFC), the government has prepared a comprehensive strategy for investment promotion, under which practical steps are being taken to achieve the trade target of $ 5 billion between Pakistan and Turkey.
Under the plan, the two countries will promote further cooperation in tourism, education, IT, infrastructure and defense sectors, including modern technology transfer. Similarly, Pakistan and Turkey have also expressed their determination to increase exports through sports goods and surgical equipment and further strengthen trade cooperation.
Thanks to the shared history and culture, the two countries have expressed their desire to increase educational and fraternal ties through student exchange. At the same time, the two countries have also agreed to establish a “Brotherhood Council” for consultation and coordination on bilateral and global issues.
Pakistan and Turkey have also announced to expand the scope of trade in more goods between the two countries under the Free Trade Agreement.
It should be noted that Turkey is keen to join CPEC. This is why emphasis is being placed on regional integration and promotion of trade relations between the two countries. Pakistan and Turkey are committed to organizing trade exhibitions to promote trade. In this regard, Pakistani businessmen have been invited to explore business opportunities in Turkey.
Turkey has appreciated the key role of SIFC in facilitating the business process for Turkish companies in Pakistan.
Work is underway to revive the Islamabad-Istanbul freight train. Both countries are keen to strengthen trade relations. SIFC is paving the way for the promotion of foreign investment and economic development in the country by restoring the confidence of the international community.
Read more:https://timelinenews.com.pk/rightsizing-golden-handshake-plan-for-thousands-of-federal-employees/
