Tur­key seeks en­hanced trade with Pak­istan: Ruhi Deniz

The Pak Banker - - Front Page -

IS­LAM­ABAD

Turk­ish Com­mer­cial Con­sel­lor Ruhi Deniz has said that Tur­key has vast ex­pe­ri­ence of ex­ploit­ing hy­dro and other en­ergy sources, both the coun­tries could co­op­er­ate in this area on pri­or­ity ba­sis.

Ruhi Deniz on Fri­day vis­ited Is­lam­abad Cham­ber of Com­merce and In­dus­try (ICCI) to dis­cuss ways and means to ex­plore and cre­ate joint ven­ture op­por­tu­ni­ties be­tween the two coun­tries.

He said that the Turk­ish in­vestors were well aware of the fact that there were am­ple op­por­tu­ni­ties avail­able to them in var­i­ous sec­tors of econ­omy. He said that both the coun­tries have mar­velous un­tapped busi­ness po­ten­tial that needs to be re­al­ized by max­i­miz­ing the in­volve­ment of pri­vate sec­tors of the two coun­tries.

He also called for more fre­quent ex­change of busi­ness del­e­ga­tions so that the two sides could have first-hand knowl­edge of the avail­able op­por­tu­ni­ties in Pak­istan and Tur­key.

Speak­ing on the oc­ca­sion, Za­far Bakhtawari, Pres­i­dent ICCI said that Pak­istan and Tur­key have his­toric brotherly re­la­tions, thus both the coun­tries should fur­ther strengthen the mu­tual trade re­la­tions by pro­mot­ing busi­ness re­la­tions.

ICCI Pres­i­dent ex­pressed that it is the need of the hour to ex­plore the pos­si­bil­ity of joint ven­tures be­tween Tur­key and Pak­istan. He said that there are tremen­dous chances of col­lab­o­ra­tion be­tween Tur­key and Pak­istan for man­u­fac­tur­ing of textile ma­chin­ery in Pak­istan.

He said that we can strengthen our econ­omy by adopt­ing the de­vel­op­ment and progress of Tur­key as a model in nu­mer­ous sec­tors es­pe­cially en­ergy as en­ergy is an im­por­tant is­sue for Pak­istan's eco­nomic growth.

Bakhtawari said that many Turk­ish com­pa­nies made in­vest­ment in Pak­istan in var­i­ous sec­tors like en­ergy and chem­i­cal and we are look­ing for oth­ers Turk­ish com­pa­nies to in­vest in oth­ers fields as score of in­cen­tives are be­ing pro­vided by the gov­ern­ment to the in­vestors. He said all Mus­lim coun­tries should fur­ther pro­mote and strengthen their eco­nomic ties and co­op­er­a­tion for ex­ploit­ing the ex­ist­ing po­ten­tial and en­sur­ing max­i­mum pos­si­ble trade ex­change. ICCI Pres­i­dent also stressed the need for fur­ther co­op­er­a­tion by the Turk­ish Air Line to make pos­si­ble foe Pak­istan to have di­rect air link with var­i­ous coun­tries like Azer­bai­jan, thus, by mak­ing a flight to Is­lam­abad via Baku (Azer­bai­jan) would cre­ate a di­rect link be­tween Azer­bai­jan and Pak­istan as well.

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