Pak­istan, Turkey vow to deepen col­lab­o­ra­tion in the hous­ing sec­tor

The Pak Banker - - NATIONAL -

The Min­is­ter for Hous­ing, Ur­ban De­vel­op­ment & Pub­lic Health of the govern­ment of Pun­jab, Tan­veer As­lam Malik, while lead­ing a high-level del­e­ga­tion of se­nior govern­ment of­fi­cials and pri­vate sec­tor ex­ec­u­tives, met with Turk­ish Min­is­ter for En­vi­ron­ment and Ur­ban­iza­tion Ms. Fatma Güldemet SARI in Ankara on Wed­nes­day.

In a del­e­ga­tion-level talk, two sides held a de­tailed ex­change of views on mul­ti­ple di­men­sions of Pak­istan-Turkey re­la­tions and reaf­firmed the com­mit­ment of the top lead­er­ship to forge a strong bi­lat­eral eco­nomic part­ner­ship, com­men­su­rate with the ex­cel­lent political re­la­tion­ship.

Min­is­ter Tan­veer Malik re­called the visit of Pun­jab Chief Min­is­ter Muham­mad Shah­baz Sharif to Turkey in De­cem­ber 2015, dur­ing which he had met with Pres­i­dent Re­cep Tayyip Er­do­gan and Prime Min­is­ter Ah­met Davu­to­glu and had dis­cussed ways of fur­ther deep­en­ing trade, in­vest­ment and eco­nomic co­op­er­a­tion with Turkey.

Not­ing the on­go­ing projects in Pak­istan like Metro bus, solid waste man­age­ment and wind mill, Min­is­ter Malik stressed that Pak­istan was look­ing for­ward to Turk­ish in­vest­ment in a range of sec­tors - in­clud­ing en­ergy, in­fra­struc­ture de­vel­op­ment, agro-based in­dus­try, and mu­nic­i­pal ser­vices.

He also high­lighted the Pun­jab Govern­ment's spe­cial fo­cus on low-cost hous­ing and learn­ing from Turk­ish ex­pe­ri­ence in this con­text. Turk­ish Min­is­ter Fatma Güldemet SARI fully re­cip­ro­cated the de­sire for deep­en­ing and broad­en­ing the eco­nomic re­la­tion­ship be­tween Turkey and Pak­istan and af­firmed Turkey's readi­ness to share its ex­pe­ri­ence in ur­ban plan­ning, hous­ing, and other re­lated fields.

The Min­is­ter also high­lighted the ex­ten­sive work of the Hous­ing De­vel­op­ment Ad­min­is­tra­tion of Turkey (TOKI) in the hous­ing sec­tor in Turkey and added that the Turk­ish side would be glad to share the ac­cu­mu­lated knowl­edge and ex­pe­ri­ence, adapted to Pak­istan's en­vi­ron­ment and spe­cific re­quire­ments.

The Pun­jab del­e­ga­tion's visit is aimed at learn­ing from Turk­ish ex­pe­ri­ence in pro­vi­sion of low-cost hous­ing. It is in fol­low-up of the re­cent agree­ment reached be­tween the Govern­ment of Pun­jab and TOKI. Un­der the Mem­o­ran­dum of In­tent signed by the two sides, TOKI will pro­vide tech­ni­cal con­sul­tancy sup­port to the Pun­jab Govern­ment in its en­deav­ours to pro­vide 25,000 hous­ing units in 2016 and fur­ther 25,000 in 2017.

In this con­text, the Chief Min­is­ter dur­ing his visit to Turkey in De­cem­ber 2015 had also met with TOKI Pres­i­dent. In re­sponse to his re­quest, Pres­i­dent of TOKI vis­ited La­hore in early Jan­uary 2016 and reached the un­der­stand­ing for closer col­lab­o­ra­tion in the low- cost hous­ing ben­e­fit­ing from TOKI's fi­nan­cial, tech­ni­cal, man­age­rial and busi­ness model. The Pun­jab del­e­ga­tion will have de­tailed meet­ings with the Pres­i­dent and se­nior of­fi­cials of TOKI, be­sides vis­it­ing mass hous­ing projects and ur­ban re­newal de­vel­op­ment projects in Ankara and Istanbul.

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