Turkish investors invited to explore JVs in Pakistan

ISLAMABAD: Muhammad Ahmed Waheed, President Islamabad Chamber of Commerce & Industry, along with Umair Abdul Nasir, member ICCI, visited Turkey and met with Ismail Ustaoglu, Governor, ministers and members of business community of Trabzon Province of Turkey.

Muhammad Ahmed Waheed briefed the Turkish side about investment potential in Pakistan including Gwadar Port and other sectors of economy. He is in Turkey to participate in the 4th International Silk Road Businessmen Summit being held in Trabzon.

Muhammad Ahmed Waheed said that Pakistan and Turkey enjoyed historical friendly relations that should be translated into growing trade and economic relations between the two countries. He said that Pakistan and Turkey have been negotiating a Free Trade Agreement for the last many years which was very important for both countries.

He hoped that finalization of FTA would give boost to two-way trade volume between the two countries. He also discussed many potential areas of mutual cooperation between Pakistan and Turkey and emphasized that both countries should focus on further enhancing trade and economic relations to realize mutually beneficial results. He invited Turkish businessmen to visit Pakistan and explore JVs and investment in areas of interest and assured that ICCI would fully cooperate in connecting them with right partners.

Speaking at the occasion, Ismail Ustaoglu, Governor of Trabzon Province of Turkey thanked ICCI President for informing them about investment opportunities in Pakistan and desired that both countries should focus on developing strong business linkages between private sectors to explore all untapped areas of bilateral cooperation.