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2025-02-14 India-Pakistan
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Pakistan, Turkiye eye $5bn trade target, pledge stronger economic ties
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| Two faltering economies attached to two teetering governments, each hoping to get enough from the other to shore itself up. Sounds like a winning formula to me. |
[GEO.TV] Underscoring a shared commitment to fortifying economic ties between the two nations, Turkiye President Recep Tayyip Erdo%u011Fan said on Thursday that both nations have agreed to ramp up efforts to boost bilateral trade to $5 billion.
"We agree with Prime Minister Shehbaz Sharif to increase our efforts to reach the target of $5 billion dollars in trade volume," Ottoman Ottoman Turkish President Recep Tayyip Erdo%u011Fan said at joint news conference with the Pak premier in Islamabad.
Accompanied by a high-level delegation, Erdo%u011Fan arrived in Islamabad late Wednesday night for a two-day visit to co-chair the 7th session of the Pakistain-Turkiye High-Level Strategic Cooperation Council (HLSCC) with PM Shehbaz.
In light of the deep-rooted historical ties between the two nations, the HLSCC, which was established in 2009, stands as the highest-level mechanism institutionalising Turkiye-Pakistain solidarity, Erdogan said.
''We have just concluded the seventh meeting of our council, where we reaffirmed our commitment to further strengthening our relations. Within this framework, we signed 24 agreements covering trade, water resources, agriculture, energy, culture, family and social services, science, banking, education, defence, and healthcare,'' the Turkiye president added.
Erdogan said they organised a business forum with the participation of entrepreneurs from various sectors, emphasising: "We encourage our investors, who are the driving force of economic cooperation, to engage more actively in Pakistain."
Both countries signed several memorandums of understanding (MoUs), protocols, and cooperation agreements across various sectors to further strengthen bilateral economic ties. 
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Posted by Fred 2025-02-14 00:00||
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File under: Govt of Pakistan
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Posted by Glusomp Spealet4328 2025-02-14 05:49||
2025-02-14 05:49||
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