Turkey plans increased investment, enhanced flight links with Pakistan

ISLAMABAD: Turkey’s Trade Minister Dr Omer Bolat recently met with Pakistan’s Finance Minister Muhammad Aurangzeb and a business delegation to discuss boosting economic relations between the two countries.

Dr Bolat proposed measures to increase investment from Turkish companies and recommended improving flight connectivity to foster greater economic exchange.

During the meeting, Finance Minister Aurangzeb highlighted the enduring, friendly relationship between Turkey and Pakistan, noting its potential for further economic development.

Dr Bolat emphasised the commitment of both Prime Minister Shehbaz Sharif and President Recep Tayyip Erdogan to strengthen bilateral ties, focusing on sectors such as services, health, education, medicine, and fashion for potential Turkish investment.

To support these goals, Dr Bolat suggested enhancing investor confidence and expanding flight routes between the nations.

In response, Senator Aurangzeb updated Dr Bolat on Pakistan’s positive economic indicators, including a stable currency, foreign exchange reserves over $9 billion, and declining inflation.

He also mentioned a recent agreement with the International Monetary Fund (IMF) aimed at ensuring long-term economic stability, alongside ongoing reforms in taxation, energy, and state-owned enterprises.

The Finance Minister highlighted the role of the Special Investment Facilitation Council (SIFC) in simplifying investment processes. He assured Dr Bolat of Pakistan’s commitment to easing business regulations to attract foreign investment.

Both ministers reaffirmed their dedication to strengthening economic and trade relations, marking a significant step towards closer cooperation between Pakistan and Turkey.

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