Pakistan, Turkiye reiterate resolve to expand trade volume

Pakistan and Turkiye have reiterated the dedication to strengthening bilateral relations and expanding trade volume. The commitment was expressed by Finance Minister Senator Muhammad Aurangzeb and Trade Minister of Turkiye Dr. Omer Bolat during their meeting in Islamabad today. The Finance Minister warmly welcomed Omer Bolat and his delegation and emphasized the robust and longstanding brotherly relationship between the two nations, which has potential for further bilateral economic and trade development. Omer Bolat highlighted the shared commitment of Prime Minister Shehbaz Sharif and President Erdo?an to strengthen bilateral ties, with a particular focus on increasing trade and investment. He identified key sectors for potential investment, including services, health, education, medicine, and fashion. The Trade Minister also proposed measures to facilitate investment for Turkish companies to enhance investor confidence and recommended increasing flight connectivity between Pakistan and Trkiye to suppor t greater economic exchange. Senator Aurangzeb acknowledged the significance of historical and cultural ties between Pakistan and Trkiye and provided an update on Pakistan's improving economic indicators. He informed Omer Bolat of a recent Staff Level Agreement with the International Monetary Fund, aimed at ensuring long-term stability and outlined ongoing reforms in taxation, energy sector and state-owned enterprises. The Finance Minister also highlighted the role of the Special Investment Facilitation Council in streamlining investment processes and attracting foreign direct investment. Senator Aurangzeb assured Minister Bolat of the Pakistani government's commitment to supporting investors by streamlining regulations which support ease of doing business. Omer Bolat expressed gratitude for the support and constructive dialogue. The meeting marked a significant step toward deepening economic ties and fostering closer cooperation between Pakistan and Turkiye. Source: Radio Pakistan