Pakistan’s investment potential highlighted to leading Turkish businessmen

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ISLAMABAD, Dec 17 (APP): Consulate General of Pakistan in Istanbul and Istanbul Chamber of Industry organized a seminar on “Pakistan Country Day” to apprise Turkish businessmen about the trade and investment potential existing between Turkey and Pakistan.
Around 200 businessmen belonging to medium and large size enterprises attended the event, a press release received here
Saturday said.
In his opening speech, the President of Istanbul Chamber of Industry Erdal Bahçivan stressed upon the need of increasing bilateral trade between the two countries and stated that Pakistan was a very good destination for Turkish investment.
Describing President Recep Tayyip Erdogan’s recent visit to Pakistan as a welcome development, Bahçivan said Pakistan had shown an economic growth above the world average.
He also referred to over US$50 billion investments between 2015 2030 in the framework of the China Pakistan Economic Corridor and said this economic revival in Pakistan would have a positive impact on the whole region.
Consul General of Pakistan Dr. Yousaf Junaid in his speech said Turkey and Pakistan were not just friendly but brotherly countries.
In his presentation, he outlined the vast opportunities that exist both in trade as well as in investment areas.
He also explained in detail about the efforts made by Prime Minister Nawaz Sharif to stabilize the economy and tabulated actions undertaken by his government for development, particularly in energy, infrastructure, fiscal discipline and law and order situation.
During the presentation, Dr. Junaid also delved upon the need
of a broad based Free Trade Agreement (FTA) between two countries and stated that textiles sector was of utmost importance to Pakistan.
Deputy Undersecretary, Ministry of Economy Hüsnü Dilemre, in his speech emphasized upon the importance of the FTA and stated that a broad based, all the encompassing FTA would be of great benefit to the both countries, as it would cover both goods as well as services.
In the last session, the top representatives of the Turkish companies operating in Pakistan shared their experiences regarding operations in Pakistan.
These companies namely Coca Cola Icecek, Arçelik A.S., STFA Insaat, Zorlu Enerji, Albayrak Holding, and Ontex were all of the opinion that Pakistan was a leading emerging economy, extremely friendly to Turkish Businessmen and was highly conducive to Turkish investment, thereby, they sent a very positive message to all the attendees with regard to making investments in Pakistan and increasing bilateral trade.