Prime Minister Imran Khan has approved a detailed Plan of Action for Pak-Turkey Strategic Economic Framework on Monday.
The Plan of Action will be shared with the Turkish side for finalization and formal signing of the Strategic Economic Framework as early as possible.
During the presentation, Secretary Economic Affairs Division briefed the Prime Minister that the plan to forge greater bilateral cooperation between Pakistan and Turkey under the proposed SEF includes cooperation in agriculture, low-costing housing, tourism & culture, investment & industrial cooperation, auto industry, banking & finance, health and pharmaceuticals, transport & communication, education & vocational training, aviation, water resource development, energy & power, science & technology, information communication technology, development planning, postal services and implementation of small scale projects.
The two sides are also in contact to enhance cooperation in the textile sector in order to capitalize the potential of the two countries by developing infrastructure and exploring the possibility for undertaking joint ventures for value-added products for export to a third country.
The Prime Minister while expressing satisfaction over the steady progress towards finalizing Pak-Turkey Strategic Economic Framework appreciated the efforts of Minister for Finance and Secretary Economic Affairs Division for actively pursuing the SEF.
The relevant ministries were ordered to complete their spadework so that immediate implementation of SEF could be ensured as soon as it is signed.
During Prime Minister’s visit to Turkey in January 2019, the leadership of the two countries had decided to formulate a Strategic Economic Framework (SEF) to forge greater collaboration and enhance bilateral cooperation in all possible areas for the mutual benefit of the people of the two countries.
For the implementation of this vision, a draft SEF that was approved by the Prime Minister was shared with the Turkish government in February 2019 which was followed by a detailed response from the Turkish side during last month.