Pakistan and Turkey to Increase Trade Volume by $5 Billion

On his first visit to Pakistan during the new government’s tenure, Turkish President, Recep Tayyip Erdogan, has announced to increase trade volume between the two countries.

The current trade stands at $8 billion.

Addressing the Pakistan-Turkey Business and Investment Forum with Imran Khan in attendance, Erdogan said that they plan to increase the total trade volume by $5 billion in the next 5 years. The target for the first year is set at $1 billion, media reported earlier today.

We will open the door for new businesses. We want to increase the level of Pakistan and Turkey’s business ties to the level of our political relations.

Addressing the business community, PM Khan invited the Turkish business community to invest in Pakistan, highlighting a number of potential avenues such as agriculture, tourism, and mining.


ALSO READ

President Erdogan is Visiting Pakistan to Discuss Joining CPEC & TIR Agreement


Prior to the visit, there were speculations regarding the boost in bilateral ties between two brotherly nations.

“A number of agreements to boost trade relations are expected to be signed during the visit”, reported Turkish state newswire, Anadolu Agency before Erdogan embarked on a two-day visit to Pakistan.


What are your thoughts on the story? Let us know in the comments.

Feature Writer


The PSL 2020 is almost here! Want to know everything about it? Visit the pages below (Live stream will be available when the matches begin).
PSL Live Streaming PSL Points Table | 2020 PSL Teams PSL 2020 Schedule PSL 2020 Highlights PSL 2020 Statistics


>