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Prime Minister Shehbaz aims for a fivefold increase trade with Turkey in 3 years

  • Emphasizes relentless efforts to turn summary, feasibility into action
  • PM welcomes prospects of Interaction of the ECO with the CAR

ISLAMABAD/ANKARA: Prime Minister Shehbaz Sharif on Saturday called on Turkey business community do our best to improve the meager trade of from 1 to 5 billion dollars in three years in accordance with the signed agreement with Turkey government.

Meeting speech of Pakistani Turkish Business Council in Istanbul on Prime Minister Shehbaz said on Saturday that Pakistan currently has meager trade volume of 1 billion dollars. He added that they signed a memorandum of understanding to improve it trade volume up to 5 billion dollars in in next three years. “Is not big problem in general,” he said, adding: “Let us resolve that we will do everything to achieve this goal in three years, actually double It.”

Prime Minister Muhammad Shehbaz Sharif speaks at a meeting of the Turkish-Pakistani Business Council in Istanbul.#PMShehbazInTurkiye rice.twitter.com/hMcbyWQO5q

— Prime Minister’s Office (@PakPMO) November 26, 2022

He added what a beautiful summary and opportunity made everything would be of no consequences, unless it is converted into action through hard work and tireless efforts.

Earlier, he said that the terrorists do not profess any religion and do not belong to any one country, as he expressed his condolences with Turkish people over recent terror attacks.

Turkey has become a victim of terrorist attacks like Pakistan,” he said, adding that Pakistan shares Turkish pain.

Prime Minister Muhammad Shehbaz Sharif held a meeting of the Turkish-Pakistani Business Council in Istanbul. #PMShehbazInTurkiye rice.twitter.com/ChGXxDdXn6

— Prime Minister’s Office (@PakPMO) November 26, 2022

Shehbaz said he was very pleased that the Turkish authorities were able to catch terrorists in the shortest possible time, which sends to everyone and everyone a very strong signal that the Turkish force fight this is menace cannot be taken lightly.

“We share your grief and share your pain, how pakistan suffered for many years on hand of these terrorists,” he said.

“How do we all know and agree that terrorists have no religion, they are not human and do not belong to anyone on our earth,” he said, adding: “They are terrorists, they are cruel and barbaric.”

In addition to considering the full spectrum of bilateral relations, President Erdogan and I discussed ways and means to achieve the goal of increase trade volume up to 5 billion dollars in 3 years. We swore ensure effective implementation of Trade in commodity agreement in in this respect.

— Shehbaz Sharif (@CMShehbaz) November 26, 2022

He called on all the peace-loving community act together against terrorists with great strength and effort. “Pakistan has made huge sacrifices fight this is menace and to a large extent they were defeated,” he said, adding that for this is hard fought for peace, they paid huge cost in the form of casualties on the part of the armed forces, including officers, sepoys, security officials, common man, doctors, mothers, children paid huge sacrifices to defeat them.

He remembered how he had wide conversations with Turkish President Recep Tayyip Erdogan on expansion and deepening of ties between the two peoples. In launch of third ship of the MILGEM Corvette class, PNS Khaibar on On Friday, Shehbaz said it was an opportunity to strengthen defense cooperation between the two countries. countries.

Then in tweet on Saturday, prime minister said in in addition to considering the full spectrum of bilateral relations, President Erdogan and he discussed ways and means to achieve the goal of increase trade volume up to 5 billion dollars in 3 years.

He wrote on his tweet handle is “we swore ensure effective implementation of Trade in commodity agreement in in this regard.”

Earlier, Prime Minister Shahbaz Sharif held a meeting with control of Zorlu in Istanbul on Saturday. Executive Director of Zorlu Holding Ömer Yungül, CEO of Zorlu Energy, Ibrahim Sinan Ak and Foreign Projects Director Evren Evchit attended in meeting.

Delegation of Zorlu, including Mr. Omer Yungul, General Manager of Zorlu Holdings and Mr. Ibrahim Sinan Ak, CEO of Zorlu Energy is called on Prime Minister Muhammad Shahbaz Sharif in Istanbul. #PMShehbazInTurkiye rice.twitter.com/7X92v51YDD

— Prime Minister’s Office (@PakPMO) November 26, 2022

Cooperation in discussed clean energy. The company has already invested in wind and solar energy in Pakistan.

Mr. Nail Olpak, DEIK President and CEO of Pak Group and Mr. Muhammad Esat Olpak, Board Member Pak Yatirim called on Prime Minister Muhammad Shahbaz Sharif in Istanbul. #PMShehbazInTurkiye rice.twitter.com/Hzccrr4LME

— Prime Minister’s Office (@PakPMO) November 26, 2022

Prime Minister Shahbaz Sharif also held separate meetings with Albayrak Group President, Ahmet Albayrak, DEIK President and CEO of Pak Group, Nile Allpak in Istanbul on Saturday.

Mr. Ahmet Albayrak, President of Albayrak Group, and Mr. Mesut Albayrak, Board Member of Albayrak called on Prime Minister Muhammad Shahbaz Sharif in Istanbul. #PMShehbazInTurkiye rice.twitter.com/BFlximAvAF

— Prime Minister’s Office (@PakPMO) November 26, 2022

On this occasion, the Istanbul company PAK YATIRIM showed interest. in investment in solar energy in Pakistan.

PM welcomes prospects of Interaction of the ECO with the CAR

Meanwhile, Prime Minister Muhammad Shahbaz Sharif on Saturday hailed vistas of extension of Economic Cooperation Organization (ECO) work with the landlocked republics of Central Asia (CAR) for study of broader economic and trade dividends of in region.

Conversation with the President of ECO Trade and Development Bank during the signing ceremony of financial aid to Pakistan prime minister welcomed prospects of inclusion of Cars in ECO.

Mr. Yalchin Yuksel, President of The ECO Trade and Development Bank (Economic Cooperation Organization) is called on Prime Minister Shehbaz Sharif in Istanbul.#PMShehbazInTurkiye rice.twitter.com/HVN7tRUfcp

— Prime Minister’s Office (@PakPMO) November 26, 2022

prime minister further hosting offered of ECO member countries summit including CAR with proper agenda after reaching consensus, which give a boost to economic activity and regional cooperation.

Prime Minister Shahbaz Sharif thanked the ECO Trade and Development Bank for loan of 150 million euros on soft terms government of Pakistan. The loan will help flood relief efforts, and be used as financial support for import of fuel.#PMShehbazInTurkiye rice.twitter.com/XZFCeyW5ph

— Prime Minister’s Office (@PakPMO) November 26, 2022

prime minister urged ECO to further exploit the potential of Central Asian countries who had a huge population and offering diverse potential of railroads and land network connection.

He said that development countries like Pakistan required foreign investment and CAR may be linked via Afghanistan, and these ties would expand economic relations between all regional countries.

He believed that the economic priority on the ECO agenda and beyond could provide additional opportunities for developing countries like Pakistan.

prime minister called this idea game changer”, adding that the port of Gwadar will serve as a hub for transportation of gas in world.

He believed that the connection of railways and roads would be shape regional landscape, through vision of three-way economic cooperation. countries rich with natural resources could export their goods through these links, he added. He also invited the President of bank visit Pakistan.

150 million euros financial assistance from the ECO Trade and Development Bank will also used for flood relief, he concluded.

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Sandra Loyd
Sandra Loyd
Sandra is the Reporter working for World Weekly News. She loves to learn about the latest news from all around the world and share it with our readers.

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