ISLAMABAD, Aug 08 : Pakistan and Turkiye here on Thursday reiterated their dedication to strengthening bilateral relations and expanding trade volume between the two countries.
The reiteration was made during a call on meeting of Trade Minister of Turkiye Prof. Dr. Omer Bolat along with Turkish delegation with the Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb here, according to press release issued by finance ministry.
– –
The Finance Minister warmly welcomed Minister 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.
He acknowledged the significance of historical and cultural ties between Pakistan and Türkiye and provided an update on Pakistan’s improving economic fundamentals, including a stable currency, foreign exchange reserves exceeding $9 billion, and declining inflation rates.
He informed Minister Bolat of a recent Staff Level Agreement with the International Monetary Fund (IMF), aimed at ensuring long-term stability and outlined ongoing reforms in taxation, energy sector and state-owned enterprises.
The minister also highlighted the role of the Special Investment Facilitation Council (SIFC) in streamlining investment processes and attracting foreign direct investment.
He assured Minister Bolat of the Pakistani government’s commitment to supporting investors by streamlining regulations which support ease of doing business.
On the occasion, Minister Bolat highlighted the shared commitment of Prime Minister Shehbaz Sharif and President Erdoğan 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 statement added.
He also proposed measures to facilitate investment for Turkish companies to enhance investor confidence and recommended increasing flight connectivity between Pakistan and Türkiye to support greater economic exchange.
Minister Bolat expressed gratitude for the support and constructive dialogue, the press release said adding the meeting marked a significant step toward deepening economic ties and fostering closer cooperation between Pakistan and Turkiye.
Follow the PNI Facebook page for the latest news and updates.
