Pakistan and Turkiye reaffirmed their commitment to strengthening bilateral relations and enhancing trade volume during a meeting between Turkiye’s Trade Minister, Prof. Dr. Omer Bolat, and Pakistan’s Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, on Thursday.
Finance Minister Aurangzeb warmly welcomed Minister Bolat and his delegation, highlighting the historical and cultural ties between the two countries. He emphasized the potential for further economic collaboration and provided an update on Pakistan’s improving economic landscape, noting stable currency, increased foreign exchange reserves, and decreasing inflation rates.
Minister Aurangzeb also informed the Turkish delegation about Pakistan’s recent Staff Level Agreement with the IMF, which aims to ensure long-term stability. He outlined ongoing reforms in taxation, the energy sector, and state-owned enterprises. Additionally, he highlighted the role of the Special Investment Facilitation Council (SIFC) in attracting foreign direct investment by streamlining investment processes.
Minister Bolat expressed Turkiye’s commitment to enhancing bilateral ties, particularly in trade and investment. He identified sectors such as services, health, education, medicine, and fashion as key areas for potential investment. He also proposed increasing flight connectivity between Pakistan and Turkiye to facilitate economic exchange.
The meeting marked a significant step in deepening economic cooperation between the two nations, with both ministers expressing their dedication to fostering stronger bilateral ties.
