{"id":14966,"date":"2025-02-14T06:19:36","date_gmt":"2025-02-14T06:19:36","guid":{"rendered":"https:\/\/gsrra.com\/?p=14966"},"modified":"2025-02-14T06:19:37","modified_gmt":"2025-02-14T06:19:37","slug":"pakistan-turkiye-pledge-to-achieve-5bn-bilateral-trade-target","status":"publish","type":"post","link":"https:\/\/gsrra.com\/?p=14966","title":{"rendered":"Pakistan, Turkiye pledge to achieve $5bn bilateral trade target"},"content":{"rendered":"\n
\"Turkiye\u2019s
Turkiye\u2019s President Recep Tayyip Erdogan Is welcomed warmly with a guard of honour on Thursday morning upon his arrival at the Prime Minister House in Islamabad. \u2014 Photo via X\/@PakPMO<\/figcaption><\/figure>\n\n\n\n
\"Prime
Prime Minister Shehbaz Sharif and Turkish President Recep Tayyip Erdogan address the Pakistan-Turkiye Business Forum in Islamabad on February 13. \u2014 DawnNews<\/figcaption><\/figure>\n\n\n\n
\"Prime
Prime Minister Shehbaz Sharif and Turkiye\u2019s President Recep Tayyip Erdogan sign several agreements in various domains to strengthen bilateral relationships between Pakistan and Turkiye. \u2014 Photo via X\/@PTVNewsOfficial<\/figcaption><\/figure>\n\n\n\n
\"Turkiye\u2019s
Turkiye\u2019s President Recep Tayyip Erdogan Is welcomed warmly with a guard of honour on Thursday morning upon his arrival at the Prime Minister House in Islamabad. \u2014 Photo via X\/@PakPMO<\/figcaption><\/figure>\n\n\n\n
\"Turkiye\u2019s
Turkiye\u2019s President Recep Tayyip Erdogan is greeted by COAS Gen Asim Munir upon his arrival at the Prime Minister House in Islamabad. \u2014 DawnNewsTV<\/figcaption><\/figure>\n\n\n\n
\"Turkiye\u2019s
Turkiye\u2019s President Recep Tayyip Erdogan Is welcomed warmly with a guard of honour on Thursday morning upon his arrival at the Prime Minister House in Islamabad. \u2014 Photo via X\/@PakPMO<\/figcaption><\/figure>\n\n\n\n
\"Prime
Prime Minister Shehbaz Sharif and Turkish President Recep Tayyip Erdogan address the Pakistan-Turkiye Business Forum in Islamabad on February 13. \u2014 DawnNews<\/figcaption><\/figure>\n\n\n\n
\"Prime
Prime Minister Shehbaz Sharif and Turkiye\u2019s President Recep Tayyip Erdogan sign several agreements in various domains to strengthen bilateral relationships between Pakistan and Turkiye. \u2014 Photo via X\/@PTVNewsOfficial<\/figcaption><\/figure>\n\n\n\n
\"Turkiye\u2019s
Turkiye\u2019s President Recep Tayyip Erdogan Is welcomed warmly with a guard of honour on Thursday morning upon his arrival at the Prime Minister House in Islamabad. \u2014 Photo via X\/@PakPMO<\/figcaption><\/figure>\n\n\n\n
\"Turkiye\u2019s
Turkiye\u2019s President Recep Tayyip Erdogan is greeted by COAS Gen Asim Munir upon his arrival at the Prime Minister House in Islamabad. \u2014 DawnNewsTV<\/figcaption><\/figure>\n\n\n\n
\"Turkiye\u2019s
Turkiye\u2019s President Recep Tayyip Erdogan Is welcomed warmly with a guard of honour on Thursday morning upon his arrival at the Prime Minister House in Islamabad. \u2014 Photo via X\/@PakPMO<\/figcaption><\/figure>\n\n\n\n

Pakistan and Turkiye have pledged to continue efforts towards achieving a bilateral trade volume of $5 billion, Radio Pakistan<\/a><\/em> reported on Thursday.<\/p>\n\n\n\n

The Turkish president arrived<\/a> in Islamabad shortly after Thursday midnight and was received by the premier and President Asif Ali Zardari in Rawalpindi.<\/p>\n\n\n\n

Today, he was welcomed warmly with a guard of honour upon his arrival at the Prime Minister\u2019s House in Islamabad for talks with PM Shehbaz, state-run Radio Pakistan<\/em> reported<\/a>. A contingent of the armed forces presented a guard of honour to the visiting dignitary, with the national anthems of both countries also played.<\/p>\n\n\n\n

During a high-level meeting, the Turkish President said that both countries considered expanding the scope of their current goods trade agreement in the first stage, according to Radio Pakistan<\/em>.<\/p>\n\n\n\n

\u201cTurkish investors will be encouraged to engage more in Pakistan and develop flagship projects,\u201d Erdogan told reporters after the meeting. \u201cOur military dialogue and cooperation in the defence industry have grown our trade and investment relations exponentially.\u201d<\/p>\n\n\n\n

Erdogan said that both sides reaffirmed their determination to advance projects and potential areas of cooperation including procurement, sales and joint manufacturing.<\/p>\n\n\n\n

The Turkish president expressed confidence that the 24 agreements signed with Pakistan today will \u201cprove beneficial for the two countries and the region\u201d.<\/p>\n\n\n\n

Addressing the Pakistan-Turkiye Business Forum in Islamabad, the PM said that both nations had pledged to ensure bilateral trade worth $5bn. \u201cWe had committed that together, we will achieve a target of $5bn volume in bilateral trade, but unfortunately it is a long way to go,\u201d he said in his speech.<\/p>\n\n\n\n

\u201cToday we signed various MoUs and agreements but the more important point is that we need to convert them from paper to action. In that, I am fully committed to supporting all your efforts,\u201d PM Shehbaz said, addressing Pakistani and Turkish businesspeople.<\/p>\n\n\n\n

The prime minister sincerely apologised for any \u201cundue inconvenience\u201d experienced by Turkish investors, refusing to delve into details to avoid \u201cpolitical point scoring\u201d.<\/p>\n\n\n\n

\u201cSome of our Turkish businessmen who came to Pakistan with a great sense of commitment \u2026 did that investment and both sides benefitted, but at the end of the day, some were given undue inconvenience and we are extremely sorry for that. It should not have happened and it shall not happen ever again,\u201d Shehbaz pledged.<\/p>\n\n\n\n

\u201cI want to ensure my Turkish investors and businessmen that like in the past, or more than ever before, I will be there and my team will be there to facilitate you and assist you in investing, importing from and exporting to Pakistan,\u201d the PM continued. \u201cIn that respect, I will act as a CEO of Pakistan as far as Turkish businessmen are concerned.\u201d<\/p>\n\n\n\n

Earlier, Prime Minister Shehbaz Sharif and Turkish President Recep Tayyip Erdogan signed several agreements in various domains to strengthen bilateral relationships between their nations.<\/p>\n\n\n\n

Speaking after the agreements-signing ceremony, PM Shehbaz said, \u201cOn behalf of the people of Pakistan, my government and myself, would like to extend a heartfelt welcome to Pakistan, to your second home. It is wonderful to have you after five years.\u201d<\/p>\n\n\n\n

He continued: \u201cThe people of Pakistan are extremely happy today to see you along with your delegation, visiting your brotherly country.\u201d<\/p>\n\n\n\n

The prime minister thanked Turkiye for standing by Pakistan \u201cthrough thick and thin, during earthquakes and floods\u201d.<\/p>\n\n\n\n

\u201cYour visit to Pakistan today has given a new level to our brotherly relations,\u201d PM Shehbaz said.<\/p>\n\n\n\n

President Erdogan expressed his gratitude to PM Shehbaz for the warm welcome and said, \u201cIn the seventh session of our council, which we just concluded, we have agreed to further strengthen our relation.<\/p>\n\n\n\n

\u201cWithin the framework of this visit, we have signed a total of 24 agreements and MoUs (memoranda of understanding) in the fields of trade, water resources, agriculture, energy, culture, family, and social services, along with science, banking, education, defence, and health.\u201d<\/p>\n\n\n\n

He added: \u201cBefore the council meeting, my brother Shehbaz Sharif and I not only discussed our bilateral relations, but also regional and global developments, extensively.\u201d<\/p>\n\n\n\n

Erdogan was also greeted at the PM House by Chief of Army Staff (COAS) General Asim Munir, with both of them shaking hands. The Turkish president was also presented with a salute comprising various fighter jet formations, including three F-16 aircraft.<\/p>\n\n\n\n

Prior to that, the prime minister introduced<\/a> his cabinet members to the Turkish president, including Deputy PM and Foreign Minister Ishaq Dar, Finance Minister Muhammad Aurangzeb, Planning Minister Ahsan Iqbal, Law Minister Azam Nazeer Tarar, Education Minister Khalid Maqbool Siddiqui, Commerce Minister Jam Kamal Khan, Information Minister Attaullah Tarar, and Minister of State for IT Shaza Fatima Khawaja.<\/p>\n\n\n\n

Standing in the same queue were members of the visiting Turkish delegation, whom President Erdogan introduced to PM Shehbaz. Erdogan and the prime minister also planted a sapling at the PM House.<\/p>\n\n\n\n

\"\"\/<\/figure>\n\n\n\n

According to DawnNewsTV<\/em>, several cultural dance performances were organised as Erdogan\u2019s motorcade passed by Constitution Avenue in Islamabad, which has been adorned by flags of both countries and banners hailing the friendly ties between them.<\/p>\n\n\n\n

The government has also prepared a song<\/a> in praise of the Turkish president, which was aired on various TV channels following the welcome ceremony.<\/p>\n\n\n\n

Erdogan later met Zardari at the Presidency, reaffirming bilateral cooperation in fields including energy, trade and tourism.<\/p>\n\n\n\n

According to a statement issued by the President\u2019s Office, Zardari welcomed his Turkish counterpart and stressed the importance of Erdogan\u2019s visit and strengthening bilateral relations.<\/p>\n\n\n\n

\u201cPakistan has a conducive environment for investment,\u201d Zardari was quoted as saying in the statement. \u201cPakistan is keen on Turkish businesses to invest more in the Pakistani stock market and key sectors of the economy.\u201d<\/p>\n\n\n\n

The statement added that both presidents also discussed Syria and the crisis in Gaza during the meeting.<\/p>\n\n\n\n

\u201cI will continue to encourage Turkish companies to invest in Pakistan,\u201d Erdogan was quoted as saying, stressing the need to increase people-to-people contacts in order to \u201cpass on the Pak-Turkiye friendship to future generations\u201d.<\/p>\n\n\n\n

The visit marked the final leg of President Erdogan\u2019s overseas tour, which included stops in Malaysia and Indonesia.<\/p>\n\n\n\n

A Foreign Office statement<\/a> released earlier said that the visit of the Turkish president \u2014 accompanied by a high-level delegation, including ministers, senior officials, and corporate leaders \u2014 would last from Feb 12 to 13.<\/p>\n\n\n\n

Defence cooperation<\/a> remains a key pillar of Pakistan-Turkiye relations. According to the 2023 Stockholm International Peace Research Institute (SIPRI) report<\/a>, Turkiye is Pakistan\u2019s second-largest arms supplier, accounting for 11pc of its total arms imports.<\/p>\n\n\n\n

The defence partnership has grown significantly, with joint projects such as the Milgem warships<\/a>, aircraft modernisation, and drone acquisitions deepening military collaboration.<\/p>\n\n\n\n

Both countries have historically faced arms embargoes<\/a> from Western suppliers, prompting investments in indigenous defence production. Turkiye, now a major arms exporter, views Pakistan as a strategic partner for co-production and technology transfer.<\/p>\n\n\n\n

High-level military engagements, joint training programmes, and defence manufacturing agreements are expected to be key discussion points.<\/p>\n\n\n\n

Erdogan\u2019s visit comes amid Turkiye\u2019s expanding regional influence, particularly following the shifting geopolitical landscape in the Middle East after the fall of Syrian President Bashar al-Assad<\/a>.<\/p>\n\n\n\n

This transformation presents new strategic and economic opportunities for Pakistan, including potential collaboration in Syria\u2019s post-conflict reconstruction and counterterrorism efforts.<\/p>\n\n\n\n

Turkiye\u2019s strong advocacy for Muslim causes, particularly on Palestine<\/a> and Kashmir, aligns with Pakistan\u2019s foreign policy objectives. The two leaders are expected to discuss regional security concerns, the humanitarian crisis in Gaza, and broader political coordination in international forums.<\/p>\n\n\n\n

With both countries looking to expand their Strategic Economic Framework (SEF), the visit is expected to facilitate negotiations on digital trade and trade liberalisation, and further tariff concessions under the Trade in Goods Agreement (TGA).<\/p>\n\n\n\n

Per the FO statement, PM Shehbaz and President Erdogan would also co-chair the 7th session of the Pakistan-Turkiye High-Level Strategic Cooperation Council (HLSCC) session. The council\u2019s last session was held in Islamabad on Feb 13-14, 2020.<\/p>\n\n\n\n

Reference Link:- https:\/\/www.dawn.com\/news\/1891671<\/a><\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Pakistan and Turkiye have pledged to continue efforts towards achieving a bilateral trade volume of $5 billion, Radio Pakistan reported on Thursday. The Turkish president arrived in Islamabad shortly after Thursday midnight and was received by the premier and President Asif Ali Zardari in Rawalpindi. Today, he was welcomed warmly with a guard of honour upon his arrival at […]<\/p>\n","protected":false},"author":1,"featured_media":14967,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[2],"tags":[132,105,36,12584,12585,12587,3285,1005,12588],"class_list":["post-14966","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sample-category","tag-economy","tag-geopolitics-2","tag-pakistan","tag-president-of-turkey","tag-president-of-turkey-visited-pakistan","tag-trade-to-enhance-upto-us-dollars-5-blns","tag-traditional-friendship","tag-turkey","tag-turkiye-pledge-to-achieve-5bn-bilateral-trade-target"],"jetpack_publicize_connections":[],"_links":{"self":[{"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/posts\/14966","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gsrra.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14966"}],"version-history":[{"count":1,"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/posts\/14966\/revisions"}],"predecessor-version":[{"id":14968,"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/posts\/14966\/revisions\/14968"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/media\/14967"}],"wp:attachment":[{"href":"https:\/\/gsrra.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14966"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gsrra.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14966"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gsrra.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14966"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}