Pakistan and Turkey have made significant progress toward achieving a $5 billion trade target, marking a major milestone in bolstering economic relations between the two nations. The Pakistani government, working closely with the Special Investment Facilitation Council (SIFC), has implemented a strategic plan to attract and streamline investments. The SIFC has played a pivotal role in simplifying business procedures for Turkish companies, earning widespread recognition for its efforts.
The two countries have committed to enhancing collaboration across various sectors, including tourism, education, information technology, infrastructure, and defense. A key focus of this partnership is the exchange of advanced technology, which is expected to drive innovation and growth in both economies.
Furthermore, under the Free Trade Agreement (FTA), Pakistan and Turkey have agreed to expand the scope of trade in goods. This move is anticipated to unlock new opportunities for bilateral trade and investment, fostering stronger economic ties and mutual prosperity.
