Pakistan, Turkiye reaffirm $5bn bilateral trade target

Pakistan and Turkiye reaffirmed their commitment to expanding economic cooperation, agreeing to fully leverage the potential of their strategic partnership to achieve a bilateral trade target of $5 billion while further strengthening the longstanding brotherly ties between the two countries.

The development came as Prime Minister Shehbaz Sharif met Turkish President Recep Tayyip Erdoğan in Istanbul on Saturday.

“Our discussions covered the full spectrum of the Pakistan–Turkiye Strategic Partnership, with particular focus on trade, investment, defence cooperation, energy, connectivity, technology, regional peace, and people-to-people exchanges,” PM Shehbaz wrote in a post on X.

“We reaffirmed our shared belief that dialogue, diplomacy, and mutual respect remain the only sustainable path to resolving disputes and preserving international peace and security. I thanked President Erdoğan for his warm hospitality.

“We also agreed to fully leverage the immense potential of our partnership to achieve our mutually agreed target of $5 billion in bilateral trade and to take the enduring bonds of brotherhood between Pakistan and Türkiye to even greater heights,” he said.

“Earlier today, I attended the Pakistan–Türkiye Business Conference, where I met distinguished representatives of Türkiye’s vibrant business community. Their optimism, innovation, and entrepreneurial spirit reinforced my conviction that the economic partnership between Pakistan and Türkiye is entering a new and exciting chapter under President Erdoğan’s visionary leadership,” PM shared.