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ANKARA: Prime Minister Shehbaz Sharif Saturday invited Turkish businessmen to invest in Pakistan and establish strategic collaboration in sectors of energy, agriculture, information technology (IT), and construction.

The chief executives of select Turkish business groups called on the PM here, during his visit to Turkiye, at the invitation of President Recep Tayyip Erdogan.

During the meetings, the PM outlined the government’s vision to facilitate foreign direct investment and encouraged joint ventures. Their exchanges spanned around expanding trade and investment ties to maximize mutual gains from available opportunities in Pakistan and to enhance cooperation in key sectors of the economy through the direct presence of Turkish enterprises and via joint ventures with Pakistani counterparts.

It may be recalled that after the signing of the historic Trade in Goods Agreement by the two countries in August last year, which became operational on May 1, new opportunities for trade of traditional and non-traditional products have emerged between the two nations.

Therefore, for the effective utilization of these opportunities, the PM urged Turkish companies to invest in Pakistan, assuring them of complete facilitation and a conducive business environment.

PM Shehbaz arrives in Turkiye to attend Erdogan's swearing-in ceremony

The PM held separate meetings with leading Turkish companies that have already invested in Pakistan, including Anadolu Group, Arcelik, Zorlu, Albayrak, Limak, Dolsar, Turkish Contractors Association and Pak Yetirim.

During the meeting, the PM encouraged them to benefit from an investment-friendly environment and to expand their operations.

The Turkish companies briefed the PM on their existing and future plans for investment while thanking him for facilitating their operations in Pakistan.

A considerable number of Turkish enterprises are already operating in Pakistan in various sectors and have contributed to the economic development of the country. Nevertheless, there are excellent opportunities for further cooperation and collaboration in the areas of energy, especially hydro and solar, housing and construction, infrastructure, tourism, and transportation.

During a meeting with Sinan Ak of Zorlu Group, the two sides discussed projects regarding wind power and solar energy.

The PM welcomed the interest of the Zorlu Group in different fields including electronics and energy.

Ahmet Albayrak, Chairman Board of Directors of Al-Bayrak Group, during the meeting informed the PM about their interest in investment in affordable housing projects, solid waste management, generation of electricity from waste, and tractor industry. The PM hailed the projects of Al-Bayrak Group in Pakistan.

The delegation of the Turkish Contractors Association led by its President Erdal Eren during the meeting discussed with the PM the immense prospects of investment in the construction sector of Pakistan.

However, talking to a delegation of Anadolu Group comprising of CEO Coca Cola CCI, Karim Yahi, Coca Cola CCI Chief Strategy Office Atilla Yerlikaya and Coca Cola CCI Head of Public Policy Taylan Coban which called on him here, the PM invited the Turkish investors and businessmen to expand the investment in diverse areas of Pakistan.

The prime minister encouraged the Anadolu group for bringing investment in Pakistan and providing job opportunities to the people of Pakistan.

Moreover, Chairman Dolsar Engineering, Irfan Aker, called on the Prime Minister and discussed with him the progress of ongoing energy and construction sector projects in Pakistan.

Irfan Aker expressed keen interest to expand the investment of Dolsar Engineering in the country’s energy and construction sectors.

PM welcomed the Dolsar Engineering’s intention and assured the government’s full cooperation in this regard.

The prime minister is on a two-day official visit to Turkiye to attend the swearing in ceremony of President Recep Tayyip Erdogan.

Minister for Information and Broadcasting Marriyum Aurangzeb, Special Assistant to Prime Minister Tariq Fatimi and Pakistan Ambassador in Turkiye Dr Yousuf Junaid were present in the meetings. The prime minister is on a two-day official visit to Turkiye to attend the oath taking ceremony of President Recep Tayyip Erdogan.

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IMTIAZ CASSUM AGBOATWALA Jun 04, 2023 02:01pm
He better do a reality check on the home ground. Nothing works here. Basic infrastructure lacking, local people not motivated to work.
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Shahid Khan Jun 04, 2023 05:43pm
Dear Sir, Talented Pakistanis are leaving and why would a foreigner be interested here?
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AI Jun 04, 2023 06:31pm
What is left in Pakistan to attract foreign investments? Mr. Sharif, a lame duck PM, should instead lure his family to bring back looted $$ to Pakistan to help the exchequer.
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KhanRA Jun 05, 2023 12:34am
The fact that no one is investing has nothing to do with the notion that they are waiting for an invitation. Pakistan is not a desirable country to do business with. We are deeply intolerant, violent, and obsessed with religion to the point that we scare people away. This is our choice, this is how we want to be. But our decisions have consequences. India is smart because they put on a modern face - we could learn from them. Even our Muslim “brothers” prefer them over us!
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