KARACHI: Engineer Daroo Khan Achakzai, President of Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and Rahimberdy Jepbarov, Chairman of the Board of the State Bank for Foreign Economic Affairs of Turkmenistan on behalf of the Chamber of Commerce of Turkmenistan (CCI of Turkmenistan) signed a Memorandum of Understanding (MoU) to establish Pak-Turkmen joint business council.

The MoU was signed in the presence of Rashid Meredov, Foreign Minister of Turkmenistan and Makhdoom Shah Mehmood Qureshi, Federal Minister of Foreign Affairs, Pakistan in Ministry of Foreign Affairs, Islamabad.

The Joint Business Council will act as a settled working strategy between the national chambers of the two countries to assist the business circles of Turkmenistan and Pakistan to strengthen and enhance bilateral economic relations between both the countries in order to stimulate a two-way trade and investment flow within the frameworks of rules and legislations issued by the concerned authorities in both countries.

Under the umbrella of FPCCI and CCI of Turkmenistan, the JBC will work to encourage and support the business communities of both countries to hold exhibitions exchange trade delegations frequently for the promotion of trade and economic relations between two countries.