Pakistan-Turkey Aim for $5 Billion Trade Boost

Web DeskMay 20, 2024 09:53 PMbusiness
  • Deputy Prime Minister Dar emphasizes defense collaboration with Turkey
  • Turkish Foreign Minister Fidan stresses strategic importance of Pakistan
  • Both ministers advocate for peace in Gaza and strengthen bilateral ties
Pakistan-Turkey Aim for $5 Billion Trade BoostImage Credits: thefrontierpost
Pakistan and Turkey engage in discussions to boost bilateral trade, emphasizing defense collaboration and regional peace initiatives.

Pakistan and Turkey have recently engaged in discussions to enhance their bilateral trade relationship, with a target set at five billion dollars. The talks, led by Deputy Prime Minister and Foreign Minister Mohammad Ishaq Dar from Pakistan and Foreign Minister Hakan Fidan from Turkey, focused on strengthening economic ties between the two nations. The upcoming session of the Pakistan-Turkey High Level Strategic Cooperation Council will play a crucial role in reviewing current cooperation and expanding the strategic economic framework.

Deputy Prime Minister Dar highlighted the longstanding collaboration between Pakistan and Turkey in defense projects, emphasizing their joint efforts to protect territorial sovereignty and combat terrorism. He expressed appreciation for Turkey's continuous support for the people of Indian illegally occupied Jammu and Kashmir, while reiterating Pakistan's solidarity with the legitimate struggle of the Turkish Republic of Northern Cyprus.

Turkish Foreign Minister Fidan emphasized the strategic importance of Pakistan as an ally in promoting regional peace and stability. He underscored the deep historical ties that form the foundation of the strong friendship between Turkey and Pakistan, emphasizing their mutual assistance in counterterrorism initiatives.

Both ministers expressed shared concerns over the situation in Gaza, advocating for a lasting ceasefire and urgent humanitarian aid for the Palestinian population. They outlined a commitment to strengthen relations in various sectors such as trade, defense, investment, banking, and technology.

The discussions between Pakistan and Turkey signify a renewed commitment to enhancing their bilateral ties and fostering cooperation in multiple areas. The shared vision of both countries to boost trade and strategic partnerships reflects a positive step towards regional stability and economic growth. The ongoing collaboration between Pakistan and Turkey not only benefits the two nations but also contributes to broader efforts in promoting peace and prosperity in the region.

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