Deputy Prime
Minister of
|
Minister of State/Chairman Board
of Investment Mr. Saleem H. Mandviwalla to this effect held meetings with the
Turkish leadership here in Ankara .
He was accompanied by Secretary Commerce Mr. Munir Qureshi, Ambassador of Pakistan to Turkey Mr. Muhammad Haroon Shaukat,
and Consul General Istanbul Dr. Yusuf Junaid.
They also discussed the
Istanbul-Islamabad cargo goods train (Gul Train) and agreed that running
such train on a regular basis will make it a viable project. They referred to
High Level Cooperation Council (HLCC) which is a highest level decision making
forum between the two countries in the economic field. HLCC was indeed a
milestone in the history Pakistan-Turkey relations and under this platform many agreements were signed in the economic and commercial field.
The Pakistani delegation also
held extensive discussions with Turkey ’s
Deputy Minister for Economy Mr. Mustafa Sever and his team. Mr. Sever informed
that currently Turkish companies have about US$365 million investment portfolio in Pakistan . Both the dignitaries noted that although
bilateral trade crossed the threshold of US$1 billion last year, but concerted
efforts are required to keep this momentum. They agreed that the signing of
proposed comprehensive PTA would address all issues including the textile
sector.
Mr. Mandviwala said he is personally in touch with the
Turkish companies who have investment projects in Pakistan
or who are planning to come and invest in Pakistan . He informed that he will
be meeting with many such investors in Istanbul .
Mr. Mandviwalla said Pakistan
will encourage investment in steel sector and invited steel manufacturers to
consider establishing world class steel plants in Pakistan .