PRESIDENT KOC GROUP TURKEY CALLS ON THE PRIME MINISTER OF PAKISTAN

Islamabad: August 25, 2016:  Mr. Fatih Kemal Ebiclioglu, President KOC Group Turkey along with delegation called on Prime Minister Muhammad Nawaz Sharif at PM House today.

Ambassador of Turkey to Pakistan Mr. Babur Girgin was also present during the meeting.

Welcoming the delegation, the Prime Minister said that the government and people of Pakistan attach great importance to relationship with Turkey. Pakistan and Turkey share common perceptions on all regional and international issues, added the Prime Minister.

Prime Minister Muhammad Nawaz Sharif appreciated the initiative of the KOC Group to enter into the Pakistani market by acquiring Dawlance, a premium home appliances company of Pakistan. Pakistan’s outlook for attracting Foreign Direct Investment is continuously improving, the Prime Minister said. Improvement in security situation has enhanced Pakistan’s position as an attractive destination for Foreign Direct Investment in the last three years, the Prime Minister expressed with satisfaction.

Appreciating the current Foreign Direct Investment from Turkey to Pakistan in energy, infrastructure, construction and services sectors, the Prime Minister expressed hope for substantial increase in investment from Turkish companies in future.

Our Investment Policy has been designed to provide a comprehensive framework for creating a conducive business environment for the attraction of Foreign Direct Investment; Pakistan’s policy trends have been consistent, with liberalization, de-regulation, privatization, and facilitation being its foremost cornerstone, the Prime Minister said.

China Pakistan Economic Corridor (CPEC) includes major infrastructure, energy and communication projects; the Corridor will make Pakistan regional manufacturing hub and very attractive market for Foreign Direct Investment, the Prime Minister said. It is encouraging that Leading Turkish companies are interested in investment in Pakistan’s Energy, Infrastructure, construction and Services sectors, the Prime Minister noted with satisfaction.

Appreciating the economic turnaround achieved by the present government, Mr. Fatih Kemal Ebiclioglu said that Pakistan is an ideal place for investment and his company is determined to further invest in various sectors of Pakistan’s economy. The acknowledgement of Pakistan’s improved economic credentials by credible International Financial Institutions the world over is indeed commendable. Pakistan has immense potential for investment which is bound to increase phenomenally in near future due to the prudent economic and investor friendly policies of the present government, the President said.

Other members of the delegation included Mr. Levent Cakirogiu, Mr. Hakan Hamdi Bulgurlu and Mr. Salih Arslantas. Mr. Muhammad Ishaq Dar, Minister for Finance, Engr. Khurram Dastgir Khan, Minister for Commerce, Mr. Mifta Ismail, Chairman BOI and other senior government officials were also present during the meeting.