ISTANBUL, 12 August 2017: Leading businessmen of Pakistan and Turkey
participated in the “Pakistan-Turkey Business Opportunities Conference”
organized by the Rawalpindi Chamber of Commerce & Industry (RCCI) in
collaboration with All Industrialists & Businessmen Association of Turkey (TUMSIAD)
in Istanbul. Over 700 businessmen from Pakistan and representatives of over 150
Turkish companies attended the event.
President of
RCCI Raja Amir Iqbal made a comprehensive presentation about business
opportunities in Pakistan. He urged the Turkish counterparts to take advantage
of the conducive investment and business enviromnet in Pakistan. "Pakistan has over 185 billion tons of coal reserves which is
equivalent to 618 billion barrels of crude oil reserves in terms of energy
output, while the country has 31.3 trillion cubic meters o
Charge d’
Affairs of Pakistan Syed Ali Asad Gilani in his remarks mentioned that the
multi-faceted relationship between Pakistan and Turkey is flourishing in
diverse fields. “The growing Turkish involvement in socio-economic development
of Pakistan are clear manifestation of the desire of the leadership on both
sides to transform this strong political and cultural relationship into a
robust economic partnership,” said Gilani. He highlighted that symbols of
Turkish corporate footprint on Pakistan’s economic landscape are emerging fast.
Metro Buses, Solid Waste Management, Turkish participation in construction of
different portions of Motorway, Arcelik’s investment of US $ 258 million for
acquisition of Dawlance, Zorlu’s undertaking of 300 MW of Solar power
generation in Quaid e Azam Solar Energy Park, and Hayat Kimya’s plans to invest
US $ 50 million for setting up a baby diaper manufacturing facility in Pakistan
are some of the examples of growing Turkish investment in Pakistan, he added. Charge d’ Affairs also lauded RCCI for its
initiative and hoped that the two days event would
provide an oppprtunity for business communities of the two brotherly countries
to further closer.
Consul General
of Pakistan Dr. Yusuf Junaid apprised the participating business tycoons of the
two countries about the deep historical and cultural roots of Pakistan-Turkey
relations. He urged businessmen of the two countries to work hard for
increasing bilateral trade to realise its true potential and showed his
satisfaction at the bilateral investment.
Vice President of Turkey-Pakistan Business Council of the Foreign
Economic Relations Board (DEIK) Mr. Mustafa Riza Arsan shared his experience
about doing business and making investments in Pakistan. “We found Pakistan as
the most business friendly country where investments are safe and offer high
return in the entire region,” said Riza Arsan.
Chairman of the Anatolian Tigers Businessmen Association (ASKON) Mr.
Mustafa Koca, who was the chief guest on the occassion, said that 15,000
companies of ASKON are ready to support Pakistani companies and institutions. “Turkish
businessmen are eager to share their experience, knowledge and capital with
their Pakistani brothers,” added Mustafa Koca.
The conference was followed by Business-to-Business (B2B) session.
Turkish and Pakistani companies explored opportunities for joint ventures and
trade in various sectors including construction, textile, services, energy,
tourism, etc. A number of orders were placed while the B2B forum proved a
useful platform for establishing joint ventures and business collaboration in
diverse sectors.
Separately,
the 30th RCCI International Achievement Awards ceremony was held
where the Deputy Minister for Economy of Turkey Fatih Metin was the chief
guest. Awards were presented to successful Pakistani companies and
entrepreneurs for their outstanding performance.
Addressing
guests, Deputy Economy Minister Fatih Metin said that on the instructions of
President Recep Tayyip Erdogan, Turkey is negotiating a comprehensive Free
Trade Agreement (FTA) with Pakistan. He said our target is to enhance bilateral
trade to US$ 5 billion in a short term.
Chairman TUMSIAD
Mr. Yaşar Doğan in his address informed that his organization has established
an office in Pakistan. He said they are keen to enhance collaboration with
Pakistan in diverse sectors including textiles, transportation, housing, and
tourism sectors.
The audience enjoyed vibrant cultural performance
of Pakistani and Turkish artists which was followed by a musical night. It was
for the first time that an event of this scale was organized by RCCI outside
Pakistan.
For more photos please click on goo.gl/4abt21and goo.gl/an66C3
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