In a significant move to bolster economic cooperation, Pakistan and Türkiye have jointly reaffirmed their commitment to significantly expand bilateral trade, setting a shared goal to increase the trade volume to $5 billion in the near future.
The understanding was reached during a high-level meeting between Pakistan’s Minister for Communications, Abdul Aleem Khan, and Türkiye’s Minister of Trade, Prof. Dr. Ömer Bolat. The meeting was held on the sidelines of the 5th ECO Ministerial Meeting in Istanbul.
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Strengthening a Historic Brotherhood
Both ministers highlighted the long-standing, brotherly relations between the two nations and expressed deep satisfaction with the growing multidimensional cooperation. They emphasized the need to further strengthen this historic partnership across key sectors, including trade, investment, industry, and overall economic development.
The agreement underscores a mutual desire to translate the deep political and cultural friendship into a more robust and substantial economic relationship. The ministers agreed to work closely across all potential sectors to solidify future collaboration and achieve the newly set ambitious trade target.
Frequently Asked Questions (FAQs)
1. What is the new trade target between Pakistan and Türkiye?
Pakistan and Türkiye have set a shared goal to increase their bilateral trade volume to $5 billion in the coming years.
2. Where was this agreement reached?
The understanding was reached during a meeting on the sidelines of the 5th ECO Ministerial Meeting in Istanbul, Türkiye.
3. Which ministers were involved in the meeting?
The meeting was between Pakistan’s Minister for Communications, Abdul Aleem Khan, and Türkiye’s Minister of Trade, Prof. Dr. Ömer Bolat.
4. Which sectors will this cooperation focus on?
The partnership will be strengthened in trade, investment, industry, and broader economic development, with a commitment to collaborate across all potential sectors.
