Pak-Turk trade to increase up to US$ 2 billion: Business community hopes

Veteran trade leader and Central Chairman United Business Group Iftikhar Ali Malik  termed the visit of Turkish President Tayyip Erdogan to Pakistan a golden opportunity to enhance trade and business relations among Pakistan and Turkey.

While talking to a delegation of Turkish traders he expressed hope that the trade volume between the both countries can be increased as high as US$ 2 billion with some joint efforts made by public and private sectors of the either countries.

He said President Erdogan tour to Pakistan was enough to prove that Turkey wants to strengthen its economic ties with Pakistan.

Recep Tayyip Erdogan and his visits to Pakistan in Last decade

He also appreciated Erdogan’s efforts for the safeguarding of Muslim rights at international level and said Pakistan and Turkey under the dynamic leaderships of both Prime Minister Imran Khan and Tayyip Erdogan could work together for the Muslim renaissance.

He also emphasized on the unity of Muslim Umah to pool up their resources and to do maximum research and use modern technologies to cope with global changes, along with fostering unity among their ranks.

Iftikhar Malik said that both the countries have marvelous untapped business potential that needs to be realized by maximizing the involvement of private sectors of the two countries.

He hoped that the economic relation between the two countries would strengthen further to create a win-win situation for Pakistan and Turkey.

It is to be noted that Turkey having exports of around US$ 167 Billion in 2019 while Pakistan’s exports are stagnant around US$ 24 Billion.

Turkey’s exports are hence more than six times of Pakistan’s exports which are only 0.12% of world exports as our country ranks 68th in world exports.