{"id":5580,"date":"2025-02-14T03:30:34","date_gmt":"2025-02-14T03:30:34","guid":{"rendered":"https:\/\/weeklyyoung.pk\/?p=5580"},"modified":"2025-02-14T03:30:34","modified_gmt":"2025-02-14T03:30:34","slug":"pakistan-turkiye-pledge-to-achieve-5bn-bilateral-trade-target","status":"publish","type":"post","link":"https:\/\/weeklyyoung.pk\/?p=5580","title":{"rendered":"Pakistan, Turkiye pledge to achieve $5bn bilateral trade target"},"content":{"rendered":"<p>Pakistan and Turkiye have pledged to continue efforts towards achieving a bilateral trade volume of $5 billion, Radio Pakistan reported on Thursday.<\/p>\n<p>The Turkish president arrived in Islamabad shortly after Thursday midnight and was received by the premier and President Asif Ali Zardari in Rawalpindi.<\/p>\n<p>Today, he was welcomed warmly with a guard of honour upon his arrival at the Prime Minister\u2019s House in Islamabad for talks with PM Shehbaz, state-run Radio Pakistan reported. A contingent of the armed forces presented a guard of honour to the visiting dignitary, with the national anthems of both countries also played.<\/p>\n<p>During a high-level meeting, the Turkish President said that both countries considered expanding the scope of their current goods trade agreement in the first stage, according to Radio Pakistan.<\/p>\n<p>\u201cTurkish investors will be encouraged to engage more in Pakistan and develop flagship projects,\u201d Erdogan told reporters after the meeting. \u201cOur military dialogue and cooperation in the defence industry have grown our trade and investment relations exponentially.\u201d<\/p>\n<p>Erdogan said that both sides reaffirmed their determination to advance projects and potential areas of cooperation including procurement, sales and joint manufacturing.<\/p>\n<p>The Turkish president expressed confidence that the 24 agreements signed with Pakistan today will \u201cprove beneficial for the two countries and the region\u201d.<\/p>\n<p>Addressing the Pakistan-Turkiye Business Forum in Islamabad, the PM said that both nations had pledged to ensure bilateral trade worth $5bn. \u201cWe had committed that together, we will achieve a target of $5bn volume in bilateral trade, but unfortunately it is a long way to go,\u201d he said in his speech.<\/p>\n<p>\u201cToday we signed various MoUs and agreements but the more important point is that we need to convert them from paper to action. In that, I am fully committed to supporting all your efforts,\u201d PM Shehbaz said, addressing Pakistani and Turkish businesspeople.<\/p>\n<p>The prime minister sincerely apologised for any \u201cundue inconvenience\u201d experienced by Turkish investors, refusing to delve into details to avoid \u201cpolitical point scoring\u201d.<\/p>\n<p>\u201cSome of our Turkish businessmen who came to Pakistan with a great sense of commitment \u2026 did that investment and both sides benefitted, but at the end of the day, some were given undue inconvenience and we are extremely sorry for that. It should not have happened and it shall not happen ever again,\u201d Shehbaz pledged.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pakistan and Turkiye have pledged to continue efforts towards achieving a bilateral trade volume of $5 billion, Radio Pakistan reported on Thursday. The Turkish president arrived in Islamabad shortly after Thursday midnight and was received by the premier and President Asif Ali Zardari in Rawalpindi. Today, he was welcomed warmly with a guard of honour [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5581,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-5580","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news"],"_links":{"self":[{"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=\/wp\/v2\/posts\/5580","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5580"}],"version-history":[{"count":1,"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=\/wp\/v2\/posts\/5580\/revisions"}],"predecessor-version":[{"id":5582,"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=\/wp\/v2\/posts\/5580\/revisions\/5582"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=\/wp\/v2\/media\/5581"}],"wp:attachment":[{"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5580"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5580"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5580"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}