Pakistan seeks deeper Turkish investment in energy, IT and defence

Shafaqna Pakistan: Deputy Prime Minister and Foreign Minister Ishaq Dar has said Pakistan is seeking greater Turkish investment in key sectors, including energy, mining, minerals, power infrastructure, information technology, manufacturing, agriculture, logistics, tourism and defence industries.

Speaking at the Pakistan-Türkiye Business Conference, Dar said these sectors offer significant opportunities not only for commercial growth but also for technology transfer, industrial modernisation and job creation.

According to a statement issued by the Ministry of Foreign Affairs on Sunday, the foreign minister said the government, under the leadership of Prime Minister Shehbaz Sharif, has launched an ambitious programme of economic reforms aimed at strengthening macroeconomic stability, boosting investor confidence, creating a business-friendly environment and improving the ease of doing business.

With this, he highlighted the equal importance of collaboration in emerging technologies. “Artificial intelligence, digital innovation, FinTech, advanced manufacturing, and research partnerhships with increasingly determine the competitiveness of our two economies,” he noted, adding that there is “enormous potential for our universities, research institutions, and private sectors to work together in these fields.”

In his address at the conference, the foreign minister noted that Islamabad and Istanbul “enjoy a relationship that is unique in international affairs and history.” He added that the two countries have “consistently stood by each other” throughout the decades, “whether on matters of regional peace and security, humanitarian assistance, or support for each other’s core national interests.”

According to the foreign minister, “this political trust is among the strongest assets of our two nations.”

Addressing the purpose of the conference, FM Dar stated that the challenge both countries face “is to transform this extraordinary political and brotherly relationship into an equally dynamic economic partnership,” adding that the international landscape is changing rapidly, the global economy is being reshaped by geopolitical competition, technological transformation, changing supply chains, energy transitions, and new patterns of trade and investment.

With such changes in the global system, FM Dar stated, “countries that work together, diversify their partnerships, and build resilient economic linkages will be better positioned to prosper in the future.” The foreign minister stressed, “Pakistan and Turkiye have every reason to be among those countries.”

Discussing the strategic location of both countries, FM Dar stated that they are “strategically located at the crossroads of Europe, Asia, the Middle East, and Central Asia.” He added that such positioning allowed Istanbul and Islamabad to “connect markets, regions, and opportunities that extend far beyond our own borders.”

“This strategic geography must become an economic advantage to both of our people,” FM Dar urged.

Source: Express Tribune

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