Turkish businessmen looking for investment opportunities

Islamabad: Turkish businessmen are interested to support the private sector development by promoting economic co-operation between the business sectors of the two countries.

This was stated by the Mr. Veysel Ciftci, head of Turkish business delegation during his visit to Islamabad Chamber of Commerce and Industry (ICCI). He exchanged views on common interests and agreed to strengthen economic relations between the two countries.

He said that the Turkish investors were well aware of the fact that there were ample opportunities available to them in various sectors of Pakistan. He said that both countries have marvellous untapped business potential that needs to be realized by maximizing the involvement of private sectors of the two countries.

Speaking on the occasion, Turkish Chief Commercial Counsellor, Cezmi Besogul said that there is a dire need to reduce tariff barriers which would ultimately enhance our trade relation. He said that there was also need to create preferential trade relation between two countries.

He emphasized on construction of link roads and railway tracks between two countries and establishment of banks in each other’s country to promote strategic relation.

The Turkish delegates expressed interest in promoting trade and economic relations and stressed the need for close cooperation and showed interest in putting a sizable investment in Pakistan.

In his welcome address, Asad Farid, Senior Vice President, ICCI said that Turkey is a time tested strategic partner of Pakistan as both nations maintain extensive commercial, strategic and military cooperation.

He said that initiatives should be taken to achieve the bilateral trade target of $2 billion by 2012 through speedy formulation of a strategic economic cooperation framework.

Farid highlighted that tremendous investment opportunities were available in the power, oil and gas, mining, textile, agriculture and financial sector. ICCI senior Vice President said that exchange of business delegations could be better option for exploring areas of common interest.

Shahid Zaman Shinwari, Vice President ICCI said that both countries should go for joint ventures and also study each other market to look at the possibilities of joining hands in different sectors.

For more information, contact:
Islamabad Chamber of Commerce and Industry
Chamber House, Aiwan-e-Sanat-o-Tijarat Road, Mauve Area, G-8/1, Islamabad, Pakistan
Tel: +9251 225 0526 and 225 3145
Fax: +9251 225 2950
Email: icci@brain.net.pk
Website: www.icci.com.pk

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