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Pakistan Courts Turkish Investment: PM Invites Companies to Expand in Key Sectors
๐Ÿ‡ต๐Ÿ‡ฐ Pakistan /Economy & Trade

Pakistan Courts Turkish Investment: PM Invites Companies to Expand in Key Sectors

From Dawn · () English

Translated from English, summarized and contextualized by DistantNews.

At a glance

News Official statement New plan
  • Prime Minister Shehbaz Sharif urged Turkish companies to boost investments in Pakistan across various sectors, including energy, mining, and IT.
  • Sharif met with business leaders in Istanbul, reaffirming Pakistan's commitment to economic cooperation and an investor-friendly environment.
  • Pakistan highlighted its improving economic fundamentals and the role of the Special Investment Facilitation Council (SIFC) in streamlining investments.

Prime Minister Shehbaz Sharif has extended a strong invitation to Turkish companies, encouraging them to expand their investments within Pakistan. He specifically highlighted opportunities in key sectors such as energy, mining and minerals, infrastructure, maritime and logistics, information technology, telecommunications, manufacturing, agriculture, and privatization.

He noted that the Special Investment Facilitation Council (SIFC), working in close coordination with the relevant federal and provincial authorities, continues to provide one-window facilitation and institutional support for strategic investors.

โ€” Prime Ministerโ€™s Office statementDescribing the government's mechanism for supporting strategic investors.

During his official trip to Istanbul, Sharif engaged in a series of meetings with senior executives from prominent Turkish business groups and industry organizations. He reiterated Pakistan's dedication to enhancing economic cooperation and attracting greater Turkish investment. The Prime Minister emphasized the deep-rooted fraternal ties between Pakistan and Turkiye, stressing the importance of converting this strong relationship into a more robust economic and investment partnership.

Sharif also presented Pakistan's improving macroeconomic fundamentals and its supportive policy framework for investors. He assured business leaders that the government is committed to ensuring a transparent, predictable, and business-friendly investment climate. The Prime Minister noted that the Special Investment Facilitation Council (SIFC) is actively providing one-window facilitation and institutional support for strategic investors, working closely with federal and provincial authorities.

He also invited Albayrak Group to expand its investments in maritime infrastructure, port modernisation and logistics, โ€œrecognising its important contribution to Pakistanโ€™s connectivity and infrastructure developmentโ€.

โ€” Prime Ministerโ€™s Office statementHighlighting specific invitations to Turkish companies for infrastructure development.

Discussions included specific opportunities in Pakistan's energy, infrastructure, and IT sectors with ร‡alฤฑk Holding chairman Ahmet ร‡alฤฑk. Sharif also invited Albayrak Group to consider expanding investments in maritime infrastructure and port modernization, acknowledging their existing contributions to Pakistan's connectivity. He further encouraged the Union of Chambers and Commodity Exchanges of Turkiye (TOBB) to lead a high-level business delegation to Pakistan to explore investment prospects firsthand, proposing a structured mechanism for regular private sector interaction.

He further proposed a structured institutional mechanism for regular interaction between the private sectors of both countries and invited TOBB to lead a high-level business delegation to Pakistan to explore emerging investment opportunities firsthand.

โ€” Prime Ministerโ€™s Office statementSuggesting ways to enhance business-to-business engagement between Pakistan and Turkiye.
DistantNews Editorial

Originally published by Dawn in English. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.