Pakistan, Turkiye agree to further increase trade volume

Business Aug, 13 2024
Pakistan, Turkiye agree to further increase trade volume
  • 143
  • 0

 ISLAMABAD: In a significant move to strengthen bilateral ties, Pakistan and Turkiye have agreed to enhance their trade volume and investment cooperation.

This understanding was reached during the seventh session of Pakistan-Türkiye Bilateral Political Consultations, held in Islamabad. The meeting was led by Foreign Secretary Muhammad Syrus Sajjad Qazi for Pakistan and Deputy Minister of Foreign Affairs of the Republic of Türkiye, Nuh Yilmaz, for Turkiye. The discussions provided a comprehensive review of the multifaceted bilateral relationship between the two countries. Key areas of focus included political relations, trade and investment, energy, security and defense, information technology, culture and tourism, education, and consular matters. Both sides expressed their commitment to elevating their cooperation across these sectors, reflecting a shared vision for deeper engagement and mutual benefit. The consultations also covered Pakistan-Türkiye cooperation in various multilateral and regional forums, highlighting the strategic alignment of their interests on the global stage.

Additionally, regional and global issues of mutual concern were addressed, underlining the broad scope of the partnership between the two nations. One of the key issues discussed was the ongoing conflict in Gaza. Both Pakistan and Turkiye expressed serious concerns regarding Israel's military actions in Gaza and the resulting humanitarian crisis. The delegations condemned the violence and the impact on the Palestinian population, emphasizing the urgent need for a ceasefire and a peaceful resolution to the conflict. This joint stance reflects the countries' shared commitment to advocating for human rights and seeking diplomatic solutions to international conflicts.The Turkish delegation, led by Deputy Minister Yilmaz, also met with Pakistan's Deputy Prime Minister and Foreign Minister Ishaq Dar during their visit. The meeting further underscored the importance of strengthening diplomatic ties and explored additional avenues for collaboration between the two nations. Overall, the bilateral consultations mark a notable step forward in the Pakistan-Türkiye relationship, with both countries committed to enhancing their strategic partnership and addressing key global issues in a collaborative manner. The agreements reached during this session are expected to pave the way for increased trade, investment, and cooperation across a range of sectors, benefiting both nations and reinforcing their position on the international stage.

NC Big Stories

PTI backtracks on written demands, casting doubt on govt talks

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) has reportedly backtracked on its earlier commitment to submit its demands in writing, causing concerns about the future of the ongoing negotiations with the government. Asad Qaiser, a senior PTI leader and...

Verdict postponed in £190M case against Imran Khan, Bushra Bibi

RAWALPINDI: An accountability court has again delayed its verdict in the 190 million pound case against Pakistan Tehreek-e-Insaf founder Imran khan and his wife Bushra Bibi. Earlier, the court was due to announce the verdict tomorrow. AC judge Nasir...

Pakistan launches IT skills program for youth empowerment

ISLAMABAD: The Pakistani government has launched a comprehensive initiative aimed at imparting IT skills to 200,000 youth annually, a move designed to foster growth in the country's digital economy. This announcement was made by the Federal Minister...

Govt will collapse the day PPP pulls support: Shazia

ISLAMABAD: PPP spokesperson Shazia Marri on Sunday criticised the PML-N-led federal government for failing to consult the PPP on key decisions, including the establishment of the Pakistan Maritime and Seaport Authority, saying that the government's s...

More like this
Related

Leghari calls for adoption of energy conservation code nationwide

ISLAMABAD: Federal Minister for Energy (Power Division) Sardar Awais Ahmed Khan Leghari has called for the immediate implementation of the Energy Conservation Building Code 2023 (ECBC-2023) across Pakistan. In a series of letters sent to all Chief M...

Efforts underway to transform nuclear Pakistan into eco power: Dar

KARACHI: Deputy Prime Minister and Foreign Minister Ishaq Dar stated on Thursday that the government is actively working to transform Pakistan from a nuclear power into an economic powerhouse, aiming to restore its global standing. Addressing a press...

Aurangzeb calls for diaspora engagement to strengthen Pak-US ties

ISLAMABAD: In an effort to strengthen economic ties between Pakistan and the United States, Federal Minister for Finance Muhammad Aurangzeb held a meeting on Thursday with Rizwan Saeed Sheikh, Pakistan's Ambassador to the US. The discussions focused...

Rupee ends 2024 at 278.55 against USD

KARACHI: The Pakistani rupee ended the final session of 2024 with a slight depreciation of 0.03% against the US dollar, closing at 278.55, down by Re0.07 from the previous session's closing of 278.48, according to the State Bank of Pakistan (SBP). D...
Need Help? Chat with us