ISLAMABAD, Pakistan: The Trade Minister of Türkiye Professor Dr. Omer Bolat along with the business delegation held a meeting with the Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb at the Finance Division in Islamabad on Thursday.
The finance minister warmly welcomed the Turkish delegation and emphasized the robust and longstanding brotherly relationship between the two nations which has potential for further bilateral economic and trade development.
Dr. Omer Bolat highlighted the shared commitment of Prime Minister Shahbaz Sharif and Recep Tayyip Erdoğan to strengthen bilateral ties with a particular focus on increasing trade and investment.
The Turkish trade minister identified key sectors for potential investment including services, health, education, medicine, and fashion.
The visiting dignitary also proposed measures to facilitate investment for Turkish companies to enhance investor confidence and recommended increasing flight connectivity between Pakistan and Türkiye to support greater economic exchange.
The Finance Minister Muhammad Aurangzeb acknowledged the significance of historical and cultural ties between Pakistan and Türkiye, and provided an update on Pakistan’s improving economic fundamentals including a stable currency, foreign exchange reserves exceeding US$ 9 billion, and declining inflation rates.
The minister informed the delegation of a recent Staff Level Agreement with the International Monetary Fund (IMF), aimed at ensuring long-term stability and outlined ongoing reforms in taxation, energy sector and state-owned enterprises.
Aurangzeb also highlighted the role of the Special Investment Facilitation Council (SIFC) in streamlining investment processes and attracting foreign direct investment.
Both ministers reiterated their dedication to strengthening bilateral relations and expanding trade volume.
Senator Muhammad Aurangzeb assured the Turkish trade minister of the Pakistani government’s commitment to supporting investors by streamlining regulations which support ease of doing business.
Dr. Omer Bolat expressed gratitude for the support and constructive dialogue.
The meeting marked a significant step toward deepening economic ties and fostering closer cooperation between Pakistan and Türkiye.
