Turkish firm keen to invest in Pakistan

Plans to explore market for joint ventures and investment

ISLAMABAD:

Turkish company Hashim Group is interested in setting up joint ventures in Pakistan, revealed its Head of Operations Emir Han Demir.

During a visit to the Islamabad Chamber of Commerce and Industry (ICCI), Demir said the Hashim Group had business interests in many fields including real estate, mining, tourism, car designing and education in Turkey and it was now exploring Pakistani market for joint ventures and investment.

The Turkish delegation said Pakistan's economy had great potential to grow and they wanted to bring construction technology and investment to Pakistan to capitalise on the potential business opportunities.

They stated that the education sector was another area of interest for them and they were looking at the prospects of bringing partners to Pakistan to invest in education, mining and other sectors. The delegation disclosed that they were setting up an office in Pakistan so that they could take benefit of emerging business and investment opportunities.

Speaking on the occasion, ICCI President Sardar Yasir Ilyas Khan said Pakistan and Turkey enjoyed strong relations that should be transformed into thriving trade relations as the existing volume of trade between the two countries was not reflective of the actual potential.

He said Pakistan and Turkey had shown interest in signing an agreement to provide dual nationality to their citizens and stressed that the process should be expedited which would help in increasing trade and investment between the two countries. Khan stated that Pakistan and Turkey should also finalise free trade agreement (FTA) which would give a significant boost to bilateral trade.