Islamabad, October 18, 2012 (PPI-OT): The MOS/Chairman Board of Investment, Mr. Saleem H. Mandviwalla, is visiting the Republic of Turkey as a Special Envoy of the President of Pakistan. The visit is primarily aimed to exchange the views on ways and means to improve the economic and commercial interaction between the two countries. It was also stressed to remove any impediments in bilateral trade and investment with the Turkish leadership.
It was sought from both sides to make concerted efforts to meet the target of US$ 2 billion bilateral trade by 2012. Mr. Mandviwalla brought to the attention of President Gul, the negative impact of safeguard measures imposed by Turkey on Pakistan’s textile exports and underlined the need of urgently concluding a comprehensive Preferential Trade Arrangement between the two countries. The Turkish leadership is encouraging businessmen to further expand their investment ventures in Pakistan, especially in energy and infrastructure sectors, President Gul said.
In order to boost economic relations and people to people contact, the existing rail, road and air links shall be further improved. Mr. Mandviwalla discussed these proposals in a meeting with Turkish minister for Transport, Maritime affairs and Communications, Mr. Binali Yildirim. It was agreed on the need on improving existing cargo train operations. Mr. Yildirim also suggested increasing the frequency of flights between the two countries. He said Pakistan is a brotherly country and there are many venues of collaboration in trade and investment.
Mr. Mandviwalla showed his optimism that existing cargo train “Gul train” running on pilot basis between Pakistan and Turkey is a viable commercial venture. After increasing the frequency of this cargo train, both countries will commence passenger train, Mr. Mandviwalla informed.
Secretary Commerce Mr. Munir Qureshi, Ambassador of Pakistan to Turkey Mr. Muhammad Haroon Shaukat and Consul General Istanbul Dr. Yusuf Junaid were also present in the meeting.
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