Islamabad: In a concerted effort to bolster foreign investment from Turkey, a high-level meeting convened in Islamabad on August 22, 2024, addressed various challenges faced by Turkish business groups operating in Pakistan. Federal ministers assured comprehensive support to these investors, emphasizing Pakistan’s commitment to fostering a favorable business environment.
According to Press Information Department, the session was led by the Ambassador of Turkey in Pakistan, Dr. Mehmet Pacaci, and included significant participation from Turkish business leaders. Federal Minister for Board of Investment and Privatization, Abdul Aleem Khan, alongside other key ministers, engaged with representatives from sectors such as textiles, chemicals, and energy, including major entities like Turkish Airlines and OzPak.
Minister Abdul Aleem Khan highlighted the proactive measures being undertaken to facilitate these investors, noting that the Board of Investment would offer round-the-clock services to address their needs promptly. He reassured that most issues with the State Bank had been resolved and that immediate action would be taken to smooth out challenges with the Federal Board of Revenue and other departments.
Additionally, the meeting covered the Prime Minister’s Steering Committee for Gems and Stones, chaired by Abdul Aleem Khan. The committee reviewed the operations of institutions in Azad Kashmir and Gilgit-Baltistan related to gems and stones, aiming to elevate these into Centers of Excellence. The committee plans to visit these regions to directly assess and improve the situation, ensuring that the private sector’s input is considered in these developments.
The Turkish delegation expressed gratitude for the support and cooperation extended by the Pakistani government, signaling a positive outlook for continued economic collaboration between the two nations.