Pakistan invites Turkey to invest in CPEC SEZs

Gwadar Pro

Islamabad: Pakistan has invited Turkey to invest in the Special Economic Zones (SEZs) being built under the China-Pakistan Economic Corridor (CPEC)

Chaudhary Salik Hussain, Federal Minister for Board of Investment (BOI) and Special Initiatives, and Secretary BOI Fareena Mazhar met with Foreign Economic Relations Board of Turkey in Istanbul, the Pakistani government announced.

President of the Turkish Board Cengiz Ozdemir and representatives of various Turkish business groups received the Minister and Secretary BOI.

The Minister interacted with the Turkish business groups and appreciated their keen interest and recommendations and proposals to deepen trade and economic linkages between two brotherly countries. The meeting also discussed ways and means to achieve the target set by the both countries to take bilateral trade to USD 5 billion in next three years.

Secretary BOI invited the businessmen to explore investment opportunities in Pakistan in multiple sectors, and apprised regarding Pakistan’s latest business reforms initiatives to improve ease of doing business in Pakistan and accentuated that owing to Pakistan’s strategic location, the country provides access to three continents and 68 countries as it was being connected to the broader plan of the Belt and Road Initiative (BRI) through the China Pakistan Economic Corridor (CPEC). The Minister and Secretary BOI’s meeting with Turkish Board also provided a useful opportunity to follow-up on actions and decisions taken during the visit of the Prime Minister to Turkey from 31 May – 2 June 2022.

The Minister BOI assured the participants the Government’s resolve and commitment to facilitate businesses and investors in Pakistan.

The Turkish Business community was also informed regarding investment opportunities and incentives in the 22 Special Economic Zones (SEZs) being established across Pakistan with a vision to transform Pakistan into a high-end commercial, technology and manufacturing hub.

Federal Minister and Secretary BOI are in Istanbul to participate in the D-8 Investment Conference, being held today (June 16), on the occasion of the 25th anniversary of the D-8 Organization.