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| Pak-Turkey Forum to explore investment opportunities |
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Sunday, October 25, 2009
ISLAMABAD: Top business persons and prospective investors of Pakistan and Turkey will gather here on Sunday at the Pakistan-Turkish CEOs Forum to explore investment incentives and opportunities available in various sectors in the country.
The forum is likely to be addressed by prime ministers of Pakistan and Turkey, Federal Minister for Investment Waqar Ahmad Khan said while addressing a press conference here on Saturday.
He said that chief executive officers (CEOs) of leading Turkish companies are accompanying the Turkish prime minister during his visit to explore investment and business opportunities in Pakistan.
The minister said that comprehensive presentations would be given at the forum which will highlight policy parameters, incentives for investors and investment opportunities available in various sectors.
Moreover, he said business-to-business (B2B) meetings would also be held between Pakistani and Turkish counterparts in the respective sectors, adding that if required, the option of signing Memorandum of Understanding will also be exercised.
He said the event would provide an excellent opportunity to businessmen and investors to interact with each other and get first-hand information on joint venture business and investment opportunities.
Waqar said CEOs of leading Turkish companies are participating from various sectors including textile, home textile, leather, leather products, carpet, construction, infrastructure, energy, mineral development, sports, shipping, auto manufacturing, dairy, agriculture and food processing chain stores.
“The visit of high-level officials and top CEOs of Turkey shows the keen interest of the Turkish government in the improvement of bilateral and economic relations with Pakistan,” Waqar remarked.
He said the conference would be helpful for Pakistan to achieve the goal of Preferential Trade Agreement with Turkey to have access to the European Market. He added that although Bilateral Investment Treaty already existed between both countries, the PTA would help boost economic ties further.
To a question, he said Pakistan is ranked better in doing business, adding that 700 multinational companies were doing business in the country and the number would be taken to 1000 within one year. He was of the view that the global recession had provided phenomenal opportunities of investment in Pakistan where returns are high.
Senator Waqar said the new investment policy and the policy for establishing Special Economic Zones would be presented before the cabinet for approval next month. To a question, he said Turkey had $17.5 million of investment in the country.
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ISSN 1563-9479 
