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    Home»News»Pakistan News»Pakistan, Turkiye pledge to boost bilateral trade volume to $5bn
    Pakistan News

    Pakistan, Turkiye pledge to boost bilateral trade volume to $5bn

    22febdm@gmail.comBy 22febdm@gmail.comJuly 9, 2025No Comments3 Mins Read
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    Turkish Foreign Minister Hakan Fidan (left) holds a press conference with Deputy Prime Minister/Foreign Minister Ishaq Dar in Islamabad on July 9, 2025. — Screengrab via Geo news
    Turkish Foreign Minister Hakan Fidan (left) holds a press conference with Deputy Prime Minister/Foreign Minister Ishaq Dar in Islamabad on July 9, 2025. — Screengrab via Geo news
    • Two countries express satisfaction over joint committees’ progress.
    • Pakistan establishing SEZ in Karachi dedicated to Turkish enterprises: Dar
    • Efforts underway to revive Istanbul-Tehran-Islamabad rail corridor: DPM

    ISLAMABAD: Pakistan and Turkiye on Wednesday pledged to increase bilateral cooperation in various key sectors — including defence, trade, energy, culture, education, and infrastructure — aiming to enhance the trade volume to $5 billion.

    During a joint press conference of Deputy Prime Minister (DPM) Ishaq Dar with Turkish Foreign Minister Hakan Fidan, the two countries expressed satisfaction over the ongoing progress of the 12 joint standing committees established under the High-Level Strategic Cooperation Council (HLSCC).

    Recalling the last session of the HLSCC held in Islamabad in February this year, DPM Dar — who also holds the additional portfolio of foreign minister — said both sides had agreed to establish a joint commission to review the progress of the 12 Joint Standing Committees working under the HLSCC framework.

    He expressed satisfaction in sharing that all 12 Joint Standing Committees have either already met or are scheduled to meet in the coming weeks.

    In addition, he said the meeting of the Joint Ministerial Commission (JMC) was expected to be held in the coming weeks.

    “The JMC will be co-chaired by the Minister of National Defence of Turkiye Yasar Guler, and the Minister of Commerce of Pakistan Jam Kamal Khan. This important platform is expected to further bolster economic cooperation between the two countries,” he added.

    DPM Dar praised Turkiye’s successful indigenisation of its defence industry, which had grown from 20% to 80% in recent years and said that Pakistan was keen to benefit from its experience.

    He said that the Pakistani side was pursuing the establishment of a Special Economic Zone (SEZ) in Karachi dedicated to Turkish enterprises, while efforts were underway to revive the Istanbul-Tehran-Islamabad rail corridor.

    “Our delegations are meeting in the coming weeks to finalise a road map in this regard.”

    Dar also confirmed that land had been allocated in Muzaffarabad for the construction of a Maarif school.

    He added that several major projects involving Turkish firms were being considered, including the Jinnah Medical Complex, Danish University, offshore drilling operations, and participation in the privatisation of power distribution companies. Pakistan is also working to benefit from Turkish expertise in ship-breaking and water management, he added.

    Capacity building in counter-terrorism is also on the agenda, he said adding that “These initiatives are seen as laying the groundwork for the 8th HLSCC to be held in Turkiye next year”.

    Reaffirming the close bond between the two nations, FM Dar described Turkiye as a “trusted friend and reliable brother,” emphasising Pakistan’s solidarity with the Turkish people.

    Turkish Foreign Minister Hakan Fidan hailing the productive meeting with DPM Dar today, said that the bilateral relations between the two nations were strengthening each day.

    “We are aiming to increase our commercial relations up to $5 billion by enhancing cooperation in diverse areas including energy, mining, education, and transportation,” he added.

    He also stressed the need to further strengthen air, sea, land, and railway connections between the two countries, saying that technical activities in this regard were ongoing.

    On regional issues, The Turkish foreign minister praised Pakistan’s restraint during recent tensions with India and reiterated Turkiye’s support for peace and dialogue. “All international societies have seen the wisdom and calm attitude of Pakistan during the tension,” he added.

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