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PM Nawaz Sharif Invites Turkey to Invest in Energy

Posted by on Tuesday, December 24, 2013, 11:22
This news item was posted in Politics category and has 0 Comments so far .

Prime Minister Nawaz Sharif today invited Turkish businessmen to invest in energy‚ agriculture‚ textile, tourism and infrastructure sectors in Pakistan.

Nawaz Sharif

Nawaz Sharif

Addressing Pak-Turk Business Forum in Lahore on Monday night‚ he said his government would ensure full protection and support to the Turkish investment.

The prime minister asked Turkish entrepreneurs to explore the possibility of investment in the energy sector in Pakistan which has wide-ranging potential in thermal‚ hydel and alternative sources.

He said Pakistan has also embarked upon an ambitious programme of infrastructure development and Turkish cooperation would be welcome. He said the programme includes construction of motorways‚ highways‚ airports‚ theme parts and Economic Corridor linking Pakistan and China.

The Prime Minister noted Turkish businessmen have expressed their desire to invest in Diamer-Bhasha and Bunji dams‚ Lahore-Karachi motorway and Gaddani Power Park.

He said Board of Investment of Pakistan is also working with Pak-Turkey Business council in promoting cooperation in textile‚ automobile and communication sectors.

He said there is vast potential in tourism development in Pakistan and Turkish firms can join their Pakistani counterparts for the purpose.

Mian Nawaz Sharif also recounted the incentives that Pakistan offers to foreign investors including repatriation of the capital‚ profit‚ and tax breaks‚ concessions in custom duties and special economic zones where one window facility is offered.

The prime minister said economic prosperity of people remains the top priority of the present government. He said our economic framework is based on sound macro-economic policies and accelerated economic growth; alleviate poverty and creating new jobs.

Addressing the Pakistan-Turkey Business Forum‚ Turkish Prime Minister Recep Tayyip Erdogan said Turkey attaches great importance to its relations with Pakistan.

He said Turkey will take benefit of investment opportunities in Pakistan.

The Turkish Prime Minister said with the visit of Turkish businessmen to Pakistan‚ a new chapter of trade will be opened between the two countries.

Recep Tayyip Erdogan said Turkey wants to enhance trade volume with Pakistan. He said his country to increase cooperation between Turkey and Pakistan in different fields including agriculture and tourism.

Three MOUs were signed on the occasion for cooperation between the two countries in different fields.

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