Pakistan welcomes Turkish investment in SEZs

By Fatima Javed | Gwadar Pro Jun 3, 2022

ISLAMABAD, June 3, (Gwadar Pro)- Prime Minister Shahbaz Sharif welcomed Turkish investment in CPEC Special Economic Zones (SEZs), to transfer technology and start manufacturing in Pakistan.

During his three-day official visit to Turkey, the prime minister had extensive interaction with leading Turkish businessmen and potential investors from diverse sectors.

The business delegation from Pakistan comprising representatives of leading companies across various sectors participated in the business engagements.

While talking to Anadolu Agency in an interview, the PM said that Pakistan fully supported the five-pronged approach of China's Belt and Road Initiative (BRI) with the emphasis on physical connectivity, financial cooperation, trade facilitation, policy consultation, and people-to-people linkages.

He said, "with CPEC we have successfully realized our countries' shared vision and BRI's ideals. With CPEC entering a new phase of high-quality development, our Belt and Road cooperation will accelerate Pakistan's industrial and economic modernization.”

"Pakistan is committed to the high-quality development of CPEC, including improvements in Pakistan's railways' infrastructure and full realization of Gwadar Port's potential," he added.

​Earlier, the premier had proposed turning CPEC into a “trilateral arrangement” between China, Pakistan and Turkey so that all three nations could benefit from its potential.

The Prime Minister’s visit to Turkey will attract more Turkish investment in the country. During the official meetings in Ankara, both countries had similar views on regional and international issues and collaborated closely on bilateral, regional and multilateral forums.

This year, Pakistan and Turkey are celebrating the 75th anniversary of the establishment of diplomatic relations, underpinned by structured institutional mechanisms.

The High-Level Strategic Cooperation Council (HLSCC) is the primary platform at the leadership level, which has been instrumental in further cementing bilateral relations. Six sessions of the HLSCC have taken place so far, with the seventh slated to take place this year.​

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