Hope for Turkish Investments in Pakistan

In a statement on November 16, 2020 by the Islamabad Chamber of Commerce and Industry (ICCI) a Turkish delegation has shown interest in making investments in Pakistan. With a hope to increase bilateral trade in the countries and opening more routes for the international market, all aspects for investments are being checked.

The President ADO Group, Mustafa Sak, Chairman ADO Group, Kamil Arsalan, and Area Manager Bricks Plus and NG Kutahya Seramik Porselen Turizm, Mustafa Orhon were part of the delegate. Imarat Group of Companies Chairman Shafiq Akbar, ICCI President Sardar Yasir Ilyas Khan, former president Muhammad Ejaz Abbasi, Islamabad Builders Association (IBA) President Chaudhry Naseer were also present on the occasion.

Keeping in view the government’s announcement of packages to boost the construction sector, Sardar Yasir Ilyas Khan, President ICCI briefed the delegation on business and investment prospects in the real estate sector. His prime emphasis was on Pakistan being a huge real estate market with demand for housing units and commercial buildings. The government’s decision to boost the sector has opened opportunities for foreign investments for joint ventures and investment.

The Turkish delegation showed keen interest in setting up industrial units to produce construction material and products keeping in view the local market demands. Deeming it beneficial to both countries, Khan assured all needed assistance by the ICCI. He stated that negotiations for a preferential trading agreement are being made to increase trade and investments in transport, telecommunications, manufacturing, tourism and other industries. Stors, with their technical expertise, set up industrial units in the country.