Eximbank signs $300 mln deal with Pakistan at Tuskon meeting

Pakistan’s prime minister, Nawaz Sharif, spoke to participants at the TUSKON meeting in İstanbul. (Photo: Today's Zaman)
Pakistan’s prime minister, Nawaz Sharif, spoke to participants at the TUSKON meeting in İstanbul. (Photo: Today's Zaman)


Date posted: September 19, 2013

Turkey’s Eximbank, a state-controlled bank established to support exports, signed an agreement worth $300 million with the Pakistani government on Wednesday to provide financial aid to infrastructure and urbanization projects in Pakistan.
At the meeting, which was organized by the Turkish Confederation of Businessmen and Industrialists (TUSKON), Turkish Economy Minister Zafer Çağlayan, Pakistan Prime Minister Nawaz Sharif and TUSKON Chairman Rızanur Meral made speeches about improving trade relations.

Sharif referred to the economic and political developments being made in Pakistan and called on Turkish businessmen to increase their investments in the country, saying: “Pakistan has a better future and our agenda as the government is to raise the prosperity of the citizens in the country beginning with developing the economy, providing energy supply security and decreasing unemployment. We also plan to construct 500,000 new homes and the housing models implemented by the Housing Development Administration of Turkey [TOKİ] complete our vision. We ask Turkish constructors to take up real estate projects in the country as well as infrastructure.”

Meanwhile, Minister Çağlayan also pointed out the economic improvements taking place in Pakistan, adding that Pakistan’s enrichment would make Turkey happier. “Trade volume between the countries used to be $175 million 10 years ago; however, this figure has reached a billion dollars last year. We believe trade opportunities that will increase the volume will be laid in front us in the future.”

Commenting to Today’s Zaman at the meeting, Miftah Ismail, a businessman from Pakistan, said he will seek new opportunities in expanding his business in the plastic manufacturing sector to Turkey. Ismail stated that the purpose of him and other Pakistan delegates coming to Turkey was to hold business-to-business meetings with Turkish businessmen and government officials. “About a hundred delegates from Pakistan are here not only from the plastic sector, but the energy sector as well,” Ismail told Today’s Zaman.

Usame Postacı, a Turkish entrepreneur, said that his main aim in attending the forum was to gain knowledge about trading between Pakistan and Turkey. “This forum has opened up opportunities for Turkish and Pakistani businessman not only to expand their business in their field, but it has also opened up new opportunities in other sectors as well,” Postacı said.

Source: Today's Zaman , September 18, 2013


Related News

Fears grow Turks held in Malaysia may face unfair trial or torture at home

Two Turkish men have been arrested in Malaysia, raising fears they might by forcibly returned to Turkey, where a rights group warned they could face unfair trial and torture.

Turkey Wants Mongolia To Shut Down Turkish Schools

Just ten years ago, Turkish Parliament Speaker Bulent Arinc recalled a dramatic scene. One diplomat dropped his teacup upon hearing that he was posted to Mongolia with 5,000 USD, special residence, and a car — a lavish job at that time. “How can I live there?” the diplomat reportedly asked, according to Arinc.

Turkish intelligence abducts Gülen-linked expats in Malaysia: relatives

With the government praising Malaysia over its alleged deportation of three Turkish citizens due to their links to the Gülen movement, recent tips from relatives stated that they were in fact abducted by Turkish intelligence officers.

Panel on Middle East perspectives held at Ishik University

TODAY’S ZAMAN, İSTANBUL A panel titled “The Middle East from the Perspective of Intellectuals” was held at Arbil’s Ishik University, Northern Iraq, over the weekend. Around 200 people comprising citizens, academics and students attended the panel discussion, which lasted for four hours. Talking about Turkey’s foreign policy in recent decades, Zeynep Dağı, a professor of […]

Kimse Yok Mu extends helping hand to Syrians in Jordan, Lebanon

6 April 2012 / TODAY’S ZAMAN, İSTANBUL The Turkish charity foundation Kimse Yok Mu (Is Anybody There) has begun to send aid to thousands of Syrian refugees who have escaped to Lebanon and Jordan from their conflict-stricken homeland. Tens of thousands of Syrian citizens have taken shelter in the neighboring countries of Turkey, Jordan and […]

Turkey urges KRG to consider Gulen Movement a “Terrorist Organization”

The KRG Ministry of Education said it would abide by any decision made by the KRG Council of Ministers concerning the closure of the organization’s schools in the Kurdistan Region. Sherko Hama Amin, a member of the Kurdistan Parliament’s Education Committee, told NRT that schools should not be shut down over political reasons, especially a political issue outside the region.

Latest News

Fethullah Gülen’s Condolence Message for South African Human Rights Defender Archbishop Desmond Tutu

Hizmet Movement Declares Core Values with Unified Voice

Ankara systematically tortures supporters of Gülen movement, Kurds, Turkey Tribunal rapporteurs say

Erdogan possessed by Pharaoh, Herod, Hitler spirits?

Devious Use of International Organizations to Persecute Dissidents Abroad: The Erdogan Case

A “Controlled Coup”: Erdogan’s Contribution to the Autocrats’ Playbook

Why is Turkey’s Erdogan persecuting the Gulen movement?

Purge-victim man sent back to prison over Gulen links despite stage 4 cancer diagnosis

University refuses admission to woman jailed over Gülen links

In Case You Missed It

Erdogan’s Maarif Foundation To Contribute Radicalism, Exacerbate Muslim-Christian Tension In African Countries

Government carried out a “controlled” coup in an attempt to exploit its outcomes: Opposition leader

Turkish school in Romania moves to new building

10 unanswered questions about the Dec. 17 operation

Woman detained along with 40-day-old baby while visiting jailed husband

Kimse Yok Mu reaches out to Pakistan with food assistance

An interesting debate in the European Parliament

Copyright 2022 Hizmet News