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Home Business

Pak-Turkey to start joint business ventures

by Web Desk
03/12/2021
in Business, Economy
Reading Time: 1 min read
0
Pak- Turkey ties
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Turkey’s ambassador in Pakistan Ihsan Mustafa Yurdakul, has said that Turkey and Pakistan should launch new joint ventures.

Turkish ambassador in Pakistan Ihsan Mustafa Yurdakul has said that Turkey is keen to launch new joint ventures with Pakistan which would benefit both the countries. Talking to FCCI President Atif Munir Sheikh, he said that a Turkish company had already launched a joint venture in collaboration with Interloop for making cheese in Pakistan. “More projects are in the pipeline as Turkish businessmen are very near and dear to Pakistani business community,” he said. He said that M-3 and Allama Iqbal Industrial Estates were ideal to establish new industrial units. Atif Munir said that exporters can send their surplus products to China and Central Asian states where demand of cheese was increasing. He said that “a productive B to B meeting would be arranged with interested Turkish groups so that both sides could understand market pattern of the two countries”. President FCCI said it was a win-win situation in bilateral trade and asked Turkish Embassy to convince Turkish investors to set up dyes and chemical plant as a joint venture in Faisalabad. 

“Being a textile oriented city we are importing huge quantity of dyes and chemicals which could be manufactured in Pakistan”, at cheaper costs, he added.

Tags: Business VenturesPakistanTurkey

Web Desk

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