Turkey is planning to invest about US$ 1 billion in Pakistan’s textile, communication and automotive sectors over the next three years, Turgat Bayan, founder of Pak-Turk Business Council, has said.
Turkey is planning to invest about US$ 1 billion in Pakistan's textile, communication and automotive sectors over the next three years, Turgat Bayan, #
During a meeting with Pakistan’s Board of Investment (BoI) chairman Muhammad Zubair, Mr. Bayan stated that at present Turkey’s foreign direct investment (FDI) in Pakistan is US$ 370 million, and the country plans to invest US$ 1 billion in Pakistan’s textile, communication and automotive sectors during the next three years.
Turkey is planning to invest about US$ 1 billion in Pakistan's textile, communication and automotive sectors over the next three years, Turgat Bayan, #
For the current fiscal year, Pakistan’s Government has set a target of attracting US$ 2 billion in investment, which is more than double the amount of investment that came in the last fiscal year.
Turkey is planning to invest about US$ 1 billion in Pakistan's textile, communication and automotive sectors over the next three years, Turgat Bayan, #
Mr. Zubair, who has been recently appointed as BoI chairman, said Pakistan needs to attract financial inflows to build up its decreasing foreign exchange reserves.
Turkey is planning to invest about US$ 1 billion in Pakistan's textile, communication and automotive sectors over the next three years, Turgat Bayan, #
Earlier, Mr. Zubair briefed BoI officers about the new Government’s initiatives to address energy crisis and attract greater investment in the country.
Turkey is planning to invest about US$ 1 billion in Pakistan's textile, communication and automotive sectors over the next three years, Turgat Bayan, #
BoI is currently trying to resume the stalled negotiations between Pakistan and the US for a Bilateral Investment Treaty (BIT), which has been pending for more than eight years.
Turkey is planning to invest about US$ 1 billion in Pakistan's textile, communication and automotive sectors over the next three years, Turgat Bayan, #
Last year, talks between the US and Pakistan Governments came to a halt after Pakistan expressed concerns over US investments in some sensitive sectors.
Turkey is planning to invest about US$ 1 billion in Pakistan's textile, communication and automotive sectors over the next three years, Turgat Bayan, #
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