To increase economic engagement and mobilise the untapped potential for trade and investment, Pakistan and Turkey have signed two memorandums of understandings (MoUs), Dawn reported.
The two MoUs include one on trade facilitation and customs cooperations, while the second pertains to reinforcing cooperation in the field of halal accreditation. The two sides agreed to explore the possibilities of enhancing bilateral trade for the mutually beneficial market access and trade facilitation.
Read more – Freelancers payment limit raised to Rs. $25,000: State Bank of Pakistan
Both sides also agreed to encourage their businessmen to establish joint ventures in industrial sectors and cooperate in the field of e-commerce.
Read more – New survey reveals Pakistani businesses positive about future
Both have the potential to explore possibilities of investment opportunities in defence industry, food processing and packing, automotive industry and auto-parts, household appliances, construction material, textiles, leather machinery and finished products, sports goods and surgical instruments.
