Pakistan has earmarked 1,000 acres of land at Karachi Industrial Park for Turkish enterprises, Commerce Minister Jam Kamal Khan said Wednesday, as the government seeks to attract foreign investment and strengthen industrial cooperation between the two countries.
During the meeting, he invited Turkish businesses to establish industrial units and expand their manufacturing and investment footprint in Pakistan.
Turkish delegation to review trade mechanisms in Pakistan
Both ministers reaffirmed their commitment to strengthening trade ties during their discussions on matters of mutual economic and commercial interest.
Agricultural exports discussed alongside industrial investment
The ministers also addressed agricultural trade. Khan appreciated Türkiye’s support for Pakistan’s claims concerning basmati rice and sought Ankara’s support in facilitating greater market access for Pakistani mangoes. Bolat emphasized the importance of marketing and branding Pakistani basmati rice in Türkiye and assured support for increasing imports of Pakistani mangoes.
OIC trade data cooperation
Selçuk briefed the minister on SESRIC’s research initiatives concerning trade among OIC member countries. Khan said reliable data is essential for economic research and policy decisions, as accurate statistics reveal trade patterns and help overcome obstacles in commerce among OIC member states.
Our economic partnership must now match the height of our political and strategic bond. In July this year, at the Pakistan-Turkiye Business Conference in Istanbul, I announced the establishment of the Tayyip Erdogan Special Economic Zone in Karachi. Now I invite Turkish… pic.twitter.com/pPFdpe8teG
Did You Know? The announcement came during the 42nd Session of COMCEC in Istanbul, where both ministers reaffirmed their commitment to strengthening trade relations.
Expert Insight: The 1,000-acre allocation is a step toward strengthening industrial ties, while the planned Turkish delegation will review bilateral trade mechanisms to explore practical improvements.
Turkish firms target Karachi industrial zone
Where exactly is the land for Turkish companies located?
The 1,000 acres are earmarked at Karachi Industrial Park, according to Commerce Minister Jam Kamal Khan. The land is intended for Turkish enterprises seeking to establish industrial units in Pakistan.
What will the Turkish delegation do in Pakistan?
Türkiye’s Trade Minister Ömer Bolat agreed to send a delegation of Turkish officials to Pakistan. The delegation will review existing bilateral trade mechanisms and explore practical measures to further improve trade relations.
What agricultural products were discussed for expanded trade?
The ministers discussed Pakistani basmati rice and mangoes. Khan sought Turkish support for greater mango market access, while Bolat stressed the importance of branding basmati rice and assured support for increasing mango imports.
How might the 1,000-acre allocation affect Turkish manufacturing in Pakistan?