Friday, March 1, 2024

Turkish Companies eager to set up Industrial units in Pakistan

A delegation of investors expressed a keen interest in the establishment of industrial units to meet the needs of the construction industry in Pakistan.

The Investors Delegation paid a visit to the Chamber of Commerce and Industry of Islamabad (ICCI). ADO Group President Mustafa Sak, Chairman of Bricks Plus Kamil Arsalan, NG Kutahya Saramik Porselen Turizm Mustafa Orhon, included members of the Turkish delegation.

Imarat Group of Companies Chairman Shafiq Akbar welcomed the delegation on behalf of the business community of Pakistan, along with ICCI President Sardar Yasir Ilyas Khan, former President Muhammad Ejaz Abbasi, and the President of the Islamabad Builders Association.

The delegation was briefed by Sardar Yasir Ilyas Khan on potential business and investment opportunities in Pakistan’s construction and real estate business. The President of the ICCI stressed the huge demand in the Pakistani market for commercial and private buildings, as well as the construction package announced by the government of the PTI to uplift the construction industry. He concluded that this was the right time to explore joint ventures and direct investment opportunities for investors. He told the delegation that to the best extent possible, the ICCI will encourage investors.

Similarly, the members of the delegation, including ADO Group President Mustafa Sak, said they saw enormous investment potential in Pakistan. He expressed enthusiasm for setting up industrial units to manufacture building materials in the country to meet the needs of the local construction industry.

According to the delegation, a preferential trade agreement was signed between Pakistan and Turkey to increase trade and investment in multiple sectors of Pakistan’s economy. In order to increase the amount of bilateral trade between the two nations, special focus has been put on the transport, telecommunications, manufacturing and tourism industries.

Shafiq Akbar, Chairman of the Imarat Group of Companies, pointed out the potential of Pakistan’s construction industry. He also claimed that the Imarat Group sought to bring more investors to Pakistan from Turkey, adding that this would not only boost bilateral trade relations, but also reinforce the bond of friendship between the two countries.

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