Pakistani and Turkish investors sign four agreements

[LahoreEstate]

RECORDER REPORT
LAHORE (January 17 2010): Chief Minister Punjab Shahbaz Sharif has said that the people of Punjab are thankful to the Turkish government and investors for the warm welcome of their trade delegation. He said that such a delegation of Turkish businessmen would soon visit Punjab, a statement issued here on Saturday by DGPR said.

He was addressing a reception hosted in his honour by Department of Foreign Trade (DEIK) of Turkey in Istanbul on Saturday. Vice Chairman, Punjab Investment Board, Pir Saad Ahsanuddin and heads of prominent international trade organisations also addressed the function. Various MoUs were inked between Pakistani and Turkish investors on this occasion.

Four agreements were signed by Ghazi Tractors and Ali Akbar Group with Turk investors, under which Pakistan and Turkey would make trade in drip irrigation, power irrigation, high quality seeds and telecom sectors. Shahbaz said that the agreements made with Turkey were good omen for the economy of Pakistan.

Murat Barsa, head of a reputed international institution manufacturing windmills for generating electricity, said that their institution had set up five megawatts windmills and intended to set up 50 megawatts windmills in future.

He said that the Turk investors had not face any official hindrance in Pakistan and contrary to other countries, bureaucracy of Pakistan had always co-operated with them.

Addressing a seminar organised by the Musaid, an organisation of Investors of Muslim World in Turkey, Shahbaz said that all Muslim countries should cooperate with institutions like Musaid for promotion of mutual trade. Shahbaz Sharif also met Kadir Topbas, mayor of Istanbul. The Mayor informed the delegation that he had visited Pakistan many times where he especially visited the Mazar of Hazrat Allama Iqbal.

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