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Pakistan, Turkiye Expand Trade, Investment Talks in Istanbul

The leaders reaffirmed a $5 billion trade target and discussed investment in special economic zones, energy, transport, critical minerals, and digital infrastructure.

  • On Saturday, Prime Minister Shehbaz Sharif and Turkish President Recep Tayyip Erdogan met in Istanbul, reaffirming their commitment to increase bilateral trade volume to $5 billion and discussing concrete steps to unlock their economic partnership.
  • Describing the relationship as "two hearts with one soul," Sharif and Erdogan emphasized their nations share a "heartfelt bond" rooted in shared history, culture, and mutual sacrifices, positioning the partnership to enter a "new phase."
  • Prime Minister Sharif invited Turkcell Chief Executive Officer Ali Taha Koc to collaborate on Pakistan's digital infrastructure, including 5G deployment and software development, while trade ministries work to establish a special economic zone in Karachi.
  • President Erdogan warned that "the current war-addicted Israeli government must not be allowed to drown our geography in the smell of gunpowder and blood again," while Sharif expressed appreciation for Turkiye's "unwavering support" for Jammu and Kashmir.
  • Negotiations are ongoing to expand the scope of the preferential trade agreement, as President Erdogan encouraged Turkish investors to "engage in more activities in Pakistan" to strengthen the growing economic corridor.
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(Jakarta=Yonhap News) Correspondent Son Hyun-kyu = Pakistan and Turkey, "Islamic brother nations," held a summit and agreed to strengthen bilateral cooperation in fields such as trade and defense...

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Pakistan Today broke the news in Pakistan on Saturday, July 4, 2026.
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