ISLAMABAD — Pakistan has reaffirmed its commitment to the agreed $5 billion bilateral trade target with Turkiye and wants more Turkish investment, especially in its Special Economic Zones (SEZs). The pledge came on Friday when Turkish Ambassador Irfan Nezioglu called on Minister of State for Finance and Revenue Bilal Azhar Kayani in Islamabad, according to a Finance Division press release.
The two sides reviewed cooperation in trade, investment, and energy. Kayani welcomed Turkiye’s strong interest in investing in Pakistan and said both countries should use their strong political goodwill to increase trade volumes. Minerals, DISCOs, and Ship Breaking The minister appreciated the active participation of Turkish companies in the Pakistan Minerals Investment Forum 2026 (PMIF26) underway in Islamabad, as well as the interest of Turkish firms in the privatization of power distribution companies (DISCOs). He also pointed to maritime and ship breaking as sectors with significant room for partnerships between the two countries.
Both sides agreed to renew efforts to expand the Pakistan-Turkiye Trade in Goods Agreement, discussed ways to turn political goodwill into actionable targets, and agreed to hold further meetings. A Target Still Waiting to Be Met The $5 billion goal is not new.