30th RCCI INT’L ACHIEVEMENT AWARDS HELD IN ISTANBUL
NC Monitoring Desk
ISTANBUL: Leading businessmen of Pakistan and Turkey participated in the “Pakistan-Turkey Business Opportunities Conference” organized by the Rawalpindi Chamber of Commerce & Industry (RCCI) in collaboration with All Industrialists & Businessmen Association of Turkey (TUMSIAD) in Istanbul. Over 700 businessmen from Pakistan and representatives of over 150 Turkish companies attended the event, said a press release received here from Istanbul. President of RCCI Raja Amir Iqbal made a comprehensive presentation about business opportunities in Pakistan and urged the Turkish counterparts to take advantage of the Conducive environment and business investment in Pakistan. “Pakistan has over 185 billion tons of coal reserves which is equivalent to 618 billion barrels of crude oil reserves in terms of energy output, while the country has 31.3 trillion cubic meters of natural gas reserves,” informed Iqbal. He urged the businessmen of both countries to play their role to enhance bilateral trade, which was about $610 million in 2016. Raja Amir Iqbal also briefed the Turkish businessmen about the multibillion dollar China Pakistan Economic Corridor (CPEC) project which would transform the entire region into a hub of economic activities.Charge d’ Affairs of Pakistan, Syed Ali Asad Gilani in his remarks mentioned that the multi-faceted relationship between Pakistan and Turkey was flourishing in diverse fields. “The growing Turkish involvement in socio-economic development of Pakistan, are clear manifestation of the desire of the leadership on both sides to transform this strong political and cultural relationship into a robust economic partnership,” Gilani added. He highlighted that symbols of Turkish corporate footprint on Pakistan’s economic landscape are emerging fast. Metro Buses, Solid Waste Management, Turkish participation in construction of different portions of Motorway, Arcelik’s investment of US $ 258 million for acquisition of Dawlance, Zorlu’s undertaking of 300 MW of Solar power generation in Quaid e Azam Solar Energy Park, and Hayat Kimya’s plans to invest US $ 50 million for setting up a baby diaper manufacturing facility in Pakistan are some of the examples of growing Turkish investment in Pakistan, he added.