Karachi, August 15, 2022 (PPI-OT):President of United Business Group and former President of FPCCI Zubair Tufail congratulated the Governments of Pakistan and Governments of Turkey for signing a preferential trade agreement (PTA) between Pakistan and Turkey to promote trade in goods. And said that the preferential trade agreement between Pakistan and Turkey is an important milestone in the historical and fraternal relations of the two countries. Zubair Tufail, who participated in the ceremony of signing the preferential trade agreement (PTA) between the two countries in Islamabad yesterday and the agreement was signed by Pakistan’s Commerce Minister Syed Naveed Qamar and Turkey’s Commerce Minister Dr. Mehmet Musa.

Zubair Tufail said that the Preferential Trade Agreement (PTA) will pave the way for trade relations and goods from Pakistan can be exported to Turkey. There is strong hope that under the agreement, Pakistani exporters will have access to the Turkish market in 261 tariff lines. Which includes both agriculture and industry sectors. Zubair said that Pakistan and Turkey are strong brotherly countries and there is a strong hope that mutual trade can increase to 5 billion dollars.

The trade agreement will stabilize the economy of both countries. Under the agreement, both countries will be able to trade products. Zubair Tufail said. He further said that after the agreement, Turkish companies will invest in hydropower projects in Pakistan and both countries can speed up bilateral trade by removing all obstacles in the way of investment. President UBG said that Turkish investments Along with cars and commercial shipping, Pakistan’s business community should take advantage of the opportunities.

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