Pakistan, Turkiye vow to hike trade to $5bn

Pakistan and Turkiye on Monday set their sights on enhancing annual bilateral trade to $5 billion, besides intensifying their defense collaboration as the two countries prepared for their upcoming high-level bilateral summit. Deputy Prime Minister and Foreign Minister Ishaq Dar, while speaking at the Foreign Office after a meeting with visiting Turkish FM Hakan Fidan, said the two sides agreed on increasing trade to $5bn in three years. Mr Fidan, while emphasising the need for expanding trade, noted that the annual bilateral trade volume was currently just $1bn. During their meeting, the two sides reviewed the state of bilateral relations and discussed specific preparations for the upcoming 7th session of the Pakistan-Turkiye High-Level Strategic Cooperation Council.