Pakistan, Türkiye Reaffirm $5 Billion Trade TargetPakistan

Pakistan reaffirmed its commitment to the agreed $5 billion bilateral trade target and to attracting greater Turkish investment, especially in the Special Economic Zones, the statement said.

The $5 billion target is not a new goal. The two countries have discussed it for several years, agreeing it in 2020 and renewing the commitment again in 2025. Friday’s meeting was the latest step in keeping that target on the agenda.

Kayani invited Turkish companies to explore investment opportunities in Pakistan’s Special Economic Zones and appreciated the participation of Turkish companies in the Pakistan Minerals Investment Forum 2026, 24NewsHD reported.

The two sides also discussed Turkish companies’ interest in the privatisation of Pakistan’s electricity distribution companies and possible investment in the shipbreaking industry, as well as cooperation in minerals and maritime activities.

Both sides agreed to develop practical trade targets and to hold further meetings to strengthen bilateral economic relations, and to keep working on expanding the Trade in Goods agreement.

The meeting comes as Pakistan pushes to deepen economic ties with friendly countries and to attract foreign investment into its special economic zones, minerals and energy sectors.

The commitment echoes a meeting in Istanbul in July, where Prime Minister Shehbaz Sharif and Turkish President Recep Tayyip Erdogan reaffirmed the same $5 billion target and discussed a dedicated special economic zone in Karachi for Turkish investors. Work on that zone is continuing, and negotiations are under way to expand bilateral trade, according to the state broadcaster.

Officials say the two countries want to move beyond statements to measurable trade. The meeting agreed to develop practical targets, hold further meetings and keep expanding the Trade in Goods agreement, which governs tariff preferences between the two countries.