Turkey to invest $1 billion in Pakistan over 3 years

[Leader]

Turkey has decided to invest one billion dollars in Pakistan’s communication, textile and automotive sectors during the next three years, according to Turgat Bayan, founder of the Pak-Turk Business Council.

According to the Board of Investment (BOI), Bayan informed the newly appointed Chairman Board of Investment Mohammad Zubair about the incoming investments from Turkey. Turkey has previously invested $370 million in direct investments in Pakistan.

The news is seen as a significant development that may boost dwindling investments long affected by red tape, a fact the PML-N government is trying to change. For the current year, the government has set an ambitious target of $ 2 billion in investment, more than double the investment that came in the last fiscal year. The Turkish investment, which matures in three years, will help increase an extremely low investment to GDP ratio that has plunged to historical lows.

more:

Helping hand: Turkey to invest $1 billion in Pakistan over 3 years – The Express Tribune

 

[Edevelop]

Good

 

[BLACKEAGLE]

Good for you, hope other countries follow. Pakistan has everything investments take, from highly trained cheap labor to infrastructure.

 

[darkinsky]

1 billion in 3 years is very low especially for a friend country like turkey

or maybe that their limit, waiting for high fi investments like the one china had agreed in 2010 with PMLN for 50 billion dollars just in punjab, 150 billion for entire country

i think USA, canada germany, japan, france UK can be pulled in

 

[Yabgu]

1 billion in 3 years is very low especially for a friend country like turkey

or maybe that their limit, waiting for high fi investments like the one china had agreed in 2010 with PMLN for 50 billion dollars just in punjab, 150 billion for entire country

i think USA, canada germany, japan, france UK can be pulled in

Wow 150 billion is alot....... I dnt think many countries can match that and Pakistan has strategic significance for China maybe that's why.

 

[Edevelop]

1 billion in 3 years is very low especially for a friend country like turkey

or maybe that their limit, waiting for high fi investments like the one china had agreed in 2010 with PMLN for 50 billion dollars just in punjab, 150 billion for entire country

i think USA, canada germany, japan, france UK can be pulled in

You are crazy. $ 1 billion is a lot and at least its an increase from few millions. As per the article, the ambiitous target is $2 billion. Just to ease things mentally, consider converting it into rupees.

 

[Jungibaaz]

OT: Good on Turkey. We need to kick start investment in the economy, it all fell sharply around 2008-2009 period.

or maybe that their limit, waiting for high fi investments like the one china had agreed in 2010 with PMLN for 50 billion dollars just in punjab, 150 billion for entire country

That has to be wrong, where did you hear this story buddy? What's time period?

That's like a decade of investments in one go.
And such massive investments aren't always good, they create asset bubbles.

 

[Neptune]

Seems a little low for me too. It could be 15-20 billions. Btw not to mention about our defence contracts

 

[AZADPAKISTAN2009]

I think Turkey should get all the contracts for our Mega Cities Waste Management Projects and Metro Projects worth billions

Karachi Metro + Waste Management City Wide(Dire Need, the dirtiest city no pun intended)
Rawalpindi Metro + Waste Management City Wide
Quetta Metro + Waste Management City Wide
Hydrabad Metro + Waste Management City Wide
Pishawar Metro + Waste Management City wide

China should get Train Projects, Coal Extraction , Hydro projects

Turkish company has helped make few cities beautiful by training local workers and staff on best principles to maintain cities

Before

After

 

[darkinsky]

Wow 150 billion is alot....... I dnt think many countries can match that and Pakistan has strategic significance for China maybe that's why.

which never materialised in the fist place

 

[Yabgu]

Seems a little low for me too. It could be 15-20 billions. Btw not to mention about our defence contracts

Seriously your always in a delusion, I doubt most of your so called knowledge you make up funny numbers continously. Do you think 15-20 billion is little money? How many times do you see such investment. You seem to have no idea on this topic as well.

 

[Yabgu]

The more stable Pakistan is the more private investment will come to increase employment etc

 

[AZADPAKISTAN2009]

Well even 1 Billion dollars is great from Turkish friends , and that is why I say open the door to Turkish companies for city management, Operations as they can train local staff/members

 

[Neptune]

Seriously your always in a delusion, I doubt most of your so called knowledge you make up funny numbers continously. Do you think 15-20 billion is little money? How many times do you see such investment. You seem to have no idea on this topic as well.

well 20 is not but 15 is possible. Have you ever checked the foreign investment of Turkey? It's possible. I checked, but as due to the recent global economical crisis. It's not at it's bests. And you can stop having a personal hate against me only because I did not ban someone you really wanted just because he has positive feels towards other groups.