Prime Minister Shehbaz Sharif on Saturday made a pitch to Turkish entrepreneurs to invest in a 10,000- megawatt solar power design for Pakistan, saying “my investor is my master”.
The premier sought the investment while addressing a meeting of the Pakistan-Turkiye Business Council in Istanbul, which he reached latterly for a two-day visit.
He told the investors that his government was resolved to cut down “veritably precious” significances of oil painting and petroleum products, on which$ 27 billion was spent last time. “We simply can’t go through this.”
So, he explained, his government had invited foreign investment at a conference in Islamabad around a month and a half ago for a 10,000 MW solar power design.
PM had given blessing for the prosecution of the solar design in September as part of measures to reduce the import bill.
“It’s not just a paper, or a talk, or a feasibility,” he said about the design moment. “I, along with my associates,() am committed to this gospel that we shall apply this scheme with in letter and spirit with our own coffers, with investment from Turkiye, from China, from Saudia Arabia, from Qatar, from the UAE(United Arab Emirates), from the United States of America, from wherever.”
He assured the investors that the Pakistan government would produce a conducive, enabling, and friendly terrain for them to invest in the design.
“Please try to understand that history is once, and we’re walking into the future with a sense of great understanding, learn our assignment from the history.”
We’ll move forward with this commitment that my investor is my master. And that’s what I believe — not from the moment but from periods — and that’s what we’re going to apply in times to come, “he induced his followership.”
“Please be ready with your resources open,” he prompted them, publicizing that his government would be organising a special conference for “my Turkish sisters and sisters” where a donation would be given on the plan for the design.
He also assured the investors that speedy payments to them would be assured.
“It’ll be a complete departure from history. Within 60 days, Turkish, and of course all transnational investors, will be paid without expedient to any third party,” he said, adding that the payments would be speedy and transparent.
The premier said believed it would be a “gateway for a new order in Pakistan” and allow the country to save billions of bones by cutting down on energy significance.
“Please trust me, trust my words. Come to Pakistan and, I’ll show you that, God willing, we will be great mates in this great investment portfolio, which will be a palm-palm situation,” he prompted the investors. “You’ll get veritably nice gains and we will profit, getting energy from the sun”
PM Shehbaz assured them that the bidding process would be transparent and fair and regulatory detainments.
He also asked the Pakistan minister in Istanbul to grease the Turkish investors in coming to Pakistan.
“Please come to Pakistan. Brother Naveed Qamar will admit you at the field, roll out the red carpet() and I’ll be breaking chuck with you and have a complete discussion over there. And we will only open the doors of the apartments once we’ve come to a establishment and concrete understanding of everything,” he told the investors.
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Pact for enhancing trade volume
PM Shehbaz also prompted the need to enhance trade between Pakistan and Turkiye.
He rued that while had a long history of brotherly relations, this wasn’t duly reflected in the volume of trade and investment between the two countries.
The premier said he was apprehensive the entrepreneurs in Turkey were keen to invest in Pakistan and called for resolving problems impeding trade and investment between the two countries.
“Let’s learn from our experience from history and move with speed so that we can compensate for the losses of history There’s horizonless implicit and capacity on both sides. Let us synergise them. Let us put them together.”
He stressed the need to cut the red tape recording and simplify business regulations to promote investment, publicizing that Pakistan and Turkey had inked a memorandum of understanding to increase the trade volume between the two countries to $5bn from the being $1-1.5 bn in the coming three times.
He assured the Turkish businessmen that any problems they were or would be facing would be addressed and resolved.
Latterly, he said in a tweet that in addition to reviewing the whole diapason of bilateral relations, “President Erdogan and I bandied ways and means to achieve the target of adding trade volume to $5 billion in three times.
We pledged to insure the effective perpetration of the Trade in Goods Agreement in this regard.
In addition to reviewing the whole spectrum of bilateral relations, President Erdogan & I discussed ways and means to achieve the target of increasing trade volume to $5 billion in 3 years. We vowed to ensure effective implementation of Trade in Goods Agreement in this regard.
Defence cooperation
On defence cooperation, the premier said at the moment’s meeting that Pakistan and Turkiye had formerly started the process of common cooperation on this front and assured that the cooperation would be enhanced in times to come.
“We’ll have awful openings to defend our countries through our collective cooperation,” he said.
The premier said Turkiye and Pakistan were two fraternal counties that believed in peace, in “peaceful means to live and co-occur in this world which, unfortunately, believes might is right. And with their military progress and fiscal muscle, some have the habit of decreeing terms.”
“But we believe in peaceful means and peaceful instruments, and that has to be the world order.”
before, the PM nominated the launch of a Milgem Corvette boat as one of the “finest moments” in ties between Turkiye and Pakistan which will strengthen and enhance the two countries ’ defence products and common cooperation.
PM Shehbaz witnessed the induction of the third of four Milgem Corvette vessels for the Pakistan Navy at the Istanbul Shipyard on Friday.
The Milgem design — grounded on a common collaboration between Turkiye and Pakistan was inked with ASFAT inc, a Turkish state-possessed Defence contractor establishment in 2018, according to which the Pakistan cortege would acquire four Milgem- class vessels from Turkey.
Speaking about the design moment, PM Shehbaz said Milgem Corvette was a “great step forward” in terms of defence cooperation between the two countries.
