Prime Minister Shehbaz Sharif on Saturday made offer to Turkish entrepreneurs to invest in 10,000 megawatt solar array power project for Pakistan saying “My investor is my master.”
The prime minister was looking for investments, speaking at a meeting of Pakistani Turkish Business Council in Istanbul, where he reached later for two day visit.
He told investors that his government it was decided to reduce down “very expensive import of oil and oil products, on which was spent 27 billion dollars. last year. “We just can’t afford it.”
So, he explained, government invited foreign investors to conferences in Islamabad for about a month and half back for 10,000 MW solar array power project.
prime minister agreed for performance of solar project in September with of measures to reduce import invoice.
“Is not just document, or report, or feasibility study,” he said of project Today. “I, together with my colleagues, […] committed to this philosophy that we will implement this scheme with in letter and spirit with own resources, with investments from Turkey, China, Saudi Arabia, Qatar, UAE (United Arab Emirates), USA of America, anywhere.”
He assured investors that Pakistan government will create a favorable, stimulating and friendly environment for invest them in in project.
“Please try to understand that past is past and we go to future with feeling of great understanding, learn from past.
We will move forward with it is a commitment that my investor is my host. And this is what I believe in – not from today, but from centuries – and this is what we are going to realize. in times will come,” he assured his audience.
“Please be ready with open your chests,” he urged them, declaring that his government will organize special conference for “my Turkish brothers and sisters”, where the presentation will take place on plan for in project.
He also assured investors that prompt payments would be provided to them.
“This will complete departure from past. Within 60 days Turkish and of of course everything international investors, will be paid without recourse to any third party party”, he said, adding that the payments will be fast and transparent.
The prime minister said that he believed that it would be “the gate for a new order in Pakistan” and allow country to save billions of dollars per cutting down on fuel import.
“Please trust me, trust my words. Come to Pakistan and I show you that, God willing, we will great partners in this is great investment portfolio that will win-win situation,” he urged investors. “You will make a very good profit, and we will benefit by getting energy from the sun.”
Prime Minister Shehbaz assured them that the bidding process would be transparent and fair, with red tape.
He also asked the Pakistani ambassador. in Istanbul to assist Turkish investors in comes to Pakistan.
“Please come to Pakistan. Brother Navid Kamar will meet you at the airport, turn off out red carpet […] and I will break bread with you have complete discussion over there. And we’ll just open the doors of rooms, as soon as we came to a firm and concrete understanding of everything,” he told investors.
Pact for gain trade volume
Prime Minister Shehbaz also urged need improve trade between Pakistan and Turkey.
He regretted that for a long time history of fraternal relations, this was not properly reflected in volume of trade and investment between the two countries.
The prime minister said that he knows about entrepreneurs in Turkey sought to invest in Pakistan is called for permission problems obstructive trade and investment between the two countries.
“Let’s learn from our experience from past as well as move with speed so we can compensate for losses of in past … There is endless potential and opportunity on both sides. Let us synergize them. Let us connect them.”
He emphasized need reduce red tape and simplify business investment promotion rules, announcing that Pakistan and Turkey have signed a memorandum of understanding to increase trade volume between two countries up to $5 billion from the existing $1-1.5 billion. in in next three years.
He assured Turkish businessmen that any problems they were or will be facing will be considered and decided.
Later he said in the tweet that in in addition to considering the full spectrum of bilateral relations, “President Erdogan and I discussed ways and means to achieve the goal of increase trade volume up to 5 billion dollars in three years.
We swore ensure effective implementation of trade in commodity agreement in in this regard.”
Defense cooperation
Regarding cooperation in the field of defense, the Prime Minister said at today’s meeting that Pakistan and Turkey already started the process of joint cooperation on on this front and assured that cooperation will be strengthened in times come.
“We will have excellent opportunities to protect our countries thanks to our mutual cooperation,” he said.
The Prime Minister said that Turkey and Pakistan are two brotherly countries that believe in world, in “peaceful means of subsistence and coexistence in this is world who unfortunately thinks he might be right. As well as with them military progress as well as financial muscle some have a habit of dictate terms.
“But we believe in peaceful means and peaceful instruments, and this should be world order.”
Earlier, the prime minister called the launch of ship Milgem Corvette as one of “best moments” in ties between Turkey and Pakistan that will strengthen and reinforce the two countries’ defense production and joint cooperation.
Prime Minister Shahbaz attended the inauguration of third of four Milgem Corvette ships for Pakistan Navy at the Istanbul shipyard on Friday.
milgem project – based on on signed joint cooperation between Turkey and Pakistan with ASFAT inc, Turkish government defense contractor. in 2018, according to which the Pakistan Navy acquire four Milgem-class ships from Turkey.
Speaking of project Prime Minister Shehbaz said today that the Milgem Corvette was “great step forward” in terms of defense cooperation between the two countries.
