Pakistan has reaffirmed its target of increasing bilateral trade with Turkiye to $5 billion and invited Turkish companies to invest in its Special Economic Zones (SEZs) and other sectors.

The commitment was reiterated on Friday during a meeting between Turkish Ambassador Irfan Neziroglu and Minister of State for Finance and Revenue Bilal Azhar Kayani in Islamabad.

According to a Finance Division statement, both sides discussed opportunities to expand trade, investment and cooperation in the energy sector.

Kayani welcomed Turkish companies’ interest in Pakistan and said both countries should use their strong political ties to increase bilateral trade.

He highlighted Turkish participation in the Pakistan Minerals Investment Forum 2026 and interest from Turkish companies in the privatisation of power distribution companies (DISCOs).

The minister also identified minerals, maritime activities and ship breaking as potential areas for joint investment.

Both sides agreed to make fresh efforts to expand the Pakistan-Turkiye Trade in Goods Agreement and develop practical measures to increase trade and investment. They also agreed to hold further meetings to advance cooperation.

The $5 billion bilateral trade target has been discussed by both countries for several years. Pakistan and Turkiye first announced plans to increase trade to this level in 2020 and reiterated the commitment in September 2025.

However, the target remains an important goal, with both governments now seeking to translate their political relationship into greater trade volumes and investment commitments.