Asia - Pacific

Summit of Pak-Turk entrepreneurs mulls boosting bilateral trade

Group of Pakistani entrepreneur network, Turkish companies to strengthen trade, business

Riyaz ul Khaliq   | 21.05.2022
Summit of Pak-Turk entrepreneurs mulls boosting bilateral trade


Turkish and Pakistani entrepreneurs came together Friday to network in the Turkish metropolis of Istanbul to work toward the “prosperity” of the two countries. 

“Entrepreneurship allows people to think beyond government to create opportunities of employment thus the prosperity of a country,” said Waqar Badshah, a Pakistani academic, who addressed a boot camp of entrepreneurs at Istanbul Sabahattin Zaim University (IZU).

A group of Pakistani entrepreneurs, mostly from the IT sector, have been camping in Turkiye for one week and building networks and relations "to help progress the bilateral trade and business relations of the two countries," said Saad Allahwala, who lead the Pakistani delegation.

While Nasuh Uslu, IZU vice rector, urged the entrepreneurs to work toward enhancing bilateral trade between the two countries, Economics professor Mehmet Bulut said the Zaim Tech Park, which opened last year, was open to entrepreneurs from the two countries to start businesses.

Bulut said the young businessmen “should focus on new technologies” to develop the economies.

The IZU also hosted a tech summit of Pakistani entrepreneurs last year.

Saad Allahwala, leader of Pakistani delegation

Allahwala told Anadolu Agency that during the current trip “Pakistani entrepreneurs individually met Turkish companies and individuals for networking and building relations.”

“The digital boom has eroded barriers between owner, company and customer and our two countries should take benefit of such an opportunity,” he said.

“One can earn money sitting in Pakistan from anywhere in the world and it is possible because of the boom in the IT sector which has allowed people to earn money and invest in their localities in different developmental projects,” said Allahwala, who is the Karachi chapter director of Startup Grind.

“We are here to invite Turkish companies to Pakistan,” he said. “We are a very welcoming nation.”

Talha Akbas, international relations chairman of Young MUSIAD (Turkish business association) Turkiye, said: "Young MUSIAD is working with Pakistani counterparts to build relations in different sectors to boost and strengthen our trade."

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