ISLAMABAD: Pakistan and Turkey: Pakistan has reciprocated by expressing support for Turkey’s policy on Northern Cyprus. Both nations have sought to expand cooperation to fight terrorism. Both countries are also members of the Organisation of Islamic Cooperation. Turkey is also currently a major arms seller to Pakistan.
Turkish private corporations have also invested significantly in industrial and construction projects developing highways, pipelines and canals. The two countries are negotiating the Turkey-Pakistan Free Trade Agreement. In August 2022, Pakistan and Turkey signed a Preferential Trade Agreement. During the last 26 years the exports of Turkey to Pakistan have increased at an annualized rate of 8.89%, from $89.8M in 1995 to $822M in 2021. In 2021, Turkey did not export any services to Pakistan. Comparison In 2021, Pakistan ranked 87 in the Economic Complexity Index (ECI -0.55), and 66 in total exports ($32.7B).
