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meeting of the representatives of the three national airlines at Tehran. The three countries (Iran, Pakistan and Turkey) airlines decided to take necessary steps for increasing their inter-lines cargo business on both inter-regional and international routes. On the second side the national airlines also decided to give 50 percent discount to students of the three member countries travelling within the region. This cooperation was seen to be vitally important for promoting free movement of goods and people within the region (Ali, 2001). Thus in May 1978 both countries Turkey and Pakistan in the next meeting of the Joint Commission which were held in Ankara (Turkey) , it was noted that an increase of items in trade had taken place during the last financial year. That increase was accounted for by the addition of a wholly new item of Pakistan which were based in import like fuel, oil, and a virtual doubling of the export of Pakistani rice to Turkey, during the year. That rising trend however, could not be continued. The total size of trade which proclaimed to Rs 301 million in 1977-78 came down to Rs 242 million in 1977-78.Pakistani exports to Turkey had pointed off from Rs 244 million in 1977-78 to Rs 160 million in 1978-79 (The Pakistan Times 24 December 1979).

Chapter 3: Pakistan-Turkey Cooperation in Economic, Trade and Investment Sectors (1980-1999)

In 1980 Turkish President Evrin confirmed his determination for further strengthening and expanding the cooperation between the two countries and both sides communicated fulfillment over joint ventures in different field, such as communications, electronics, auto motives, engineering and pharmaceuticals. Though there was a realization that the full potential of bilateral trade had not been exploited. Latterly the Turkish President Turgul Ozal thrown Turkey on the road to economic liberalization and Turkey’s industry went through a rapid phase of modification. At the same time in January 1980 Turkey approved a comprehensive economic adjustment program relying heavily on market concerned with solutions. Turkish late President Turgul Ozal had called for more tariff concession on selected terms to promote trade and commerce between Turkey and Pakistan. Turkish President Turgul Ozal in an interview with the Gulf Economist obligated and also strained the need for providing an infrastructure for communication and t