Sample Solution

worth mentioning that goods, especially electronic appliances for home use like T.V. sets, refrigerators, washing machines etc. which were exported by Turkey to many European, Gulf and other countries. They are quality products with normal prices. On the other hand, Turkish automobiles industry is flourishing with eight prominent multinational companies manufacturing more than 200,000 vehicles a year in the country (Sheikh, 2002).

Chapter 4: Pakistan-Turkey economic, trade and investment ties within bilateral framework 1999-2014

During 1999, bilateral relations received a momentous increase when President Musharraf became took the reign of Pakistan in October 1999. He was a great admirer of Mustafa Kamal Ataturk, the founder of modern Turkey, whom he idealized as a model statesman. Exchange of frequent visits by high-level authorities was the ample proof of the growing relationships between these two countries. President General Pervaiz Musharaf visited Turkey in November 1999. The purpose of this visit by the President was to brief the Turkish leaders about the change in the political scenario in Pakistan and improvement in bilateral relations. Since then a number of high-level bilateral visits have taken place. During the meeting in these visits a unanimous opinion was developed on different regional and international issues was made. (Hussain, 2008). During 1999 General Parvez Musharaf was appreciated that the Turkish companies’ participation in development of infrastructure and invited Turkey to bring more investment in this field. The need to discover new horizons and augment bilateral trade was also stressed. Incidentally, Tur