Sample Solution

state visit to Pakistan. During his visit to Pakistan he stated: ‘Our countries has vast potential which can lead to a more intensive economic collaboration, we both have the necessary political will and determination for this purpose.’ On November 15, 1985, the two countries signed an accord to avoid implementation of double taxation between the two countries (Dawn November 16, 1985).
During 1985, Islamabad (Pakistan) enhanced 40 different industrial projects to be set up in Pakistan as joint ventures with Turkey. A trade center was installed in Islamabad. Two joint ventures were a Sugar Mill in Toba Tek Singh and a compressor factory at Faisalabad. Both countries Pakistan and Turkey in order to improve their trade which was running into difficulties because of none complimentarily of their respective economies, agreed to set up a joint committee to make recommendations (Hasan, 2002).
In 1987, the major achievement of the President General Zia Ul Haq’s visit to Turkey was that the two countries got mutual understanding on cooperation in defense production. By concentrating attention on defense production, both countries took an important step forward (Dawn 15 October, 1987).
The common prospective of Ankara and Islamabad bind them together, impulses temporary incompatibilities and inconsistencies in then relationship on side line. Turkish and the Pakistani governments tried to induce their respective private sectors to increase bilateral trade. During 1989 the new Prime Minister of Pakistan Benazir Bhutto visited Ankara and called for reinforcing further deep brotherly ties between Turkey and Pakistan. It was appreciated that excellent political relations were not reflected in their economic cooperation. It was also noted for example that the significance of trade between them was far from satisfactory and the balance had been unfavorable for Pakistan. The deficit grew over the year. In 1983-84 their total trade amounted to Rs.453 million with Pakistan’s deficit standing at 161 million.