Sample Solution

the ninth Pakistan-Turkey Joint Commission on Economic and Technical Cooperation foresaw greater bilateral cooperation. That protocol was also highlighted in cooperation between the scientific and technical organization of the two countries. It was remarkable to note that both countries decided that the Turkey would offer transit services in communication equipment.
It was also decided in the same year 1993 to constitute a committee of technical experts of both countries which would chalk out a detailed and comprehensive plan with concrete proposals for the development and progress of communication skills. In the same year Turkish government lifted antidumping duty imposed on the imports on Pakistan Export of cotton yarn required provided opportunities to other yarn exporting countries i.e. India, China and Brazil to fill the gap. Pakistan exports around two million kilos yarn to Turkey. The Pakistan’s Textiles sector exporter appreciated the Turkish government’s decision to withdraw the duty (Hasan, 2002).

Private Investment
In 1993, the Turkish highway construction company STFA was awarded the contract by the Government of Pakistan. The Turkish private sector needed successfully qualified to execute part of the prestigious Indus Highway project. At that time the second major private Turkish investment company was STFA (Sezai T??rke Fevzi Akkaya) construction company, with a total capital commitment of $597 million. Through 1998 five projects were accomplished, counting the $138 million Jinnah Naval Complex, the $100 million Lahore Bypass Project, the $42 million Indus Highway Project, the $6 million Ormara Water Supply Project and the $5 million Ormara Submarine Rebuild Project (Ahmad, 2000).
On March 1993, the contract for the construction of the Islamabad-Peshawar section of the Pakistan Motorway was awarded to Messieurs Byinder Holding Construction of Turkey. The total length of Islamabad-Peshawar Motorway was noted 189 km. Total estimate of that project was targeted to be at Rs.16.5 million which would be completed on partial financing basis with 60% GOP funding, 40% as a loan back by the government of the Turkey (Ahmad, 2000).