Sample Solution

facilities between the two countries. The late president Ozal remarked, ‘I feel that action should be taken on the proposal, for trade and tariff concessions on selected items’. At that time such proposals were earlier considered under RCD, Whereas RCD being given a new name, the process of strengthening the economic and trade ties should continue uninterrupted (The Pakistan Times 14 April, 1985)
During 1980’s total volume was an indication that through was existed between the two countries; the two governments failed to make use of it. Secondly businessmen on both sides failed to increase the level of trade. Though the volume of trade showed little improvement in 80’s Turkey and Pakistan cooperated in the fields of banking and insurance, transport, communication, tourism and agriculture. The main imports from Turkey have been grams and other pulses, some other food items and manufactured goods. The trade between Pakistan and Turkey was mostly done by air, which was very expensive for both countries (Hasan, 2002).
In1981 Ministerial Joint Commission noted that to remedy inadequacy of shipping services for increasing trade between the two countries, efforts would be made to explore the possibilities among others, of trans-shipment of goods through Gulf ports. At that time the experts decided to meet and to study the matter. During Nineteen hundred eighties, the items of export from Pakistan included rice, iron steel, billet stainless steel sheet, cotton yarn, grey, cloth, surgical instruments, jute yarn, basin cloth and jut looms. Turkey offered Pakistan a 50 million dollars short term revolving credit facility for increasing the size of trade between the two countries. A separate protocol was endorsed between the State Bank of Pakistan and the Central Bank of Turkey finalizing banking arrangements related to the revolving credit (Hassan, 2002).
In the start of eighties (1981) Pakistan began to strain fact that the Muslim countries must strengthen their trade relations with each other, so that their economies could growth, the curse of poverty be excluded and they become less dependent on the West. That time of thoughtful owing to the various factors. The Iranian revolution ensured taken the world by storm. It needed crushed the myth that Western help is essential component for progress. Instead the people of the Muslim world had become influenced that great deeds could be realized through the motivation of masses. Islamic revolution needed enthralled