Pak PM invites Turkish investors to ‘join hands’ on renewable energy

ISTANBUL-UNS-Prime Minister Shehbaz Sharif on Friday invited Turkey to join hands in investing in renewable energy production and reduce dependence on traditional energy sources.

Prime minister was participated in the ceremoney in the third of four Milgem Corvette ships for the Pakistan Navy at the Istanbul Shipyard during a two-day official visit to Turkey at the invitation of Turkish President Recep Tayyip Erdogan.

PM Shehbaz said Bemoaning Pakistan’s import bill due to petroleum products,Pakistan wanted to shift to renewable sources of energy — solar, hydel and wind — and Turkish investors had great potential for financing these fields.

“I want to propose … that let’s join hands together and get rid of high-carbon emissions, cut our import bills and let’s really promote investment in these fields.”

PM Shehbaz said solar, hydel and wind energy would make “great sense” for promoting investments between the two countries.

“I think it’s high time we transform our relations into something because the world is envious of our relation and our brotherhood but they also say that while ‘these two countries are great and their hearts beat together’ … but they also say that our trade and investment relations are not commensurate with our historical relations and brotherhood.”

The prime minister said the two countries under Erdogan’s leadership had a “great chance” to move forward in this field.

Regarding the ship’s launch, PM Shehbaz said Turkey and Pakistan were “deeply engaged” in promoting their defence capabilities for peace to ward off aggression. He said the ship’s launch was for defence purposes instead of any aggression.

The prime minister called on Turkey to further collaborate on their defence production capacities to ensure that peace was restored in the world, adding that the globe was facing “great tensions”.

Shehbaz said the Russia-Ukraine conflict had created multifarious problems for global societies and appreciated Erdogan’s efforts for peace and brokering the wheat shipment deal.

He also appreciated Turkey’s aid and help to Pakistan after the recent catastrophic floods in the country.

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