Turkey to modernize Pakistan’s F16 fighter jets
A senior official of Turkey-Asia Pacific Councils of Foreign Economic Relations Board Volkan Yuzer in Istanbul while, talking to journalists said both countries have struck a deal in an aviation project.
He said some of F-16 Pakistani fighters have already been flown to Turkey.
He said Turkey was manufacturing engines of the F-16 jets, besides making some of their spare-parts as well.
To a question, he said at least 100 Turkish companies were already doing successful business in Pakistan and more investment is expected in future.
More Turkish investment, he said, was expected in energy, infrastructure and beverages projects. He disclosed that Turkish Coca Cola Company was expected to bring in US dollar 250 million investment in Pakistan in next 3 years.
Fielding another question, he said, there was a great potential for investment in Pakistan’s dairy industry as it was one of leading milk producing countries in the world.
Fontera Company which was a big name in this industry, he said, was interested to make investment in the dairy industry but he did not divulge more details.
Replying to a question on signing of the Free Trade Agreement (FTA) by September this year, he said both sides were working out details of the agreement.