Pakistan and Turkey also agreed to upgrade their existing trade agreement and reiterated a past pledge to boost annual bilateral trade volume to $5 billion from roughly $1.5 billion. In May 2023, the two signed a Preferential Trade Agreement, reducing Pakistani tariffs on 130 product categories, while Turkey cut down tariffs on 261 products lines.

Pakistan and Turkiye on Thursday agreed to strengthen bilateral cooperation in multiple fields including defense, economy, science, education and health besides reiterating the efforts to achieve the goal of $5 billion bilateral trade volume.