Turkish President Recep Tayyip Erdogan on Friday vowed to take Pak-Turkey bilateral trade volume to $1 billion in the first phase and eventually to US$ 5 billion later.

Addressing the Pakistan-Turkey Business Forum in Islamabad on Friday, he said there is vast scope for increasing the current two-way trade volume of 800 million dollars.

“We want to take the commercial relations between the two brotherly countries to the same level as political ties,” said Turkish President. He said the two countries can collaborate in a number of industries for their mutual benefit.

Turkey is increasing investments in Pakistan. We have brought down our debt from 72 percent of GDP to 33 per cent. Turkey increased tourists from 13 million to 68 million, resulting in increased to 35 billion dollars from 8.5 billion dollars earned from this sector, he added.