ISTANBUL: Amid the controversy surrounding the purchase of new jets from the United States, Pakistan have signed a deal with Turkey in aviation sector.As per deal, Turkey will modernize Pakistan’s fleet of forty-one F-16 jets at a cost of $75 million.
A senior official of the Istanbul-based Foreign Economic Relations Board (DIEK) told reporters on Saturday that both countries have struck a deal in an aviation project under which some Pakistani fighter planes have already been flown to Turkey, The Express Tribune reported.
A Turkish Aerospace industry (TAI) reports that the Pakistan Air Force (PAF) had awarded the tender of modernisation of its 41 F-16 aircraft to TAI in June 2009. The upgrade of jets started in the last quarter of 2010 when the first three aircraft were flown to Turkey.
Volkan Yuzer, coordinator of Asia-Pacific regional at DIEK stated that Pak-Turkish relations were growing in the defence sector adding that Turkey was already manufacturing some of the spare parts and engines for F-16 jets.
Shading light on the business opportunities in Pakistan, Yuzer said at least 100 Turkish companies were already operating successfully in the country and had invested $2.7 billion in various projects by 2014.
He further stated that Turkish firms are expected to invest more in the energy, infrastructure and beverages projects.
Replying to a question on signing the Free-Trade Agreement between the two countries expected by September this year, Yuzer said both sides were working out the details of the agreement.