ISLAMABAD Prime Minister Syed Yousuf Raza Gilani and visiting Turkish President Abdullah Gul on Wednesday called for further strengthening friendly relations between the two countries through enhanced bilateral trade and economic cooperation. While addressing the Pak-Turk CEOs forum, Turkish President also offered help in steering Pakistan out of the energy crisis. The forum was jointly organised by the Board of Investment and Islamabad Chamber of Commerce and Industry. The Turkish President said, There is a need to enhance the economic ties between the two countries. There are some important economic reforms to be taken in Pakistan in near future, he said and added that there is a need to utilise the natural resources of the country, which were still untouched. He was of the view that Pakistan should generate hydro electricity from the rivers, as Turkey also did it and in this regard his country would help Pakistan from its own experiences. Similarly, he said Pakistan should use coal to generate electricity to overcome the power crises. He further said that the Cargo Train Service from Islamabad to Istanbul would be started from August 20. The Service will deliver goods in a two-week time instead of 45-day of shipping time. He said the Service would go through Iran to Turkey, which would be later extended to Europe. He said the bilateral trade should go beyond $ 5 billion in near future, as both the countries are capable to enhance it. Pakistan is an important country of the region and its importance cannot be undermined at any cost, Gul said and added that Pakistan had rendered matchless sacrifices in war against terror. Turkey, he said, will continue to play its role for peace and stability in Pakistan. We are trying our level best to increase volume of trade between Pakistan and Turkey from $ 2 billion to $ 5 billion, he said. Economic cooperation between Pakistan and Turkey can bring both the countries more close to each other, he said. Earlier, Prime Minister Yusuf Raza Gilani, in his remakes, said that this joint sitting of the Pakistani business leaders along with their Turkish counterparts was not only a manifestation of the cordial ties but it also reflected the joint commitment and determination of the both sides to broaden the horizon of the economic cooperation. He said todays forum is yet another stepping-stone towards achieving the economic prosperity for the people of two countries. Trade and investment can play a pivotal role in strengthening the economic and political ties between these nations, he said and added, We are living in a time when economic considerations drive our political motivations. He said Pakistan with its vast landmass, a market of over 170 million and an efficient workforce of 46 million, offers vast business and investment opportunities. The target of bilateral trade of $ US 2 billion by 2012, set by the two countries, can be achieved. We can make concerted efforts to reach that goal, he added. He also said that bilateral trade volume should be increased to $ 5 billion. He further said all sectors of the economy are open for foreign investment. Any foreign entrepreneur can come to Pakistan and start business here without undergoing cumbersome processes of approvals or sanctions. Foreign entrepreneurs can invest in Pakistan on 100 percent equity basis or through joint ventures. The responsible authorities in Pakistan will help and facilitate them in their endeavours, he added. He said, Pakistans financial sector is one of the most resilient in Asia; energy including alternate energy; agribusiness and agro-industry, infrastructure, social sectors, tourism and connectivity with the region and beyond through establishment of rail and road linkages, are some of the prospective fields where joint collaboration between the corporate entities stand tremendous scope. Prime Minister said Pakistani businessmen can also explore the investment opportunities in Turkey and the Government would fully support and facilitate them. Zahid Maqbool, President Islamabad chamber of Commerce and Industry, in his remarks, said, Pakistan offers tremendous incentives to foreign investors and there are lot of lucrative investment opportunities for Turkish investors in different sectors of Pakistan including energy, oil and gas, automobiles, textiles and infrastructures development. He said the visit of Turkish delegation would go a long way in promoting bilateral trade and economic relations and in achieving the target of two-way trade volume of $ 2 billion set by the Government from the current $ 782 million in the coming 18 months.