Booking overseas link
Booking overseas link


Ankara: Turkey proposed a $138.5 billion ($18.53 billion) capital spending budget for 2021, with telecom and infrastructure programs attracting the highest investment funds.

Read Turkish Real Estate Developers Eager to Invest in Pakistan

The policy, published in the Official Gazette, supported almost $6 billion for public spending in the transport and communications sector in 2021, and another $2.6 billion for education programs. Other fields of investment include manufacturing, wellness, agriculture, tourism, and energy.

Turkey’s Ministry of Transport and Irrigation will receive some $2 billion under the program, while the State Hydraulics Works (DSI) will obtain $1.8 billion and the Highways Directorate $1.75 billion.

Read Digital onboarding payment solutions for overseas Pakistanis being offered by Pakistan

President Tayyip Erdogan, who has been in office for nearly 20 years with five straight election wins, enjoyed a steady yearly increase of about 5% until 2018, fueled by cheap foreign loans and “mega-projects” ranging from bridges and tunnels to roads, hospitals, and other development.

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