Minister Ihsan Sabir Cagnalaygil said, ‘Cooperation between the two countries in the economic and technical fields already occurs under RCD which Pakistan’s neighbor Iran also joins. That arrangement pursues to reinforce and expand the cooperation within a bilateral frame work’. It covers a wide range of economic activities, joint projects in fields of agriculture, industry, commerce and transportation, beside development of technical cooperation imagining provisions, on a reciprocal basis, of experts, documentation and technical training. Indeed it opens wholly new vista of cooperation between two countries, the potential of which will grow and increase in quality and range as economic development of both countries profits (Hasan, 2002). RCD Ministerial Council meeting held in Pakistan in January 1976 the three member states resolved to take measures to strengthen and revitalize the RCD. This clearly reflected an awareness that the organization had not been able to achieve all that it set out to achieve. At the Izmir RCD Summit held in April 1976, the then Pakistani Premier emphasized the importance of removing all obstacles between the intra-regional trade of these two nations to establish a free trade area. The Izmir Treaty was signed in March 1977 by RCD member nations, which paved the way for the foundation of RCD investment and development bank to initiate, promote and finance projects of a regional importance (Ali, 2001). As a member of RCD Pakistan and Turkey made a good progress like various roads for enlarged Pakistan-Turkish trade were explored, it was originate that Turkish traders were interested in importing from Pakistani items that like surgical instruments, caustic soda, glycerin, castor oil, and products of stainless steel. On the other side Pakistani Importers were keen to buy chemicals and textiles auxiliaries among other goods from Turkey. At the session of the Pakistan-Turkish Joint Commission for Economic and Technical Cooperation which was held in Islamabad (Pakistan) in March 1977, the two governments Pakistan and Turkey obligated to identify a number of areas of cooperation, counting agriculture and food. That interest was shown at the time of launching joint ventures in the fields of com>