Sri Lanka-Pakistan Business Council hosts interactive session.
Daily FT: Pakistan High Commissioner Maj. Gen. (retd.) Umar Farooq Burki HI and Trade and Investment Attaché Asmma Kamal attended an interactive session organised by the Sri Lanka-Pakistan Business Council under the auspices of Ceylon Chamber of Commerce recently.
The High Commissioner underlined his top agenda in promoting business to business linkages and bilateral trade between Pakistan and Sri Lanka. He underscored the need to capitalise on mutually beneficial trade and Investment opportunities, especially during the current economic challenges. He emphasised that the High Commission of Pakistan would continue to provide utmost facilitation and support to Sri Lankan businesses to enhance trade with Pakistan.
Kamal, delivered a detailed presentation on “Recent developments in bilateral trade and potential for joint ventures between Pakistan and Sri Lanka,” which encompassed trade data analysis, current challenges and opportunities in bilateral trade and investment and the way forward.
The above was followed by a Q&A session by the SLPBC members with the High Commissioner and an informal networking session. Sri Lankan companies showed eager interest in deepening business ties with Pakistani companies especially in textiles and apparel, construction materials, electrical products, healthcare and personal care products etc.
OSL take:
Sri Lanka and Pakistan enjoy strong bilateral and trade ties that have been further strengthened by a free trade agreement (FTA) that has greatly benefited the two countries. Sri Lanka’s geographical positioning in the Indian Ocean and strong trade ties with many countries has presented many business/investment opportunities to Pakistani businesses/investors. The strong ties between the two countries have also created a conducive environment for Pakistani businesses to look at forming partnerships or joint ventures with Sri Lankan businesses and vice versa. On the other hand, businesses/investors from other countries who are interested in doing business with Pakistan could look at setting up base in Sri Lanka to engage with Pakistan using the preferential treatment enjoyed by Sri Lanka when engaging with Pakistan.
| Article Code : | VBS/AT/21092022/X_6 |