January 09, 2019 / BY Faizan Shahzad

Sri Lanka Wants to Increase Trade With Pakistan to $1 Billion

Srilanka's high commissioner, Noordeen Mohamed Shaheed, said on Tuesday that the island nation was eager to strengthen mutual trade ties with Pakistan. Speaking to the business community at the Sialkot Chamber of Commerce and Industry (SCCI), he said:

“To hope that exporters of the city will also launch their business activities in Sri Lanka, besides tapping its international trade market.”

Moreover, Shahid explained that new and different opportunities initiated in different exporting and importing trade fields for economic ventures with Pakistan and for this purpose different Indian companies showed a keen interest in establishing with their Pakistani counterparts.  

“Stressing the need for taking effective practical measures to mutual trade, also exporters had sufficient potential to explore and capture markets of Sri Lanka by exporting its traditional and non-traditional world-class export products, he said.

The high commissioner also assured businessmen that all important steps would be taken to lift establish friendly trade relation for both countries up to $1 billion.

Speaking on the occasion, SCCI President Khawaja Masud Akhtar said: “bilateral relations between Pakistan and Sri Lanka, under the overarching South Asian Association for Regional Cooperation (Saarc) umbrella, could provide a brighter and integrated future for South Asia.”

“Total annual trade between Pakistan and Sri Lanka is around $351 million,” he revealed.

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