Advertisement
Categories: BusinessNewsPakistan

Bangladesh and Pakistan vow to increase bilateral trade

Advertisement

Bangladesh and Pakistan vow to increase the bilateral trade volume with wider business-to-business engagements. Bangladesh Deputy High Commissioner in Karachi S.M. Mahbubul Alam recently paid an official visit to Hyderabad. He had official meetings with Commissioner Hyderabad and the business leaders in Hyderabad. He had an interaction with the office bearers of Hyderabad Chamber of Small Traders and Small Industries (HSTSI). The President, Senior Vice President, Vice Presidents, Secretary of the Chamber and other businesspersons were present in the interactive meetings.

The Deputy High Commissioner of Bangladesh highlighted the potential and prospect of enhanced bilateral trade and business between the two countries. They discussed about the expansion and diversification of bilateral trade baskets. He expressed his optimism that the bilateral trade will cross USD one billion mark soon. He invited the business delegation to take part in Dhaka International Trade Fair (DITF) to be organized during the whole month of January 2025. Deputy High Commissioner and the business leaders also discussed about organizing single country exhibition and fair in both the countries. Highlighting the business and investment friendly policies in Bangladesh, he invited the potential entrepreneurs and investors from Pakistan to invest in Bangladesh. He mentioned that Bangladesh has been working to establish 100 special economic zones across the country, where foreign investors from different counties including the investors from Pakistan have been investing.

The Chamber and the business persons in Hyderabad expressed their interest for wider trade and business relations with Bangladesh. Issues such as direct flight between Bangladesh and Pakistan, direct shipping between Bangladeshi and Pakistani seaports, visa facilitation and simplification, and importance of closer people-to-people vis-à-vis business-to-business interactions were discussed.

The Bangladesh Deputy High Commission in Karachi assured the Chamber and the business leaders all possible support and cooperation including quicker and prioritized visa processing for the expansion of bilateral trade and investment for the mutual benefits of the two brotherly countries.

Advertisement
Mazhar Ali Raza

Mazhar Ali Raza is a senior journalist from Karachi. He has served more than twenty years in journalism. He was recently associated with the dunya media group as a senior business reporter from the last eleven years . Prior to that he has worked for CNBC for the period of four years. His major beats were the energy auto banking and agriculture sector . He has covered many seminars and exhibitions in Pakistan and abroad as well .

Recent Posts

Ecommerce sector urges Govt for tax reduction and level playing field: PEA

The Pakistan eCommerce Association (PEA) has urged the government to reduce the tax burden on…

8 hours ago

Digital Inclusion, Affordability, and the Battle Against Cash Dominate Jazz Leadership’s GSMA Summit Address

From highlighting the need for affordable smartphones and universal internet to pushing for a cashless,…

8 hours ago

Blogging Tops Career Dreams for 42% of Youngsters: Kaspersky Survey

Kaspersky research findings show that 42% of children surveyed from the Middle East, Turkiye and…

3 days ago

Foodpanda adds USD 1.2 bn to Pakistan’s economy: LUMS study

A groundbreaking study conducted by the Lahore University of Management Sciences (LUMS) has revealed that…

3 days ago

Jazz’s Lead in Developing Pakistan’s First Indigenous LLM is Inclusive and Proactive

Jazz has been developing a Large Language Model (LLM) in collaboration with NUST and the…

6 days ago

PDA and Arid Agriculture University Sign MoU to Strengthen Industry-Academia Collaboration in Dairy Sector

Pakistan Dairy Association (PDA) and Pir Mehr Ali Shah Arid Agriculture University, Rawalpindi have signed…

2 weeks ago