Pak, Lanka for enhancing trade ties

ISLAMABAD: Muhammad Basharat Raja, Advisor to Prime Minister for Industries met Rishad Bathiudeen, Minister for Industries and Commerce, Sri Lanka and discussed ways and means to multiply trade between the two countries.

The two sides agreed that Pakistan Gems and Jewellery Development Company, a subsidiary of Ministry of Industries is interested to join hands with Gems and Jewellery Institute of Sri Lanka for seeking skill development and technology upgradation. High-level team of experts from both countries will soon settle the modalities of the cooperation.

At the occasion, Basharat Raja said that Pakistan attaches immense importance to its trade relations with Sri Lanka as an important trading partner of Pakistan and there is a need to enhance the existing level of trade through greater interaction.

He said that joint industrial collaboration between Pakistan and Sri Lanka could be sought in various sectors like cement, power generation, development of small and medium scale industries, machine tools, sports and surgical goods and cutlery items.

Lankan minister said there is a need to enhance interaction between the two countries at businessman-to-businessman level for which this visit will prove very productive. He said Sri Lanka is in the process of establishing a free zone for pharmaceuticals and want Pakistani investors to step in and benefit from the incentives offered by the Sri Lankan government.

He added that the art works of Pakistani artisans who work on copper are very famous in Sri Lanka and his government will facilitate them if they come to Sri Lanka and train the Sri Lankan artisans. Rishad Bathiudeen invited Advisor to visit the Sri Lankan trade fair, which they will organise very soon.

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