The Sri Lankan diplomat in Karachi called on the President of Karachi Chamber of Commerce and Industry (KCCI) to discuss various issues of mutual interest mainly relating to the bilateral trade and investment, and for promoting closer links between his Consulate and KCCI including exchange of information about potential trade and investment avenues existing on both the sides.
Both the countries should take further practical steps to strengthen economic cooperation for the benefit of both the nations, they said.
The KCCI Chief said Sri Lanka was the first country to sign free trade agreement (FTA) with Pakistan which became operational in June 2005. President KCCI highlighted the role of Karachi Chamber in promoting trade and investment within and outside the country. The Chairman of KCCI diplomats committee underlined the need for value-addition in many things already going on between both the countries, stated APP.
Former president KCCI Majyed Aziz emphasized on promoting religious tourism in both the countries through trade bodies including their travel agents associations.
He said that Sri Lanka should launch its banking network in Pakistan and India to facilitate trade between the two countries which presently is being done through a 3rd country banks. This would also greatly help in promoting trade in SAARC region.