Pakistani businessmen urged to invest in SL
Pakistan’s Ambassador to Sri Lanka, Major General (Retired) Muhammad Saad Khattak urged Pakistani businessmen to make investments in Sri Lanka, which offers multiple opportunities in diverse sectors, Pakistani Media reported this week. During his visit to Korangi Association of Trade and Industry (KATI), he informed that Sri Lanka offered investment opportunities in construction, textile, pharmaceutical and tourism sectors, said a Media release issued by KATI. Pakistan could export textiles, construction materials, rice, sugar, fruits and vegetables to Sri Lanka, he said, adding that existing potential of bilateral trade between both countries was not explored so far.
The Sri Lankan Government, despite COVID-19, has allowed vaccinated persons to continue business activities without quarantine as well and Pakistani traders should take advantage of it, he said. Earlier, KATI President, Saleem uz Zaman pointed out that the volume of bilateral trade between Pakistan and Sri Lanka was less than the potential and the same could be expanded if local investors were provided required facilitation. Chairman of KATI’s Committee on Diplomatic Affairs, Rashid Qureshi informed that pharmaceutical products were already being exported to Sri Lanka, while single country exhibitions could help enhance bilateral trade.