Two MoUs signed between SL and Pakistan to develop pharma sector

• The Prime Minister of Pakistan reiterated his vision for poverty alleviation and reducing economic disparity

Two MoUs (Memorandum of Understanding) were also signed between Sri Lanka and Pakistan during the visit of Pakistani Prime Minister Imran Khan to develop the pharmaceutical sector, a statement from the Pakistani High Commission said yesterday. 

  The statement said one MoU was signed between M/s CCL Pharmaceuticals Pvt. Ltd., in Pakistan and M/s Hemas Pharmaceuticals Pvt. Ltd in, Sri Lanka and the other between M/s Genix Pharma Pvt. Ltd of Pakistan and M/s Emerchemie NB (Ceylon) Ltd of Sri Lanka respectively, which entailed collaboration in manufacturing, distribution and technology transfer.   

The Ministry of Commerce and Trade Development Authority of Pakistan (TDAP), in collaboration with High Commission of Pakistan in Colombo, organised the first-ever “Pakistan – Sri Lanka Trade & Investment Conference on 2 February 24, 2021 at the Shangri-La Hotel in Colombo.   

The statement said the Pakistani Prime Minister led a delegation of prominent business representatives from Pakistan across high potential sectors for trade and investment with Sri Lanka, including textiles, apparel, pharmaceuticals, agricultural commodities & food, construction materials, minerals, auto parts, footwear, Information and Communications Technology (ICT) and tourism.   

Prime Minister Mahinda Rajapaksa and the Pakistani Prime Minister graced the occasion as the chief guests.