Bilateral trade boost

4 December 2010 03:30 pm

Pakistan and Sri Lanka would boost bilateral trade from the existing US $ 300 million to $ one billion in the near future, Pakistan Minister of State/ Chairman Board Of Investment (BOI), Saleem H. Mandviwalla said in a statement today.

Saleem H.Mandviwalla visited Sri Lanka with the Pakistan President to finalize the possibility of enhanced commercial and economic cooperation and the potential of two-way investments between Pakistan and Sri Lanka. On return from his successful visit to Sri Lanka, Chairman BoI said that Sri Lanka is keen to learn the agricultural techniques from Pakistan to increase the capacity of its agricultural land.

He said that a ceremony of signing the MoU in agriculture was also held in which MOS/Chairman BOI and Sri Lankan counterpart primarily assured each other to clarify the intention to establish the understanding of having cooperation for business facilitation in the field of agriculture. (Source : APP)