Dhaka: Pakistan’s Federal Minister for Commerce, Jam Kamal Khan, today emphasized the potential for significantly increasing bilateral trade between Bangladesh and Pakistan through strategic measures and mutual collaboration. “Both countries are currently in a positive position to develop relations. There is also considerable interest among businessmen. There is an opportunity to increase trade in many sectors, including tourism, culture, shipbuilding, construction, ICT, etc,” he stated.
According to Bangladesh Sangbad Sangstha, the minister made these remarks during a meeting with leaders of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) at its Motijheel office. The meeting, presided over by FBCCI Administrator Md Hafizur Rahman, focused on various aspects of trade, industry, food, and investment cooperation between the two nations.
Jam Kamal Khan highlighted that sector-specific delegations from Pakistan will visit Bangladesh in phases to identify potential areas for collaboration. Reflecting on his visit to the port city of Chattogram, he noted that several Bangladeshi companies are engaged in shipbuilding, a sector where Pakistan also has needs, presenting an opportunity for joint ventures.
The minister also stressed the importance of exploring trilateral trade relations alongside bilateral efforts. He suggested that collaborative efforts between Bangladesh and Pakistan could open avenues to access the vast markets of Africa and Central Asia.
Md Hafizur Rahman acknowledged the existing trade deficit between Bangladesh and Pakistan but noted that economic ties are gradually strengthening through mutual cooperation. He emphasized the potential for enhanced cooperation in trade, investment, and technology, advocating for joint efforts to uncover new opportunities for mutual growth.
Hafizur Rahman also mentioned that the FBCCI is prepared to facilitate meetings and seminars with entrepreneurs from both countries to bolster business contacts and explore further opportunities for collaboration.