Pak-Sri Lanka trade will cross $1 billion soon: Consul General

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Weekly Updates - Traders' Diary

KARACHI : Outgoing Consul General of Sri Lanka, V.S. Sidath Kumar has hoped that two way trades between Pakistan and Sri Lanka will soon cross one billion dollars. Talking to media at farewell dinner hosted by Chairman Affef Group of Companies, Rashid Ahmed Siddiqui on Tuesday, he said that at present two-way trade is around 300 billion dollars.

The consul general expressed gratitude and solidarity for Pakistan and its citizens. He appreciated that Sri Lanka was enjoying trade with Pakistan in a friendly environment without any hurdle.He said that diplomatic efforts from both sides have done a lot during last few years to boost the two-way trade. He further said that by virtue of good relations and growing interest of the traders, the volume of trade would be almost double within one year.He highlighted that the trade volume between two countries was increasing and after entering into FTA since 2002, the accumulative increase in the bilateral trade was about 80 percent, at present.Sri Lanka may act as gateway for the Pakistani exporters to export to India. He suggested to take the benefit of FTA and export to India via Sri Lanka. Sidath Kumar said It is a good sign that more trade delegations making inroads by networking with their counterparts. He prays Pakistan s role in ushering peace in Sri Lanka. Citizens of Sri Lanka consider Pakistanis more than brothers. He felt time have come when Ceylon tea should make big impact on Pakistani people. Pakistani rice, cement and other commodities have found good place in Sri Lanka.He advised Pakistani manufacturers to have business in engineering goods and automobiles as well. President, Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain speaking at this occasion paid rich tributes to the outgoing Consul General of Sri Lanka. Zahid said that Kumar has done utmost efforts to promote bilateral trader between the two friendly countries. He said that Kumar during his posting at Karachi frequently maintained contacts with trade and industry.

Courtesy: Business Recorder

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