In 2019-20, the bilateral trade between Bangladesh and Pakistan was US$543.90 million
The high commissioner of Pakistan to Bangladesh has urged Bangladeshi entrepreneurs to invest in their country as Bangladesh has recently achieved a tremendous growth in the IT and IT enabled service sector.
Imran Ahmed Siddiqui, the high commissioner of Pakistan, made the recommendation during a meeting with Dhaka Chamber of Commerce and Industry (DCCI) President Shams Mahmud at DCCI office on Wednesday, according to a press release.
Both of them discussed issues relating to bilateral trade and investment.
During the discussion, DCCI President Shams Mahmud said in 2019-20, the bilateral trade between Bangladesh and Pakistan was $543.90 million, out of which Bangladesh's export to Pakistan was $50.54 million and Pakistan's export to Bangladesh was $493.36 million.
Shams Mahmud also requested the importers of Pakistan to import jute, jute goods, IT and IT enabled services, pharmaceuticals, ceramics, ready-made garments, leather and leather products and agro-food, it read.
He also urged to strengthen chamber to chamber relation, regular exchange of trade missions, organising trade fairs, B2B and road-show to boost the bilateral trade.
Easing business visa process and removing tariff and non-tariff barriers will also facilitate more business to business interactions, he told the Pakistan high commissioner.
Imran Ahmed Siddiqui also requested Bangladeshi industrialists to import various industry raw materials and textiles from Pakistan.
He said the Bangladeshi investors in Pakistan can enjoy the advantage of China-Pakistan Economic Corridor (CPEC) reaching their goods to China, central Asia and Russia easily at a cheaper rate.
He also emphasised a joint collaboration, especially in the research and technology and expertise transfer.
Senior Vice President of DCCI NKA Mobin, FCA, FCS, Vice President Mohammad Bashiruddin, Commercial Secretary of Pakistan High Commission Muhammad Suleman Khan and Commercial Assistant Ghulam Nabi were also present during the meeting, read the statement.