The High Commissioner of Pakistan in Sri Lanka Maj. Gen. (R) Syed Shakeel Hussain said that Pakistan and Sri Lanka are important partners not only in promoting bilateral trade and economic interactions but also enhancing regional economic integration through SAARC and SAFTA.

Shakeel Hussain said this while addressing the Sri Lanka-Pakistan Trade and Investment Forum organized by the Federation of Chamber of Commerce and Industry of Sri Lanka in collaboration with Pakistan Sri Lanka Business Council of Karachi, in Colombo last evening.

Speaking on bilateral trade, Hussain elaborated that despite availability of tariff concessions on more than 4000 tariff lines on both sides, bilateral trade is still taking place on a very narrow band of products with very little diversification. He therefore urged the private sectors of the two countries to forge deeper links by becoming part of bilateral supply chains. He also invited Sri Lankan companies to invest in Pakistan’s energy, construction and resort development sectors.

In a separate development, the business delegation visited the High Commission of Pakistan in Colombo for an interactive session.