Karachi, November 12, 2012 (PPI-OT): Karachi Chamber of Commerce and Industry’s President Muhammad Haroon Agar has appreciated the proposed initiative of Sister-City Arrangements between Karachi and Puttalam city of North Western Province of Sri Lanka. Speaking with delegation from Sri Lanka headed by K. Abdul Baiz, Chairman of Puttalam Urban Council of Sri Lanka, he emphasized to explore new avenues of bilateral economic and commercial cooperation.
He opined that Puttalam Urban Council can join hands with Karachi Metropolitan Corporation on areas of mutual cooperation whereas Karachi Chamber of Commerce and Industry can extend our best cooperation to business community of Puttalam in respect of trade.
He asserted upon the need of frequent exchange of delegations and data based information on trade and markets and holding of single country exhibitions. He also highlighted the importance of regional trade.
He said that Sri Lanka and Pakistan both have good, friendly, economic and trade relations, however, efforts are required to further increase the two way trade as per existing potential between two countries because full trade potential of Pakistan and Sri Lanka need to be further explored.
He also apprised about Karachi Chamber’s vital role in the socio-economic development of Pakistan and to promote trade and industry in Karachi and elsewhere. He on behalf of KCCI also assured best cooperation and support to fortify bilateral trade and relations between Sri Lanka and Pakistan.
K. Abdul Baiz, Chairman of Puttalam Urban Council of Sri Lanka conveyed compliments to President KCCI to promote Pak-Sri Lanka bilateral trade. He informed that delegation was visiting on the invitation from Administrator of Karachi Metropolitan Corporations for deliberation on proposed Karachi-Puttalam Sister City Arrangements.
He said that Sri Lankan delegation was planned to be led by Mr. Ashoka Wadigamangawa, Minister for Health, Indigenous Medicine, Sports and Youth Affairs, North Western Province of Sri Lanka. However, due to due to unrest in Karachi the Minister and many businesspersons could not come.
He said that the situation was not so bad in Karachi as the electronic media depicts. He agreed that Pak-Sri Lanka trade volume was not aligned with available trading potential, therefore, promotion of economic and commercial activities is essential.
He informed that due to geographical proximity volume of Indian trade with Sri Lanka as compared to Pakistan was on higher side. He said Sri Lanka attaches high importance to trade with Pakistan and in this regard there is a need to connect the business communities of two countries and explore new business opportunities. Puttalam is producing coconut, sea-salt, shrimp, seafood while there was a huge demand of Pakistani Cows/ livestock and textile products in Sri Lanka, he informed.
Former President KCCI Majyd Aziz informed that during his tenure as President, KCCI took lead to organize joint meeting of representatives of both countries to provide input on Pak-Sri Lanka FTA. He proposed that KCCI along with some other leading Chambers of Pakistan should play their thriving role on bilateral issues between two countries so that things should happen on fast track. He said that existing intra-SAARC trade volume was not aligned with existing trade opportunities.
Former President AQ Khalil, Senior Vice President KCCI Shamim Firpo, Vice President Nasir Mehmood and Managing Committee Members and officials from Karachi Metropolitan Corporation also participated in the meeting.
For more information, contact:
M. Shafiq Baig
Public Relations Officer
Karachi Chamber of Commerce and Industry (KCCI)
Tel: +9221 9921 8001 -09
Fax: +9221 9921 8010
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