Trade in local currency with Sri Lanka will benefit both countries: Faraz

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Consul General of Sri Lanka Jagath Abeywarna has said that the promotion of trade between Pakistan and Sri Lanka in the textile, leather and pharmaceutical sector is possible. Sri Lanka’s buyers can import goods from Pakistan instead of Europe will be more beneficial.

Similarly, Pakistan can avoid additional shipping costs by importing products including tea from Sri Lanka. He expressed these views during his visit to the Korangi Association of Trade and Industry (KATI).

KATI President Faraz-ur-Rehman, KITE Limited CEO Zubair Chhaya, Senior Vice President Nighat Awan, Vice President Muslim Mohamedi, Former Presidents Gulzar Firoz, Fazale Jalil and other members were present on this occasion.

Sri Lankan Consul General Jagath Abeywarna further said that the trade between SAARC countries is only 5 percent which needs to be further increased. He said that the time to import products from Sri Lanka is 4 days which could benefit both countries.

 

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