Bangladesh and Pakistan Sign MoU to establish joint Business Council at Dhaka Business Forum

Mr. Atif Ikram Sheikh, President of FPCCI, announced that the Pakistani trade delegation, under the leadership of FPCCI, actively participated in the Bangladesh – Pakistan Business Forum held in Dhaka. The event was organized by the Federation of Bangladesh Chambers of Commerce & Industries (FBCCI).

Mr. Atif Ikram Sheikh further elaborated that the business forum showcased a wide array of industries, sectors, and verticals. The event featured representatives from diverse fields, including electronics, automobiles, industrial machinery, carpets, toys, ceramics, sanitary products, handicrafts, fabrics, ready-made garments, leather goods, home appliances, processed foods, furniture, plastic products, jute goods, cosmetics, sports equipment, and jewelry.

Mr. Muhammad Hafizur Rahman, Administrator of FBCCI, emphasized on utilizing the South Asian Association for Regional Cooperation (SAARC) and the Organization of Islamic Cooperation (OIC) to strengthen Bangladesh – Pakistan trade relations. Mr. Muhammad Hafizur Rahman said that there is ample scope for the two countries to work closely in sectors such as energy, education, technology, human resources development, research and innovation to meet the challenges of the fourth industrial revolution.

FPCCI President Mr. Atif Ikram Sheikh highlighted that the Pakistani trade delegation engaged in high-profile meetings with both the Bangladesh Investment Development Authority (BIDA) and the Federation of Bangladesh Chambers of Commerce & Industry (FBCCI). He mentioned that they discussed collective trade promotion activities, the exchange of delegations, and organizing single-country exhibitions.

Mr. Atif Ikram Sheikh noted that the Pakistani exporters have received initial order of 25,000 metric tonnes of sugar and raw fabric demand from Bangladesh is so sizeable that there is a dearth of the same in Faisalabad. These are great omens and it is just a beginning, he added.

Mr. Magoon said that the delegation will also visit Dhaka International Trade Fair (DITF) to explore avenues of mutual cooperation and study international trends in various established and emerging industries.