Strengthening ties: Pakistan offers to set up sugar mills in Sri Lanka

They also agreed that bilateral flow of investments could play an important role in boosting economic relations.


Our Correspondent November 16, 2013
Pakistan prime minister Nawaz Sharif (L) poses with Sri Lanka prime minister Mahinda Rajapaksa during a banquet dinner for the Commonwealth Heads of Government Meeting (CHOGM) in Colombo November 16, 2013. PHOTO: REUTERS

COLOMBO:


Pakistan has offered to set up sugar mills in Sri Lanka, the offer was made by Prime Minister Nawaz Sharif in response to Sri Lankan President Mahinda Rajapakse’s desire to invest in the sugar sector during their meeting in Colombo.


During the meeting, both the leaders agreed to further strengthen economic ties and stressed on increasing bilateral trade volume from the present $460 million to $1 billion in the next few years.


They also agreed that bilateral flow of investments could play an important role in boosting economic relations.


The meeting between the two leaders which is the second one during the last two months will give significant boost to the already strong bilateral ties between the two countries.


The prime minister congratulated President Rajapakse on successfully hosting the Commonwealth Heads of Government Meeting 2013.

Published in The Express Tribune, November 17th, 2013.

Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.

COMMENTS (4)

Sheikh Javed | 10 years ago | Reply

Our PM suits are from expensive designers shops of London and NY. The shirts he usually wear is of Shalwar Kamiz. So dont bother about the collar. From Steel to Sugar - its a good move to diversify personal investments. Musharraf regime had ruined the Steel business so better get in to Sugar. How a cash starved country PM announce foreign investments when Pakistan is dying to get every dollar to boost its flattering economy.

vaticancity | 10 years ago | Reply

One think I can see for sure, they have a mutual interest for dying their hair black.

VIEW MORE COMMENTS
Replying to X

Comments are moderated and generally will be posted if they are on-topic and not abusive.

For more information, please see our Comments FAQ