All Pakistan Textile Mills Association (Aptma) Chairman SM Tanveer has said that there is an urgent need of a direct shipping line between Karachi and Chittagong, Bangladesh in order to enhance bilateral trade even further.
In a meeting with Bangladesh High Commissioner Sohrab Hussain on Monday, the Aptma chief highlighted the association’s importance for the Pakistan economy, according to a press release.
He said that Pakistan’s total exports to Bangladesh stood at $710 million in 2013-14, out of which $709 million were textile exports.
“Export of raw material from Bangladesh plays a vital role in the garment industry, requiring more cooperation through better trade relations,” said Tanveer.
“The level of bilateral trade can be improved through better knowledge-sharing, exchange of institutional-level information and adopting measures to enhance technical knowledge to take comparative advantage.”
Published in The Express Tribune, March 3rd, 2015.
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