Ties with bangladesh: Direct shipping line suggested

Pakistan’s total textile exports to Bangladesh was $709 million in 2013-14, claims Aptma chief

LAHORE:

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  3^rd,  2015.

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