Christmas Cake Cutting Ceremony at ICCI
read more

Traders call for shifting District Courts from F-8
read more

ICCI for focusing on empowerment of women
read more

ICCI and UNIDO organize Investors Connect Program
read more

Standards Compliance to help promote business
read more

Events Calendar

Urgent Attention
Press Statements
Photo Gallery
This Week Events

    No Events available
view past events
Latest News
view past news
Press Statements
  Important Links
Need to improve Pakistan-Sri Lanka trade ties-Tauseef Zaman July 13, 2011
Meeting outside ICCI
A delegation led by Muhammad Tauseef Zaman, Vice President Islamabad Chamber of Commerce & Industry (ICCI) visited Business Council, Colombo, Sri Lanka. Ms. Seema Elahi Baloch, Ambassador of Pakistan in Sri Lanka was also present on the occasion.

Speaking on the occasion, Muhammad Tauseef Zaman said that Pakistan should strengthen bilateral trade with Sri Lanka and also exploit the vast untapped potential in many sectors. He said that bilateral trade between two countries was around US $320 million which was not up to the potential.

He said that Pakistan was the most investment friendly nation in South Asia. The business regulations have been profoundly overhauled along liberal lines, especially since 1999. Foreign investors were not facing any restriction on the inflow of capital and investment even up to 100 percent of equity participation was allowed in many sectors.

ICCI Vice President outlined the great potential of Pakistani exports to Sri Lanka in many areas. He also said that Pakistan could initiate a credit line to help cement and sugar industries by providing necessary plants and machinery. We would welcome Sri Lankan expertise in gem & jewelry, he added.

Seema Elahi Baloch, Ambassador of Pakistan in Sri Lanka said that Sri Lanka was keen to set up joint ventures with Pakistan as mutual trade relation between two countries would bring a positive aspect on the regional trade. She said that number of members should be increased in order to make business council more effective.

Rohitha Thilakaratne, Chairman Pak-Sri Lanka Business Council said has welcomed the delegation and said that there were tremendous opportunities in the fields of textile, Pharmaceutical, information technology, cement and light engineering. Pakistan’s investors should come and avail the opportunities, he added.  

ICCI Collaborators and MoU Signing Organizations