logo
‘Pak-BD trade will soon reach $1bn mark'

‘Pak-BD trade will soon reach $1bn mark'

KARACHI: Deputy High Commissioner Bangladesh, S M Mahbubul Alam, stated that the trade volume between Pakistan and Bangladesh currently stands at US 800 million dollars, with expectations that it will soon reach US one billion dollars.
He mentioned that sixteen trade delegations from Pakistan have visited Bangladesh so far this year.
He made these remarks while addressing the launching ceremony of the third Made in Pakistan Single-Country Exhibition and Business Conference, organised by the Pakistan Association of Exhibition Industry, to be held from September 23 to 27 at the International Convention City Bashundhara (ICCB), Dhaka, Bangladesh.
The ceremony was also addressed by TDAP Secretary Shehryar Taj, FPCCI Senior Vice President Saqib Fayyaz Magoon, Chairman of the Pakistan Association of Exhibition Industry Fahad Barlas, and founding Chairman Khurshid Barlas. A large number of traders and women entrepreneurs, including Imran Ismail, Nazli Abid Nisar, and Dar Shehwar, attended the event.
Deputy High Commissioner Mahbubul Alam noted that Bangladesh has imported rice and sugar from Pakistan this year. He also announced that Bangladeshi visas for Pakistani businessmen participating in the exhibition will be issued within 7 days, and for women entrepreneurs within 3 days.
TDAP Secretary Shehryar Taj said that the TDAP Board has approved participation in 126 exhibitions this year, with a focus on promoting IT globally. He also announced a 50% fee reduction for women participating in exhibitions this year.
FPCCI Senior Vice President Saqib Fayyaz Magoon emphasized the urgent need to launch direct flights between Pakistan and Bangladesh, highlighting increased demand due to growing business activity. He stated that the single-country exhibition will open new pathways for bilateral trade.
Chairman of the Pakistan Association of Exhibition Industry, Fahad Barlas, shared details of the third Made in Pakistan Single-Country Exhibition, stating that it will showcase products from various sectors including: textile industry, food products, electrical appliances, kitchenware/crockery, consumer goods, footwear, household items, tiles and ceramics, furniture and fixtures, jewellery and ornaments, marble and glass, sports goods, service providers, fashion and fabrics, tourism and hospitality industry, machinery and equipment, paints, varnishes, and chemicals, HVACR systems, sanitary ware and fixtures, handicrafts and more.
Founding Chairman Khurshid Barlas stated that the objective of the event is to highlight Pakistani products and introduce them in the Bangladeshi market, thereby strengthening trade relations between the two countries. He added that the exhibition would open new doors for trade and play a key role in introducing Pakistani products to international markets.
A documentary film was also shown at the event featuring exhibitions held in Saudi Arabia, the UK, and Bahrain.
Copyright Business Recorder, 2025
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Sino-Pak high-level exchanges distinctive feature of ties: Mao
Sino-Pak high-level exchanges distinctive feature of ties: Mao

Business Recorder

time33 minutes ago

  • Business Recorder

Sino-Pak high-level exchanges distinctive feature of ties: Mao

BEIJING: China and Pakistan are ironclad friends and all-weather strategic cooperative partners and solid strategic mutual trust and frequent high-level exchanges are distinctive features of bilateral ties. Chinese Foreign Ministry spokesperson Mao Ning made these remarks while announcing Chinese Foreign Minister Wang Yi's visit to Pakistan from August 20 to 22. Wang Yi will hold the Sixth Round of China-Pakistan Foreign Ministers' Strategic Dialogue with Deputy Prime Minister and Foreign Minister Mohammad Ishaq Dar in Islamabad. Sharing the programme and China's expectations, Mao Ning, during her regular briefing, said that this will be Foreign Minister Wang Yi's second visit to Pakistan in three years, and the latest high-level exchange between China and Pakistan following recent bilateral meetings and visits. During the visit, Foreign Minister Wang Yi will meet with Pakistani leaders and hold the sixth round of the China-Pakistan Foreign Ministers' Strategic Dialogue with Deputy Prime Minister and Foreign Minister Mohammad Ishaq Dar. The two sides will have in-depth communication on bilateral relations and international and regional issues of mutual interest, she added. Terming China and Pakistan ironclad friends and all-weather strategic cooperative partners, she said that solid strategic mutual trust and frequent high-level exchanges are distinctive features of bilateral ties In June last year, Prime Minister Shehbaz Sharif paid an official visit to China. In February this year, President Asif Ali Zardari paid a state visit to China and attended the Opening Ceremony of the Ninth Asian Winter Games. President Xi Jinping and Pakistani leaders have jointly provided strategic guidance for the growth of bilateral relations, she added. Mao Ning said that China hopes to work with Pakistan through this visit to further deliver on the important common understandings between the leaders of the two countries, deepen strategic communication, expand practical cooperation in various areas, enhance coordination and cooperation in international and regional affairs, and accelerate the building of an even closer China-Pakistan community with a shared future in the new era. The spokesperson said that China and Pakistan are ironclad friends and all-weather strategic cooperative partners, and our bilateral relationship is not affected by any third party and does not target any third party. Answering a question about China's relations with India and Pakistan, she reiterated that both India and Pakistan are China's important neighbors. China is willing to conduct friendly cooperation with both countries. 'As for issues between them, we hope they will find proper solutions. China stands ready to play a constructive role in light of its will,' she added.

China-Pakistan cooperation scores 12 deals worth 235m yuan in Kashgar
China-Pakistan cooperation scores 12 deals worth 235m yuan in Kashgar

Business Recorder

time33 minutes ago

  • Business Recorder

China-Pakistan cooperation scores 12 deals worth 235m yuan in Kashgar

BEIJING: As many as twelve China-Pakistan cooperation projects, valued at RMB 235 million, were signed at the Pakistan-focused session of the 15th Kashgar-Central and South Asia Commodity Fair held in Kashgar, Xinjiang Uygur autonomous region. Themed 'Sharing Development Opportunities, Building CPEC Together,' the event focused on key sectors including trade, logistics, agriculture, tourism, new energy, and information technology. It provided a practical and efficient platform for cooperation, promoting the implementation and tangible results of an upgraded version of China-Pakistan Economic Corridor collaboration. According to the organizer, Kashgar's economic and trade exchanges with Pakistan have been increasingly close, with trade volume steadily rising. In the first half of this year, trade between Kashgar and Pakistan increased by 74 percent year-on-year. Over 200 Kashgar-based foreign trade companies have actively engaged the Pakistani market, while 56 Pakistani enterprises have established a presence in Kashgar, thriving in sectors such as international logistics, import-export trade, and jewelry processing, China Economic Net (CEN) reported. Nadeem Alam, President of the Hunza Chamber of Commerce and Industry in Gilgit-Baltistan, Pakistan, said that CPEC has laid a solid foundation for bilateral exchanges, and he hoped that both sides can engage in practical cooperation in infrastructure investment, tourism, energy, and trade and investment process optimization, creating a dynamic and efficient platform for economic and trade exchanges. The 15th Kashgar-Central and South Asia Commodity Fair kicked off on August 15, attracting participants from 40 countries and regions, including Pakistan, Kyrgyzstan, and Kazakhstan. Over the five-day event, 181 overseas enterprises and 1,120 domestic companies are showcasing a diverse array of products and promoting regional economic cooperation.

Japanese rubber futures fall on weak tyre demand
Japanese rubber futures fall on weak tyre demand

Business Recorder

time33 minutes ago

  • Business Recorder

Japanese rubber futures fall on weak tyre demand

SINGAPORE: Japanese rubber futures fell on Wednesday, pressured by declining demand for tyres and accumulated inventories. The Osaka Exchange (OSE) rubber contract for January delivery ended daytime trade 4.3 yen, or 1.35%, lower at 313.8 yen ($2.13) per kg. The rubber contract on the Shanghai Futures Exchange (SHFE) for January delivery dipped 205 yuan, or 1.29%, to 15,675 yuan ($2,182.87) per metric ton. The most active October butadiene rubber contract on the SHFE fell 150 yuan, or 1.26%, to 11,450 yuan per ton. Despite continued rainfall disturbances lending support to raw material prices, tyre demand is declining and inventories are accumulating at a high level, said broker Everbright Futures. Markets are experiencing risk-off selling, similar to equities, a Singapore-based trader said. The dollar edged down to 147.46 yen, as traders kept an eye on the Federal Reserve's Jackson Hole annual symposium this week for potential policy guidance. A stronger currency makes yen-denominated assets less affordable to overseas buyers. Meanwhile, Chinese electric vehicle maker Xpeng forecast its third-quarter revenue would double, with government stimulus to boost consumer spending helping boost demand for its cars despite challenging economic conditions. Automobile sales could influence the intensity of vehicle manufacturing, which involves using rubber-made tyres. Meanwhile, oil prices rose on talks to end the Russia-Ukraine conflict. Natural rubber often takes direction from oil prices as it competes for market share with synthetic rubber, which is made from crude oil. Top rubber producer Thailand's meteorological agency warned of heavy rains and accumulations that may cause flash floods and overflows from August 21-26. The front-month rubber contract on the Singapore Exchange's SICOM platform for September delivery last traded at 168.9 US cents per kg, down 1.2%.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store