
‘Pakistan-Bangladesh trade will soon reach $1bn mark'
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
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Business Recorder
an hour ago
- Business Recorder
Pakistani rupee records 9th consecutive gain against US dollar
Rupee's Performance Against US Dollar Since 04 March 2025 The Pakistani rupee maintained its upward trend against the US dollar, appreciating 0.01% in the inter-bank market on Wednesday. At close, the rupee settled at 281.95, a gain of Re0.01. This is rupee's ninth consecutive gain agaisnt the greenback. On Tuesday, the local unit closed the session at 281.96. Internationally, the US dollar gained for a third straight session on Wednesday as traders awaited the Federal Reserve's annual Jackson Hole symposium this week for clues on the path of monetary policy. The New Zealand dollar tumbled after the Reserve Bank said its board also considered a half-point cut in deciding to reduce the cash rate by a quarter point. The kiwi slumped as much as 0.9% to $0.5841, its lowest since April 14. The US dollar index, which measures the currency against six major counterparts, added 0.1% to 98.438, its highest since August 12. In the first two days of this week, it gained about 0.4%. Friday's speech by Fed Chair Jerome Powell is the market's main focus, as traders watch for any pushback against the market pricing of a rate reduction next month. Traders now place odds of 84% on such a cut, and expect about 54 basis points of reduction by year-end. Oil prices, a key indicator of currency parity, were little changed on Wednesday, as investors await the next steps in talks to end Russia's invasion of Ukraine, leaving in place sanctions on Russian crude and the chance of further restrictions on its buyers. Brent crude futures were at $65.90 a barrel, up 11 cents, at 0405 GMT. US West Texas Intermediate crude futures for September delivery, set to expire on Wednesday, were at $62.40 a barrel, up 5 cents. The more-active October contract was at $61.90 a barrel, up 13 cents. Prices settled down more than 1% on Tuesday on optimism that a deal to end the war seemed closer, which would mean the easing of sanctions on Russia and an increase in global supply.


Business Recorder
2 hours ago
- Business Recorder
PSX scales new all-time high as positive momentum continues
There was no stopping the bullish momentum at the Pakistan Stock Exchange (PSX), buoyed by earnings optimism, rupee stability, and strong institutional activity from local and foreign investors. The benchmark KSE-100 Index closed at a new all-time high on Wednesday. Positive sentiments prevailed throughout the trading session, pushing the benchmark index to an intra-day high of 151,261.67. At close, the benchmark KSE-100 Index settled at 150,591, an increase of 820.26 points or 0.55%. In a key development for Pakistan's corporate sector, Moody's Ratings upgraded the local and foreign-currency long-term deposit ratings of five Pakistani banks: Allied Bank Limited (ABL), Habib Bank Ltd (HBL), MCB Bank Limited (MCB), National Bank of Pakistan (NBP) and United Bank Ltd (UBL) to Caa1 from Caa2. Rating actions followed Moody's decision to upgrade the government of Pakistan's local and foreign currency issuer and senior unsecured debt ratings to Caa1 from Caa2, to reflect Pakistan's improving external position, supported by its progress in reform implementation under the IMF Extended Fund Facility (EFF) programme. On Tuesday, the PSX extended its record-setting rally as the benchmark KSE-100 Index closed at an all-time high of 149,770.75 points, up 1,574 points or 1.06%. Internationally, global share markets came under pressure on Wednesday after a tech-led selloff on Wall Street, while the dollar gained some ground ahead of a key meeting of central bankers later in the week. Stock futures pointed to a lower opening in Europe and most Asian bourses were in the red, with tech-heavy indexes in Taiwan and South Korea among the biggest losers, in part due to worries about the Trump administration's growing influence on companies in the sector. MSCI's broadest index of Asia-Pacific shares outside Japan slid more than 1%, while EUROSTOXX 50 futures lost 0.64% and DAX futures shed 0.63%. S&P 500 futures dipped 0.27% and Nasdaq futures lost 0.44%, extending a fall from the cash session overnight. Japan's Nikkei lost 1.7% and Hong Kong's Hang Seng Tech Index shed 1.3%.


Express Tribune
3 hours ago
- Express Tribune
Billionaire reportedly planning Titanic wreck expedition two years after Oceangate tragedy
Two years after the Oceangate tragedy that claimed five lives, a billionaire is reportedly planning a private expedition to the Titanic wreck. The ship lies 12,500 feet below the North Atlantic Ocean and has remained off limits since the 2023 disaster. The Oceangate incident occurred in June 2023 when the Titan submersible imploded during a dive to the Titanic. The accident killed Oceangate CEO Stockton Rush, British businessman Hamish Harding, Pakistani businessman Shahzada Dawood and his son Suleman, and French explorer Paul-Henri Nargeolet. The event triggered global scrutiny over deep-sea tourism and private expedition safety. Despite this, interest in the Titanic remains undiminished. According to the New York Post, a new mission is being prepared with a billionaire participant whose identity has not yet been revealed. 'I heard that somebody is going down to the Titanic in a couple weeks,' a source said. 'What I can tell you is that it's a billionaire. Going down there will cost $10 million. You would recognize his name.' The source added that the individual intends to announce the voyage as the first return to the Titanic since the Oceangate disaster. The fascination with the Titanic continues to draw explorers more than a century after its sinking in 1912. The planned dive has reignited debate about the risks and allure of visiting one of the most iconic shipwrecks in history.