PR No. 137 Islamabad

Federal Minister for Commerce, Engr. Khurram Dastgir Khan and Sri Lankan Minister for Industry Rishad Bathiuddin inaugurated the First Pakistan Single-Country Exhibition to be held from 15th to 17th January at the Bandaranaike Memorial International Conference Hall in Colombo, Sri Lanka. The Exhibition will showcase Pakistani brands and products in engineering products, auto parts, agro food, textile and clothing, designer wear, handicrafts and traditional textiles, cosmetics and herbal products, pharmaceuticals, gems and jewellery, carpets and marble. The soft launch of the Exhibition organized by the Trade Development Authority of Pakistan and the High Commission of Pakistan in Colombo was performed by the Prime Minister of Pakistan on his visit to Sri Lanka earlier this month.

The exhibition is a key step in materializing the target set by the premiers of two countries to enhance the mutual trade to $ 1 billion from the current S325 million. Negotiations have already started to expand the existing Free Trade Agreement (FTA) to trade in services and investment from the current trade in goods. Technical level meetings between the two countries have detailed out the basic framework for inclusion of new subjects in the FTA. Pakistan has also sought to enhance the export quota of rice to Sri Lanka from the current 6,000 metric tons to 10,000 metric tonnes response on which is still awaited.

Speaking at the inaugural ceremony, Mr. Dastgir said that the two countries enjoy common cultural heritage which dates back to the times of the Gandhara Civilization and stretch through present times. He said that friendship of Pakistan and Sri Lanka is a testimony to the fact that while geography may divide territories, history continues to unite nations. The Minister was of the view that the exhibition which has brought top Pakistani brands to Sri Lanka will carve out new business partnerships, strengthen the old ones and enhance trade and commerce between the two countries.

The Exhibition saw tremendous public response and the sales begin even before the official inauguration.

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