COLOMBO (News 1st): ”There is a possibility of starting partnerships between Sri Lanka and Pakistan involving the industries of textile, Cement, Sugar, and medicine since Pakistan investors are eager to invest in them,” Pakistan High Commissioner Retired Maj. Gen. Muhammad Saad Khattak said.

These views were expressed during a meeting between Minister of Industries Wimal Weerawansa and the Pakistan High Commissioner at the Ministry of Industries.

Views regarding the institutional and legal barriers to investing in Sri Lanka were discussed at the meeting.

“Discussions with the Cabinet will be held to establish a Sri Lanka – Pakistan bilateral committee consisting of high-level state officers to overcome such barriers,” Minister Wimal Weerawansa said.

Pakistan High Commissioner to Sri Lanka has stated that while Sri Lanka and Pakistan can have a trade relationship with each other worth one Billion US Dollars, the two countries are exchanging goods worth only 450-500 Million US Dollars.

He further added that this figure could be increased further while benefiting both countries.

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