Pak, Lanka agree on multi-faceted part­ner­ship in se­cu­rity, trade

The Pak Banker - - Front Page -

COLOMBO: Pak­istan and Sri Lanka on Tues­day agreed on es­tab­lish­ing a multi-faceted part­ner­ship in se­cu­rity, trade, tourism and cul­ture for the mu­tual ben­e­fit of their peo­ples.

In a joint state­ment is­sued at the con­clu­sion of Pres­i­dent Asif Ali Zar­dari's four-day state visit to Sri Lanka, lead­ers of the both coun­tries agreed to pro­mote a di­a­logue on se­cu­rity and de­fence is­sues rel­e­vant to their bi­lat­eral re­la­tion­ship, through high-level con­tacts be­tween de­fence forces and the train­ing of se­cu­rity forces per­son­nel.

Pres­i­dent Zar­dari and his Sri Lankan coun­ter­part Mahinda Ra­japakse agreed to pro­mote ac­tive co­op­er­a­tion in coun­ter­ing the men­ace of nar­cotics and il­licit traf­fick­ing of nar­cotic sub­stances and to es­tab­lish mech­a­nisms and modal­i­ties for such co­op­er­a­tion.

They di­rected that of­fi­cials of the re­spec­tive fi­nance and eco­nomic min­istries should meet soon to dis­cuss mea­sures to pro­mote trade be­tween the two coun­tries, in­clud­ing through the ex­ten­sion of in­no­va­tive lines of credit and/or barter. The state­ment noted that the of­fi­cial dis­cus­sions be­tween the two sides were marked by friend­ship, mu­tual re­spect and un­der­stand­ing. Both the Pres­i­dents agreed that the civ­i­liza­tional her­itage of Sri Lanka and of Pak­istan pro­vided the foun­da­tion to build a vi­brant and multi-faceted part­ner­ship. Sri Lanka-Pak­istan re­la­tions have ma­tured and di­ver­si­fied with the pas­sage of time, en­com­pass­ing key ar­eas of con­tem­po­rary rel­e­vance, it said.

The two lead­ers agreed that there is much scope to in­crease co­op­er­a­tion and to fur­ther har­ness the enor­mous po­ten­tial avail­able for con­sol­i­dat­ing and strength­en­ing the bi­lat­eral part­ner­ship by build­ing on shared val­ues, lever­ag­ing com­mon con­cerns and in­ter­ests, en­hanc­ing con­nec­tiv­ity be­tween the two coun­tries, in­creas­ing the syn­er­gies of their economies and, re­in­forc­ing the in­sti­tu­tional frame­work for co­op­er­a­tion.

Both the lead­ers agreed on the need for an in­crease in the fre­quency of high level vis­its be­tween Sri Lanka and Pak­istan, in­clud­ing at the sum­mit level and at the level of the Par­lia­ments, es­pe­cially based on Par­lia­men­tary Friend­ship As­so­ci­a­tions es­tab­lished in each of na­tional par­lia­ments. -App

COLOMBO: Pres­i­dent Asif Ali Zar­dari be­ing pre­sented a gift by the man­age­ment of the com­pany dur­ing his visit to the Brandix, Sri Lanka’s largest ap­parel man­u­fac­turer. -App

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