Traders should explore S Lanka's potential
KARACHI: The Pakistani businessmen should explore the economic potential of Sri Lanka.
This was stated by the Consul General of Sri Lanka in Karachi,D.W. Jinadasa.
A statement issued here on Wednesday said that he pointed out that Sri Lankan economy i s expected to record growth at an astounding 8 percent in 2010, while the GDP per capita has more than doubled to over $2,000 in the last five years.
Jinadasa said that these developments have led international financial institutions like the IMF and the World Bank to categorise Sri Lanka as a newly emerging middle income country.
He stated that his government was keen to promote and increase two-way trade between both countries, as the trade volume and figures did not reflect the very close and friendly ties that exist between Pakistan and Sri Lanka.
The Sri Lankan Consul General s ai d t he bil at eral trade pattern between the two countries is limited to traditional products therefore the business communities of both countries s hould explore trade and investment opport uniti es available i n each other's countries.
He said that Sri Lanka was beginning to present a lot of investment opportunities.
He invited Pakistani businessmen t o al s o visi t Sri Lanka and see first-hand for themselves the opportunities that awaited them in areas such as agri-processing, dairy and agriculture, sugar, textile processing, cement, pharmaceuticals, information technology and the hotel industry.
The tourism industry in Sri Lanka, he pointed out, was l i kely t o grow at a r emarkable l evel because tourism has seen a 50 percent growth in t he l ast f ew months. -App