Traders should ex­plore S Lanka's po­ten­tial

The Pak Banker - - 2 National -

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

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