Pakistan and Sri Lanka to enhance economic cooperation [November 3 2010]

Pakistan & Sri Lanka have identified cement, sugar, dairy production,chemical plants, textiles, tourism, and pharmaceutical as potentialareas of mutually beneficial collaborative projects in Sri Lanka,Paksitan Defence reported.

Minister of State and Chairman Board of Investment (BOI) Saleem Mandviwalla who is presently on a visit to Sri Lanka to explore the possibility of enhanced commercial and economic cooperation between the two friendly countries met the Acting Minister for External Affairs and apprised him of the purpose of his visit, says a press release received here on Monday.

He mentioned that with peace restored in Sri Lanka, Pakistani investors were looking forward to invest in mutually beneficial business ventures in Sri Lanka.

In this regard, he also briefed the Minister on Pakistan’s proposal for extension of a Buyer’s Credit Facility to Sri Lanka, which would help enhance Sri Lanka’s manufacturing capability.