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The Federation of Chambers of Commerce and Industry of Sri Lanka (FCCISL) and the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) have signed a Memorandum of Understanding to set up a Joint Business Council (JBC) during President Mahinda Rajapaksa's visit to Pakistan.

The business representatives of Sri Lanka and Pakistan feel the need to set up a cooperative body on a private initiative so as to bring closer together the business communities of the two countries.

The Federation of Chambers of Commerce and Industry of Sri Lanka (FCCI Sri-Lanka) and the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) are in agreement to set up a Joint Business Council to provide a forum for more systematic business promotional activities in trade, investment, technology transfer, services and other industrial sectors.

The JBC agreement will provide a regular and recognised platform for discussions on promotion of these activities between businessmen and industrialists of the two countries.

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