Bangladesh Deputy High Commissioner SM Mahbubul Alam during his visit to the Karachi Chamber of Commerce and Industry (KCCI has stressed the need for enhancing trade and investment cooperation with Pakistan.
The envoy told the gathering that around 100 Special Economic Zones (SEZs) were being established across Bangladesh with the aim of promoting investment and accelerating economic growth through increased and diversified industrialization, employment, production, and exports. He said Bangladesh offers trade and investment opportunities as the country provides all the required facilities and infrastructure along with special incentives for foreign investors.
Alam pointed out that Bangladesh was not importing any food items as it was self-sufficient in domestic production. Besides, under vision 2041, the country intends to become a developed and smart nation.
“Investors of Japan, China, India, and South Korea have already established production units in Bangladesh. The Pakistani business community must also come forward to benefit from our potential.” About the delay in the issuance of visas, the envoy emphasized that they were trying their best to issue visas to members of the business community at the earliest. However, individuals may face delaying due to the procedures have to have adhered to the visa requirement documents.
“There are challenges that have to be efficiently tackled through collective efforts. When Bangladesh was born, it had zero foreign reserves and most of the food items were being imported. But now the country holds impressive foreign reserves of $48 billion,” the envoy highlighted.
Pakistani exporters, who were not getting industrial input due to foreign currency shortage and not receiving energy at regionally competitive rates, may opt for relocating to Bangladesh, a country far more export-friendly than Pakistan, remarked SITE Association of Industries (SAI) President Riazuddin.
Bangladesh invites Pakistani investors
