Lankapage Logo Recent Top Stories
CP 14 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Sri Lankan Provincial Minister speaks of cooperating with Pakistan to strengthen agriculture sector
Tue, Aug 26, 2014, 10:47 am SL Time, ColomboPage News Desk, Sri Lanka.

Aug 26, Lahore: Sri Lanka and Pakistan have lot to offer to each other to strengthen the agriculture sectors of the two countries, a Sri Lankan Provincial Minister visiting Lahore said.

Minister of Agriculture of Sri Lanka's Eastern Provincial Council Naseer Ahmed made this remark when he called on the Vice President of Lahore Chamber of Commerce and Industry (LCCI) Kashif Anwar in Lahore Monday.

The visiting Sri Lankan Provincial Minister said that there is a need for Pakistan and Sri Lanka to join hands to strengthen their respective economies.

He further emphasized that Sri Lankan public sector has huge opportunities for Pakistan's private sector and the Sri Lankan businessmen have shown their willingness to do business with their Pakistani counterparts.

LCCI Vice President Kashif Anwar noted that Pakistan and Sri Lanka are members of the South Asian Association for Regional Cooperation (SAARC) and have good diplomatic and economic relations and Pakistan is the second largest trading partner of Sri Lanka in South Asia after India.

Anwar however said that despite having good trade and economic relations and a free trade agreement since 2005, the bilateral trade figures are not up to the full potential.

"Our exports to Sri Lanka are ranging between US$ 300 - 350 million and similarly the imports have yet to reach US$ 100 million," the LCCI Vice President said.

Pointing out that Sri Lanka-India trade is around US$ 5.2 billion, Anwar said considering the size of Sri Lanka's economy there is not much room left for Pakistan.

He said that both countries should identify more items of trade to bring some positive change in bilateral trade.

The Sri Lankan Minister said due to the prolonged drought in Sri Lanka, the government is planning to import 100,000 MT rice to meet its local demand and since Pakistan is a major rice exporter Sri Lanka can consider importing a bigger share of rice from Pakistan.

LCCI Vice President said that, both Pakistan and Sri Lanka heavily depend on their agriculture sectors and their industrial sectors primarily use agriculture produce, the two countries must join hands in developing their agriculture sectors.

ColomboPage - Recent 10 Stories
Sri Lanka prepares to hold UN Vesak Celebrations for first time
-- [1 minutes ago]
No bilateral agreements during Indian PM's visit to Sri Lanka, President clarifies
-- [32 minutes ago]
Sri Lanka Bureau of Foreign Employment earns Rs. 1.2 billion in profits for the first time
-- [1 hour and 13 minutes ago]
Minister suggests revising water supply charges for the economic stability of water board
-- [1 hour and 35 minutes ago]
Navy grants compensation of Rs. one million for the family of officer died during training in India
-- [1 hour and 55 minutes ago]
Body of 13-year-old girl dragged by crocodile found inside its belly
-- [8 hours ago]
Korea EximBank signs aide memoire with ADB and Sri Lankan government to develop Colombo-Trincomalee Economic Corridor
-- [9 hours ago]
Sri Lanka state doctors threaten to strike again between May 3 and 5 demanding to close SAITM
Sri Lanka expects to receive EU's GSP+ tax concession by 15 May as exporters eagerly await to reap benefits
Special security plan in Colombo and Kandy for May Day rallies

Copyright © 2000, 2014 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.