Lankapage Logo CP 19 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Pakistan Furniture Council Delegation to visit Sri Lanka this week to explore trade opportunities
Wed, Apr 25, 2018, 06:52 pm SL Time, ColomboPage News Desk, Sri Lanka.

Apr 25, Colombo: A high level delegation of Pakistan Furniture Council (PFC) is scheduled to visit Sri Lanka this week to explore new avenues for cooperation in various fields.

According to a press statement Associated Press of Pakistan reported that the delegation would explore possibilities for cooperation in infrastructure development, policy and institution development, superior technological capabilities, modernizing workforce in knowledge, skills and attitudes, and marketing and investment opportunities in furniture sector.

PFC Chief Executive Mian Kashif Ashfaq informed the board of directors of the council Wednesday about the possible potential of furniture trade with Sri Lanka, the statement added.

He said this was an opportunity to expand Pakistani handmade world class furniture export and help boost economy besides generating new jobs in Pakistan.

He said Pakistan can easily double exports to Sri Lanka in a year's time by effectively using the duty concessions under the Free Trade Agreement (FTA), adding that if steps were taken timely in right direction, Pakistan's exports to Sri Lanka could touch $500 million from the current $267 million within a year.

He said the trade balance was heavily in favor of Pakistan. "Its exports to Sri Lanka amounted to $267 million while Sri Lankan exports to Pakistan were worth just $58 million," he added.

Sri Lanka mainly exports textile products like men's T-shirts while it imports bed wear, trousers, silk and synthetic textile and other ready-made garments.

"Pakistan's exports are slowly growing and it can further increase its share," Mian Kashif said.

Mian Kashif said furniture trade with Sri Lanka was at its lowest level and there was a dire need to explore furniture markets in this part of the region.

 

ColomboPage - Recent 10 Stories ::
Police Special Task Force for Colombo prisons also from today
-- [1 hour and 7 minutes ago]
Measures to eliminate competition in Grade 5 Scholarship Exam
-- [1 hour and 22 minutes ago]
'Meena Gaya' derails again today after colliding with an elephant
-- [1 hour and 47 minutes ago]
Dialog and Ericsson partner with Ministry of Digital Infrastructure to establish 5G Innovation Center
-- [3 hours ago]
Sri Lanka to recall commander of peacekeeping contingent in Mali
Train services on upcountry line restored after derailment
Sri Lanka Police in special operation arrest 3,560 people for various crimes
Sri Lanka seeks waiver for Iranian oil imports
Indonesian Naval Ship arrives at Sri Lanka's Colombo port on a goodwill mission
India to support strengthening Sri Lanka police, crime control

Copyright © 2000, 2016 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.