07 February 2024: Karachi

Investment & Corporate Institutions FPCCI Senior Vice President & Chairman, Corporate & Taxation Law Pakistan Business Group Barrister Mr. Saleem Shaikh and his delegation called on the Bangladesh Deputy High Commissioner at the Chancery on 07 February 2024.

Deputy High Commissioner warmly welcomed the dignitaries and discussed on various issues of bilateral interests.

Deputy High Commissioner mentioned that Bangladesh is the largest delta in the world. Bangladesh is a green country which is a production powerhouse. Bangladesh is the 1^st in Jute export, 2^nd in Jute production, 3^rd in Freshwater fish production, 4^th in Rice production, 7^th in Potatoes production. Bangladesh, a country of 170 million population, is a self-sufficient country in food production. Bangladesh is 2^nd in RMG production and export.

Deputy High Commissioner mentioned that Bangladesh is the 1^st in Jute export and 2^nd in Jute production in the world. Bangladesh produces 11-12 lac tonnes of jute per year. Bangladesh exports jute and jute products to major markets such as Turkey, Iran, India, Pakistan and China. Deputy High Commissioner requested importers from Pakistan to import jute and raw jute, lather and leather goods, tea and coffee, garments, beetle leave, fish, fruits and fresh vegetables, spices, inorganic chemicals, pharmaceutical products, and so forth from Bangladesh. He emphasized that the Business Group and the FPCCI vis-à-vis KCCI and other Chambers of Commerce and Industries can play vital role to enhance the bilateral trade and investment.

He mentioned that Bangladesh has been working to establish 100 Specialized Economic Zones (SEZ) across the country, which is expected to generate over 10 million jobs and contribute to the production of goods and services and related exports over worth of USD40 billions from those SEZs. He further added that purchasing power of Bangladeshi people has increased and Bangladesh will a trillion dollar Economy and the 9^th largest consumer market in the world by 2041. He invited more investors to invest in Bangladesh’s SEZs, where different countries already have their investments including Pakistan.   

Investment & Corporate Institutions FPCCI Senior Vice President & Chairman, Corporate & Taxation Law Pakistan Business Group Barrister Mr. Saleem Shaikh expressed his optimism that his organization will work to promote mutually beneficial economic relations between the countries. Expressing high appreciation of Bangladesh’s socio-economic developments, he was convinced that the investment in Bangladesh by foreign investors would be very profitable in the years to come.