Islamabad, 17 May, 2025: In a significant move to strengthen bilateral relations, Bangladesh has simplified visa procedures for Pakistani nationals, aiming to enhance trade and cultural exchanges between the two countries.
High Commissioner Muhammad Iqbal Hussain Khan announced during his visit to the Lahore Chamber of Commerce and Industry (LCCI) that an e-visa facility is also in the pipeline to further facilitate travel for Pakistani citizens.
Trade Prospects and Economic Collaboration
The High Commissioner emphasized the importance of regular business delegations to explore new opportunities and deepen market understanding.
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He highlighted potential trade sectors, including Bangladesh’s exports of coconut and coal, and Pakistan’s exports of leather, meat, rice, sugar, fish, and coal.
Discussions are underway to establish direct flights and shipping routes between the two nations to bolster trade connectivity.
Economic Indicators and Future Goals
LCCI President Mian Abuzar Shad noted that Pakistan and Bangladesh, being the largest economies in the SAARC region after India, should leverage regional trade opportunities for mutual benefit.
He pointed out that Bangladesh’s GDP has reached $437 billion, while Pakistan’s stands at $373 billion.
The current bilateral trade volume is $718 million, with Pakistan exporting goods worth $661 million to Bangladesh and importing goods valued at $57 million.
Shad expressed optimism about increasing the trade volume to at least $2 billion, with aspirations of reaching $510 billion in the near future.
He identified pharmaceuticals, surgical instruments, sports goods, and auto parts as sectors with significant untapped potential.
He also advocated for pursuing a free trade agreement (FTA) to further enhance trade, given the favorable political and economic environment between the two countries.
Defense Cooperation and Diplomatic Engagements
The LCCI President appreciated Bangladesh’s growing interest in defense cooperation with Pakistan, citing a recent visit by the principal staff officer of Bangladesh’s Armed Forces Division as a significant development in bilateral defense ties.
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He also acknowledged Bangladesh’s peace-oriented stance on the Pakistan-India conflict and expressed gratitude for the solidarity shown by the people of Bangladesh.
Looking ahead, Shad sought the High Commission’s support in facilitating an upcoming LCCI delegation’s visit to Sri Lanka and Bangladesh in July 2025, comprising representatives from the textile, pharmaceutical, and rice sectors.
He requested assistance in arranging meetings with high-ranking officials from Bangladesh’s Ministry of Commerce and top business organizations.
