Pakistani firms eye sugar, cement investments in Sri Lanka
ECONOMYNEXT – A Pakistani business delegation visiting Sri Lanka is keen to invest in the sugar, cement, pharmaceuticals, dairy and information technology sectors in the island, the investment promotion agency said.
The Board of Investment said the business delegation, led by Khurram Dastigir Khan, Minister of Commerce of Pakistan, met with Sri Lanka’s State Minister of International Trade Sujeewa Senasinghe at the BOI.
“The Pakistani delegation expressed their interest in exporting coal to Sri Lanka,” the BOI said in a statement. “They were keen in exporting pharmaceuticals to Sri Lanka.”
The BOI said Sri Lankan officials emphasized the need for pharmaceuticals production in Sri Lanka and suggested joint ventures by Sri Lanka and Pakistani enterprises.
“One Pakistani investor suggested that Sri Lanka produce less expensive and stronger flavored CTC tea that enjoys popularity among lower income groups in Pakistan,” it said.
(Colombo/November 12 2015)