VOL NO REGD NO DA 1589

Monday, November 21, 2005

HEADLINE

POLITICS & POLICIES

METRO & COUNTRY

VIEWS & REVIEWS

EDITORIAL

LETTER TO EDITOR

COMPANY & FINANCE

BUSINESS & FINANCE

TRADE/ECONOMY

LEISURE & ENTERTAINMENT

MARKET & COMMODITIES

SPORTS

WORLD

 

FE Specials

FE Education

Urban Property

Monthly Roundup

Saturday Feature

Asia/South Asia

 

Feature

13th SAARC SUMMIT DHAKA-2005

WOMEN & ECONOMY

57th Republic Day of India

US TRADE SHOW

 

 

 

Archive

Site Search

 

HOME

HEADLINE
 
Pakistan willing to invest in textile, packaging sectors
11/21/2005
 

          Visiting Pakistani business delegation in the city Sunday showed interest in joint venture investment in the country's textile and packaging industires, report agencies.
The 9-member delegation, led by Pakistan Bedwear Exporters Association (PBEA) chairman Sabir Ahmed, expressed the interest when they called on Commerce Minister Altaf Hossain Chowdhury at his ministry. Bangladesh Textile Mills Association (BTMA) president MA Awal and senior officials were present at the meeting.
Welcoming the Pakistani businessmen, Commerce Minister urged them to invest here to avail the GSP (generalised system of preference) and duty-free access facilities.
"We are surprised to see the investment facilities here," said excited Rashid Salim, a member of the visiting team and chief executive of Ideal International, a textile manufacturer in Karachi.
"We will analyse what we have got here, and then we will decide when and how to invest in Bangladesh," he added.
They, however, called upon the government to remove the bottlenecks, including poor port infrastructure, banking system, and inadequate power and gas supply to boost up regional and bilateral trade.
Shabir Ahmed informed the meeting that SAARC countries' trade is only 5 percent among themselves, while it is 65 percent among the mem bers of the European Union.
The visitors also discussed on how to strengthen regional relationship and create a strong regional trade bloc to sustain in the future globalised world.
Earlier, the delegation took part in a dialogue on Bangladesh-Pakistan Strategic Cooperation in Textile Sector, organised by BTMA at a city hotel.
Textile and Jute Minister Shajahan Siraj, Energy and Mineral Resources Advisor and BOI Executive Chairman Mahmudur Rahman, PBEA Chairman Sabir Ahmed, his delegation members and BTMA members took part in the discussion, with BTMA Chairman MA Awal in the chair.

 

 
  More Headline
Govt '75pc responsible for non-functioning of ACC'
IDB keen to invest $400m in country's telecom project
Awal brought to joint interrogation cell
Rejoinder by ERD and WB
WB funds for capacity building 'should be directed thru' pvt sector instead of govt'
Comprehensive policy for SME development soon, says PM
Tri-nation gas pipeline project needs political will to be implemented
BB to publish half-yearly monetary policy review soon
14-party to paralyse country if grand rally obstructed: Jalil
India to review freeing of FDI
World donors pledge $6b for Pak quake victims
Country produces 26.13m tonnes rice, wheat annually
Pakistan willing to invest in textile, packaging sectors
EU trade chief to brief ministers in last huddle before global trade talks
Widespread reports of violence in second round Egypt vote
SAARC business leaders for fighting poverty thru' forming economic union
Fresh seismic survey proposed ahead of third round bidding
Experts call for optimum utilisation of biomass energy
Scots link gene to schizophrenia
JS bill proposes tough penalty for power tampering
M Ruhul Amin to act as CJ-in-charge
Deadline for depositing Moallem fee extended
Transport bodies call indefinite strike from tomorrow
 

Print this page | Mail this page | Save this page | Make this page my home page

About us  |  Contact us  |  Editor's panel  |  Career opportunity | Web Mail

 

 

 

 

Copy right @ financialexpress.com