Bilateral trade below $1b as KCCI proposes direct flights, enhanced banking channels
KARACHI:
Bangladesh High Commissioner Md Iqbal Hussain Khan has stated that relations between the two countries are witnessing positive momentum, reflecting a strong commitment by both governments to strengthen bilateral ties, according to a statement issued on Monday.
Speaking during his visit to the Karachi Chamber of Commerce and Industry (KCCI), the high commissioner remarked that the current phase represents a “golden opportunity” to expand bilateral cooperation. He noted that while logistical challenges persist, particularly in air and maritime connectivity, these can be addressed through mutual understanding. “At present, I do not see any major barriers that cannot be overcome,” he added.
Chairman of the Businessmen Group (BMG) Zubair Motiwala emphasised that bilateral trade remains below $1 billion, far below its true potential. He highlighted the opportunity for Pakistan to support Bangladesh’s garment sector through technology transfer, process optimisation and value addition to create a mutually beneficial partnership.
Motiwala proposed practical measures to enhance trade facilitation, including simplifying visa processes and establishing dedicated help desks at both Karachi and Dhaka chambers. He also stressed the urgent need for direct air connectivity between Karachi and Dhaka, stating that even limited weekly flights would significantly enhance trade and business travel. Similarly, he welcomed the commencement of direct maritime shipments to Bangladesh, describing it as a major step forward in improving trade logistics. He also underscored the importance of strengthening banking channels.
