By Our Correspondent
LAHORE – High Commissioner of Bangladesh Muhammad Iqbal Hussain Khan has said that Bangladesh has recently simplified visa requirements for Pakistani citizens to encourage bilateral trade and cultural exchanges. He said that work is also underway to introduce an e-visa facility for Pakistani nationals in the near future.
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During his visit to the Lahore Chamber of Commerce and Industry, the High Commissioner highlighted the importance of regular business delegation exchanges to explore new opportunities and deepen market understanding between the two countries.
LCCI Senior Vice President Engineer Khalid Usman, Vice President Shahid Nazir Chaudhry andHonorary Consul General of Bangladesh Qazi Humayun Fareed also addressed the session and pledged to further deepen economic and commercial relations between the two nations. LCCI Executive Committee Members Waqas Aslam, Syed Hassan Raza, Shouban Akhter, Firdous Nisar, Ahad Amin malik, Asif Malik, Ahsan Shahid and Asif Khan were also present.
Highlighting Bangladesh’s interest in expanding economic ties, the High Commissioner mentioned potential trade sectors including coconut and coal from Bangladesh andleather, meat, rice, sugar, fish andcoal from Pakistan. He further disclosed that direct flights and shipping routes between the two countries are being considered to boost trade connectivity.
LCCI President Mian Abuzar Shad, welcoming the envoy, said that Pakistan and Bangladesh, being the largest economies in SAARC after India, should utilize regional trade opportunities for mutual benefit. He said that Bangladesh’s GDP has reached $437 billion while Pakistan’s GDP stands at $373 billion. It is time we join hands to maximize trade potential,” he added.
Mian Abuzar Shad said that the balance of trade currently favors Pakistan, with total bilateral trade volume recorded at $718 million in 2023-24. Of this, Pakistan exported goods worth $661 million to Bangladesh and imported goods worth $57 million. From July to March in the current fiscal year (2024-25), Pakistan’s exports to Bangladesh stood at $603 million and imports at $63 million.
He said that with consistent efforts and mutual commitment, it is very feasible to raise the trade volume to at least $2 billion andeven $5-10 billion in the near future, as envisioned by LCCI.
“Currently, Pakistan exports cotton fabrics, yarn andcement to Bangladesh. However, the LCCI President sees huge potential in pharmaceuticals, surgical instruments, sports goods andauto parts. He also stressed the importance of moving towards a Free Trade Agreement (FTA), given the favorable political and economic climate”, Mian Abuzar Shad added.
The LCCI President assured the High Commissioner of LCCI’s full support in promoting trade and investment between the two countries. “Our doors are always open for facilitating businesses and sharing trade-related information,” he said.
He appreciated Bangladesh’s growing interest in defense cooperation with Pakistan, saying that a recent visit by the Principal Staff Officer of the Bangladesh Armed Forces Division marked a significant development in bilateral defense ties. He praised the Bangladesh Foreign Ministry’s peace-oriented stance on the Pakistan-India conflict and expressed gratitude for the solidarity shown by the people of Bangladesh.
Mian Abuzar Shad sought the High Commission’s support in facilitating an upcoming LCCI delegation to Sri Lanka and Bangladesh in July 2025, comprising representatives from textile, pharmaceutical andrice sectors. He requested assistance in arranging meetings with high-ranking officials from the Ministry of Commerce and top business organizations in Bangladesh.
