With an aim of fostering economic growth between Bangladesh and Pakistan and across Central Asia, the former has decided to ease its visa policy for Pakistani business leaders, said Bangladesh High Commissioner to Pakistan, Iqbal Hussain Khan, at a reception hosted by the Gujarat Chamber of Commerce and Industry (GTCCI) on Saturday.
“We believe in stability and economic growth in the region, which is why we are easing the visa regime for Pakistan, particularly for businessmen,“ Khan said, adding that Dhaka views Pakistan as a gateway to Central Asia.
“Both countries have started granting visas to trade delegations,” he added.
He also said bilateral trade between the two countries is expected to cross USD 1 billion this fiscal year, expressing hope that trade will continue to grow as both nations remain committed to strengthening cooperation.
Speaking at the event, GTCCI President Bau Muneer said that Pakistan and Bangladesh, being the largest economies in SAARC (South Asian Association for Regional Cooperation) after India, should utilise regional trade opportunities for mutual benefit. He said that Bangladesh’s GDP has reached USD 437 billion while Pakistan’s GDP stands at USD 373 billion. “It is time we join hands to maximise the trade potential.”
After Sheikh Hasina’s ouster as the prime minister of Bangladesh last year, the bilateral relations witnessed a thaw with high-level exchanges between the two nations.
Last month, Pakistan’s defence minister, Khawaja Muhammad Asif had talked about the historic and cultural relations between the two countries at an event, expressing his country’s keenness to work with Bangladesh to improve their economic, political and cultural cooperation.
Notably, during the military stand-off between India and Pakistan earlier in May, Bangladesh had opted to maintain careful diplomacy and followed a measured approach.
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