The visiting delegation of Federation of Pakistan Chambers of Commerce and Industry (FPCCI) expressed interest to relocate their textile industries to Bangladesh. We want a written guarantee of uninterrupted gas supply for the captive power plants to run the relocated industries, said FPCCI President Chaudhry Muhammad Saeed at a meeting with the local textile mill owners.

The FPCCI President, who is leading a 49-member high-profile trade delegation, said that some sort of bilateral agreement can reduce the existing trade imbalance between the two countries. The businesspeople of Pakistan are very keen to come up with investment to your country, he said in the meeting held at the conference room of Bangladesh Textile Mills Association (BTMA). About the proposed Free Trade Area (FTA) deal between Bangladesh and Pakistan, Muhammad Saeed said that there are certain issues like establishing shipping and air links should be settled prior to signing the agreement. BTMA chairman MA Awal told reporters that the proposal for relocating Pakistani textile industries is at the primary stage. The BTMA chairman read out a written statement at the meeting where the incentives offered by the government for foreign investors were briefly presented.

The apparel sector leaders at the meeting called upon the Pakistani investors to invest in the country’s clothing industry and avail of the GSP facility given by the EU countries.