KARACHI, Aug 5: Pakistan, Bangladesh and Myanmar should enter into trilateral joint ventures for high profits to all. A meeting between Pakistan’s High Commissioner-designate to Bangladesh, Alamgir Babar and members of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) here on Friday noted that Myanmar was rich in minerals and other raw materials that could be transported to Bangladesh at very low cost.

Pakistan and Bangladesh involving their infrastructure, finances and expertise under the joint tripartite arrangement could make finished or semi-finished goods for exports.

“We can make value-addition to Myanmar’s raw materials in Bangladesh and export the same to regional and international markets,” the high commissioner said.

The FPCCI team was led by its president Chaudhry Muhammad Saeed. It included former FPCCI president Tariq Sayeed, FPCCI Women Entrepreneurs Forum co-chairperson Mehreen Ellahi, FPCCI Managing Committee member Dr Mushtaq Noorwala, FPCCI Joint Business Council and Federation of Bangladesh Chambers of Commerce and Industry chairman Ashfaq Ahmed Khan.

The FPCCI president informed the meeting that Pakistan could export engineering goods, food products, sports, surgical, etc., to Bangladesh. At present Pakistan is mainly exporting yarn to Bangladesh.

He said the FPCCI, in collaboration with the Export Promotion Bureau of Pakistan and the Bangladesh Federation of Chambers, was working on holding a “Pakistan single-country exhibition” in Dhaka next year. “We are to decide the schedule with the FBCCI,” he said.

He called upon the FPCCI members to enter into joint ventures with Bangladeshi counterparts in various sectors. “There is not risk to investment. There is a big scope of cooperation between the two countries,” he added.

The HC-designate informed the meeting that the Bangladesh government had invited Pakistani businessmen to join ongoing privatization process.—APP