Pakistan’s Key Exports and Bangladesh’s Market Demand
- Opportunities for Pakistani Startups and SMEs in Bangladesh
- Bangladesh: A Growing Economy with Untapped Potential
- SMEs and Freelancers Poised to Benefit from Improved Relations
- Pakistan’s Key Exports and Bangladesh’s Market Demand
- Collaboration Between Two Nations: A Shared Responsibility
- Rehan Hyder: Startups Should Tap Into Bangladesh’s Dynamic Market
In a move aimed at fostering closer relations and enhancing trade opportunities, the government of Bangladesh has simplified its visa process for Pakistani nationals. Speaking at the Lahore Chamber of Commerce and Industry, Bangladeshi High Commissioner Iqbal Hussain Khan announced that clearance from Dhaka for the Pakistani Head of Missions is no longer required, making the visa application process smoother.
High Commissioner Khan highlighted Bangladesh’s commitment to improving ties with Pakistan, noting that the relationship has been less than satisfactory over the past decade. He emphasized the vast potential for trade between the two nations, citing Bangladesh’s large consumer market of 180 million people as a significant opportunity for Pakistani businesses.
“This is a fantastic opportunity for Pakistani startups and small and medium-sized enterprises (SMEs) looking to expand into neighboring markets,” said business consultant Rehan Hyder while talking with Local News. “Bangladesh is a growing economy with a dynamic business environment, offering tremendous opportunities for freelancers, entrepreneurs, and new ventures seeking to establish their footprint in the region,” he added.
The High Commissioner underlined the importance of regional cooperation, mentioning Dr. Muhammad Younas, Chief Advisor to Bangladesh, as a key figure in promoting this agenda. He stressed the need for strengthening the South Asian Association for Regional Cooperation (SAARC) to boost trade and economic collaboration in the region.
Calling for a joint effort to create better trade opportunities for the current generation, Khan urged both countries to work towards removing barriers to mutual cooperation.
In his address, Mian Abu Dhar Shad, President of the Lahore Chamber of Commerce and Industry, highlighted the scope for growth in key sectors. He pointed out that Pakistan’s significant exports to Bangladesh include cotton cloth, yarn, and cement, while imports such as footwear from Bangladesh hold substantial commercial value. Shad called for enhanced collaboration to unlock the untapped potential in these areas.
The discussion emphasized the shared responsibility of both nations to pave the way for stronger economic ties. With a more accessible visa process and Bangladesh’s expanding market, the stage is set for a fruitful partnership that benefits businesses of all sizes across both countries.