Pakistan s exports to Sri Lanka touched the figure of $87.9 million over last year as the Free Trade Agreement (FTA) has positive impact on bilateral trade between the two countries. Vice President Federation of Pakistan Chamber of Commerce and Industry (FPCCI) Zubai F. Tufail told Bandula Gunawardena, Trade Minister of Trade Marketing and Consumers Affairs of Sri Lanka, that exports of Pakistan to Sri Lanka have increased by 112 percent, said an official statement. He said that Sri Lanka is a major buyer of Pakistani cotton yarn and woven fabric which contributes 63.3 percent in total exports including Iron articles, pharmaceutical products and rice. Tufail said that Sri Lanka exports to Pakistan also increased by 102 percent as the total import from Sri Lanka was $71.31 million. He said that Pakistani imports consists of rubber articles followed by oil seeds, grains , coffee, tea and spices fruits, nuts and wood charcoal, food and its articles. Tufail said the FTA has positive impact on bilateral trade adding that there was huge potential to further boost trade ties in various sectors. He said that Pakistan cement industry has great potential to export cement to Sri Lanka.
