Need for a direct shipping line between Karachi and Chittagong, says SM Tanveer

SM Tanveer, Chairman of All Pakistan Textile Mills Association (Aptma) has said that there is an urgent need for a direct shipping line between Karachi and Chittagong, Bangladesh in order to enhance bilateral trade even further. In a meeting with Bangladesh High Commissioner Sohrab Hussain, Tanveer mentioned that Pakistan’s total exports to Bangladesh stood at US $ 710 million in 2013-14, out of which US $ 709 million were textile exports. He added, “Export of raw material from Bangladesh plays a vital role in the garment industry, requiring more cooperation through better trade relations. The level of bilateral trade can be improved through better knowledge-sharing, exchange of institutional-level information and adopting measures to enhance technical knowledge to take comparative advantage.”