Islamabad, August 24, 2025, 11:15 AM PKT –
Pakistan and Bangladesh are set to establish a Joint Trade Commission, marking a significant move to enhance economic cooperation. This decision stemmed from high-level meetings in Dhaka, focusing on strengthening bilateral relations between these South Asian countries.
Ambitious Bilateral Trade Targets
The commission plans to set ambitious trade targets by concentrating on coordinated policies and strategic partnerships. During the discussions, Pakistan’s Commerce Minister Jam Kamal Khan and Bangladesh’s Adviser for Commerce, Sk. Bashir Uddin, stressed the importance of mutual economic growth and increased cross-border trade.
Key Sectors for Economic Growth
The commission, according to Khan, will facilitate enhanced bilateral trade. The key sectors identified for economic collaboration include:
- Agriculture and food products
- Textiles and garments
- Energy and renewable resources
These sectors offer substantial opportunities to extend trade relationships and explore new market potentials.
Reactivating the Joint Economic Commission
The discussions also emphasized reactivating the Joint Economic Commission (JEC), inactive since 2005. Revitalizing the JEC is crucial for streamlining investment and trade mechanisms, enhancing coordination on trade policies, and resolving regulatory barriers hindering commerce.
Infrastructure and Tariff Reforms
Both nations are dedicated to reducing tariffs and improving logistics infrastructure to ensure smoother cross-border trade and promote economic growth. Infrastructure enhancements will address longstanding obstacles, while tariff reductions are expected to make products more competitive, boosting export opportunities.
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