SL-Pakistan Trade Boost: Colombo Business Forum Signals Deeper Ties 📈

Sri Lanka and Pakistan reaffirmed their economic partnership during a high-level meeting between the Sri Lanka Export Development Board (EDB) and the Karachi Chamber of Commerce and Industry (KCCI) on May 6, 2026. • Strategic Context The session underscored the importance of the Sri Lanka–Pakistan Free Trade Agreement (PSFTA), which has served as a cornerstone of bilateral trade since its inception in 2005. Officials noted its status as Pakistan’s first-ever bilateral FTA. • Key Discussion Areas Both parties identified significant untapped potential for trade expansion, focusing on: Enhanced private sector collaboration and stronger B2B engagement. Improving trade facilitation and increasing the utilization of existing FTA frameworks. Strengthening the role of the SAARC Chamber of Commerce and Industry in regional integration. • Economic Outlook The meeting concluded with a commitment to diversify trade portfolios beyond traditional sectors. While specific trade volumes for 2026 remain provisional, the engagement aims to stabilize export growth and foster long-term economic cooperation between the two South Asian nations.