Pakistan Hosiery Manufacturers Association (PHMA) and Bangladesh Knitwear Manufacturers & Exporters Association (BKMEA) have agreed to work on boosting investment and commerce between the two countries.
A memorandum of understanding to this effect was signed between the two associations in Dhaka Monday.
A 15-member high-profile delegation of Pakistan Textile Processing Mill Association, including the representatives of PHMA, was visiting Dhaka to explore investment and business possibilities here.
During the talks, the two associations concentrated mostly on the field of investment. The Pakistani delegation members showed interest in the possibility of investment here.
BKMEA President Fazlul Haque apprised the delegation members of the prospects of investment in knitting and related sectors while the Pakistani representatives enquired about payback period, cost of land and its availability, and other expenditures.
Chairman of APTPM Dr Arshad A Vohra and Vice-chairman Munayed Makda, among other top ranking business leaders, were present.
