DHAKA, Jan. 13 (Xinhua) -- The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) here Monday laid the foundation of Pakistan-Bangladesh Joint Business Council.

The Memorandum of Understanding (MoU) for the establishment of the Joint Business Council was signed by Atif Ikram Sheikh, president of the FPCCI, and Md. Hafizur Rahman, administrator of the FBCCI, in the presence of Syed Ahmed Maroof, Pakistan's High Commissioner to Bangladesh.

The Joint Business Council will serve as a platform for the exchange of trade and investment information, the organization of business delegations, and the participation of businesses in trade exhibitions in both countries, the Pakistan High Commission in Dhaka said in a statement.

It will also oversee other initiatives aimed at promoting economic cooperation and unlocking the potential for mutual growth.

Maroof termed the initiative as a step forward to facilitate businesses on both sides, encourage collaboration, and enhance Pakistan-Bangladesh bilateral trade ties. Enditem

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