A Pakistani cargo ship has reached Chittagong Port in Bangladesh after a long hiatus in a significant development for Pakistan-Bangladesh trade relations — a milestone marks a promising step towards strengthening economic ties between the two nations.
Bangladesh, formerly known as East Pakistan, was separated in 1971 and later Pakistan accepted it as sovereign country in 1974. The relationship between both countries have been remained tremendous but during Hasina Wazid era pro-India policies led to cornering Pakistan in the mainstream Bangladesh debate creating huge communication vacuumed between the two countries. Now, since the interim government came into power with the support of the Students revolution, the relations between the two brotherly countries are being normalized.
The 2300 TAU cargo vessel, originating from Karachi, arrived at Chittagong Port a few days ago. The Pakistan High Commission in Bangladesh hailed this development, emphasizing that the new sea trade corridor would enhance the supply chain efficiency, save time, and create fresh business opportunities for both countries.
The President of the Karachi Chamber of Commerce and Industry (KCCI), Javed Balwani, expressed optimism about the restoration of sea trade, particularly for the textile and garment sectors.
“This is a golden opportunity for Pakistani exporters to introduce their products in the Bangladeshi market. Increased exports will positively impact our foreign exchange reserves,” said Balwani.
Previously, trade between Pakistan and Bangladesh relied on indirect routes via Sri Lanka or Dubai, and air connectivity between the two nations had been suspended since 2018. Economists predict that reopening this sea corridor could significantly boost trade volumes in the coming years, marking a turning point in bilateral economic relations.
