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Sri Lanka Envoy-Designate Underscores Economic Recovery, Investment Prospects in Pakistan Visit

News Desk by News Desk
August 15, 2025
in Business
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Sri Lanka Envoy-Designate Underscores Economic Recovery, Investment Prospects in Pakistan Visit
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ISLAMABAD; Sri Lanka’s High Commissioner-designate to Pakistan, Rear Admiral Fred Senevirathna, has underscored his country’s economic rebound and newly expanded opportunities for foreign investors, urging Pakistani businesses to deepen trade and investment ties.

Speaking in Islamabad, he outlined Sri Lanka’s strategic advantages, including its location on key maritime trade routes, investor-friendly tax policies, and a skilled workforce.

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The envoy highlighted reforms under Sri Lanka’s current political leadership, including a zero-tolerance stance on corruption, governance improvements, and policies aimed at attracting international capital.

He noted that the country had regained macroeconomic stability with IMF support, boosted foreign reserves, increased exports, drawn more tourists, and secured steady foreign direct investment inflows in recent months.

FPCCI President Atif Ikram Sheikh, who hosted the meeting, hailed the visit as a reflection of the enduring Pakistan–Sri Lanka friendship and emphasized the need to leverage each country’s economic strengths—Pakistan’s vast consumer market and growing industrial base alongside Sri Lanka’s maritime positioning and resilient economy.

The session was attended by senior Pakistani officials, chamber leaders, and business representatives from various sectors, both in person and virtually.

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