Pakistan and Bangladesh have restarted direct trade after more than 50 years, with the first official cargo shipment leaving from Port Qasim. This is a big step in improving economic relations between the two countries.
Bangladesh has agreed to purchase 50,000 tonnes of rice from Pakistan through the Trading Corporation of Pakistan. The first shipment, carrying 25,000 tonnes, is already on its way, and the second batch is scheduled to depart in early March.
For the first time, a vessel from the Pakistan National Shipping Corporation (PNSC) will transport government cargo directly to a port in Bangladesh. This achievement is expected to make trade between the two nations easier and help establish a regular shipping route.
The resumption of direct trade is likely to benefit both economies by reducing transportation costs and improving supply chains. It also opens doors for more trade agreements and stronger business partnerships in the future. Experts believe that this step could lead to increased exports from both countries and enhance economic cooperation in South Asia.
This development is seen as a positive move toward rebuilding economic ties between Pakistan and Bangladesh. It could encourage further trade in other sectors, strengthening connections beyond just rice exports. As both countries work together, businesses and consumers may see more benefits from improved trade relations.
American Dollar Exchange Rate