February 23rd 2025.
Recent reports have revealed that Pakistan and Bangladesh have successfully resumed direct trade, marking a significant moment in their relationship since their separation in 1971. The first government-approved cargo departed from Port Qasim, signaling the restoration of official trade relations after almost 50 years. This is a major milestone for maritime trade between the two nations.
The agreement was reached in early February, where Bangladesh agreed to purchase 50,000 tonnes of Pakistani rice through the Trading Corporation of Pakistan. This deal has paved the way for a Pakistan National Shipping Corporation vessel to dock at a Bangladeshi port for the first time in history. This move is expected to foster economic cooperation and revive trade channels that have been dormant for decades.
In 1971, East Pakistan separated from Pakistan and formed the independent state of Bangladesh. This marked the end of direct trade between the two nations. However, with this recent development, it is evident that efforts are being made to strengthen economic ties and facilitate direct shipping routes.
The cargo shipment of 50,000 tonnes of rice will be completed in two phases, with the remaining 25,000 tonnes to be dispatched in early March. This is a positive step towards boosting trade between the two nations and is expected to have a positive impact on their economies.
This trade agreement is a result of high-level exchanges between the two nations, following the ouster of Sheikh Hasina as the prime minister of Bangladesh last year. The interim government in Bangladesh extended an olive branch, which was received positively by Pakistan. This has led to a thaw in their bilateral relations, opening doors for further cooperation and trade opportunities.
In conclusion, the recent resumption of direct trade between Pakistan and Bangladesh is a significant development that holds great potential for both nations. It is a step towards building a stronger relationship and fostering economic growth. This could be the beginning of a new era of cooperation and progress between the two nations.
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