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Pakistan and Sri Lanka on Friday agreed to make efforts to further explore new avenues of businesses and diversify the relation to include investments and services sector, under the Free Trade Agreement.
The understanding came during the Foreign Secretary-level Bilateral Political Consultations. Foreign Secretary Jalil Abbas Jilani led the Pakistan side, while Sri Lanka was represented by Foreign Secretary Tilakaratne Amunugama during the talks.
A statement from the Foreign Office said the talks focused on gamut of issues encompassing the entire spectrum of bilateral relations and the two sides had detailed exchange of views on a number of issues of mutual interest. Both sides agreed that the consultations should be held on a regular basis.
They also appreciated the significant increase in bilateral trade since the signing of the Free Trade Agreement and to take advantage of the mechanisms in place.
In addition to the existing fully-funded scholarships Pakistan offers to the Sri Lankan students in medicine, engineering, pharmacy and dentistry, the Foreign Secretary offered scholarships to Sri Lankan students in prestigious agricultural institute of Pakistan.
Following the talks, the two Foreign Secretaries signed a Memorandum of Understanding between The Lakshman Kadirgamar Institute of International Relations and Strategic Studies (LKIIRSS) and the Institute of Strategic Studies Islamabad (ISSL).
Earlier in the day the Foreign Secretary and his delegation paid a courtesy call on the Sri Lankan President Mahinda Rajapaksa at the Presidentâ€™s Secretariat.
During the meeting, Foreign Secretary Jalil Abbas Jilani conveyed the greetings and best wishes from the President of the Islamic Republic of Pakistan, Asif Ali Zardari, to the Sri Lankan President.