BD firm to import grey fabric

KARACHI: Advanced Chemical Industries (ACI), one of the largest Bangladeshi conglomerates, has expressed interest to import grey fabrics and yarn from Pakistani companies, which would help Pakistani companies reclaim Bangladesh’s textile market.

An official at the Trade Development Authority of Pakistan (TDAP) said a meeting between Pakistan’s trade mission and ACI’s top official was held last month, wherein ACI expressed intention to start imports from Pakistan.

ACI, being one of the largest conglomerates in Bangladesh with a multinational heritage operates across the country through its four diversified strategic business units. The official said the proposal in this regard had been forwarded to the Ministry of Commerce and Textile for further deliberations.

Bangladesh is a huge market, while Pakistan’s exports to the third-largest Muslim country were only $57.63 million in September 2019.