The signing of Memorandum of Understanding (MoU) was witnessed by the Sri Lankan President Mahinda Rajapakse at a breakfast meeting and an interactive session arranged by the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Saturday.

Besides the Pakistani businessmen, the meeting was attended by the members of visiting Sri Lankan delegation including leading businessmen from Sri Lanka. FPCCI and FCCISL --Federation of Chambers of Commerce and Industry Sri Lanka -- signed the MoU for setting up a Joint Business Council to boost trade and economic cooperation between the private sectors of two countries.

President FPCCI Chaudhury Muhammad Saeed and President FCCISL Nawaz Rajabdeen signed the MoU in presence of the President Rajapakse.

Earlier, President FPCCI Chaudhury Muhammad Saeed in his address urged the need of increased bilateral trade and economic cooperation between the two countries.