COLOMBO: Pakistan and Sri Lanka signed eight agreements and MoUs in Colombo on Tuesday.
These are related to defense, security, anti-terrorism, trade and science and technology.
Prime Minister Nawaz Sharif and Sri Lankan President Maithripala Sirisena were present at the ceremony of signing agreements.
Speaking on the occasion, Nawaz Sharif said there were vast opportunities for bilateral trade and quantum of trade would be taken to one billion dollars annually.
He said Pakistan was cooperating with Sri Lanka in the defense sector and the two countries would work together to choke financial assistance to terrorists.
The prime minister said the two countries intended to strengthen bilateral relations as they had unanimity of views on the international and regional issues.
Nawaz Sharif said his visit was reflective of close relationship between the two countries.
He said Pakistan was ready to give Sri Lanka the most favoured nation (MFN) status in trade.
Addressing the function, Sri Lankan President said his country enjoyed close relations with Pakistan in all sectors.
He said Sri Lankan people acknowledged the role of Nawaz Sharif in promotion of bilateral relations.
He said the leadership of Prime Minister Nawaz Sharif had created political stability in Pakistan.
Earlier, delegation level talks between Pakistan and Sri Lanka were held at Presidential Palace in Colombo.
Prime Minister Nawaz Sharif led Pakistani delegation while Sri Lankan President Maithripala Sirisena headed the Sri Lankan side.
They discussed ways and means to enhance bilateral relations in diverse fields.
Members of Pakistani delegation at the talks include Commerce Minister Khurram Dastgir, Minister of Defense Production Rana Tanveer Hussain, Special Assistant to Prime Minister on Foreign Affairs Tariq Fatemi and Adviser on National Security Nasir Khan Janjua.