Pakistan, Aug. 2 -- Pakistan's MG JW Automobile company signed a memorandum of understanding (MoU) this week with Bangladeshi conglomerate RANCON Group to export Pakistani vehicles to Bangladesh, as both countries eye greater business-to-business (B2B) ties.

RANCON is a major business group in Bangladesh that operates in several fields like cars, real estate and electronics. Under the agreement, MG JW Automobile will export 100 vehicles to Bangladesh during the current year, while total exports are projected to reach 5,800 vehicles over the next four years, the Pakistan High Commission in Bangladesh said on Friday.

The high commission said that the deal is expected to benefit Bangladesh by expanding the range of vehicles available in it...