COLOMBO (APP) - Pakistan and Sri Lanka Sunday inked three agreements, including waiving off visas for officials and diplomats, cooperation in customs matters and augmenting cultural exchange, and a Memorandum of Understanding (MoU) on cooperation in agriculture. President Asif Ali Zardari and his Sri Lankan counterpart Mahinda Rajapakse witnessed the signing of agreements after holding a one-on-one meeting at the Presidential Palace. Foreign Minister Shah Mehmood Qureshi, Defence Minister Ch Ahmed Mukhtar and Board of Investment (BOI) Chairman Saleem Mandviw-alla signed the respective agreements. The agreement on visa will waive off visa conditions for diplomats and officials to increase the level of interaction between the two countries. Under the agreement on customs, both the countries will cooperate in stopping custom offences. They will assist each other in the prevention, investigation, prosecution, transfer of illicit substances and illicit trafficking in narcotics. The agreement on cultural cooperation will strengthen relations in the fields of arts, culture, creative studies, archaeology, sports, education, information and media. The MoU on agriculture focuses cooperation for the mutual benefit of the two countries. Earlier, Pakistan and Sri Lanka agreed on expanding the mutual relations from defence cooperation to 'overall comprehensive engagement involving trade, communications and culture. Zardari in a one-on-one meeting with Mahinda Rajapakse held extensive talks on bilateral, regional and global issues. The two presidents promised to turn the existing ties into a multi-sectoral engagement in addition to defence, which had been a major sector of collaboration. Zardari noted significant increase in trade volume between the two countries in the last four years after the signing of the Free Trade Agreement but stressed that both sides needed to continue striving to further expand their commercial ties. Zardari emphasised the need to reactivate the Joint Economic Commission (JEC) to facilitate bilateral economic cooperation. He also appreciated Sri Lankas timely assistance to Pakistan in the wake of the recent catastrophic floods. During the talks the two countries identified cooperation in cement, sugar, dairy production, chemical plants, textiles, tourism and pharmaceutical as potential areas of mutually beneficial collaborative projects. After the meeting, the delegation level talks were held between the countries. Meanwhile, Foreign Minister Shah Mehmood Qureshi told APP that Pakistan would also restore the flights of national flag career to and from Colombo with effect from March 2011. Currently only the Sri Lankan Airways is operating three flights a week from Karachi. Qureshi said the two countries intended to reinvigorate the Joint Economic Commission and increase political consultations. We want the architecture of enhanced relationship between Pakistan and Sri Lanka to be more strong, he said. About the defence cooperation, he said Sri Lanka evinced interest in purchase of Pakistans Al-Khalid main battle tanks, light weapons, ammunition and the Sino-Pak joint venture product JF-17 Thunder aircraft. Qureshi said Pakistan-Sri Lanka Free Trade Agreement was already in place with a high potential and the two sides held threadbare discussions to make it more effective, adding that it could lead to the inking of a Comprehensive Economic Partnership Agreement.