Pakistan, Malaysia form ministerial level committee to enhance trade
PM Imran and his Malaysian counterpart addressed Round Table meeting of the CEOs of Industries.
ISLAMABAD (Web Desk) - Prime Minister Imran Khan on Friday announced that Pakistan and Malaysia have agreed to set up a permanent ministerial level committee that will meet regularly to keep enhancing trade between the two countries.
Addressing Round Table meeting of the CEOs of Industries in Islamabad on Friday, he said under the vision and leadership of Dr. Mahathir Mohamad Malaysia achieved success and prosperity which is a role model for many Islamic countries. He said the visit will help us learning from Malaysian model, increasing bilateral trade, and enhancing cooperation between the two countries.
The Prime Minister said Dr. Mahathir Mohamad commands so much respect in Pakistan and it is a great honor for us that he is attending the Pakistan Day ceremony.
Key To Malaysia’s Success
In his address, Malaysian Prime Minister Mahathir Mohammad said the meeting has provided an opportunity to the Pakistani and Malysian businessmen and investors to understand each other and promote their business.
Dr. Mahathir Mohammad presented a history of Malaysia’s march from poverty at its independence to its present ndustrial development. He said Malaysia made its industrial development possible only by promoting foreign investment and imparting knowledge and know-how to its people.
The Malaysian Prime Minister said his country can buy from Pakistan and also export its products to the country.
He said his country plans to set up a Proton car manufacturing unit in Pakistan, which will start production in Jue next year. He also presented a gift of Proton car to Prime Minister Imran Khan on this occasion.
He said Malaysia is a trading nation and it does not have enmity with any other country, except Israel as it has usurped the land of Palestinians and expelled them from their country.
Six MoUs Signed
On this occasion, Pakistani and Malaysian firms signed six Memorandums of Understanding for joint venture in IT, Telecommunication and car manufacturing.
It was announced that two other MoUs will soon be signed between investors of the two countries in and Halal food production.
Adviser to Prime Minister on Commerce Abdul Razak Dawood said the two sides have, in their talks, agreed to further increase their bilateral trade volume for the mutual benefit of the two countries. He said presently the Malaysian exports to Pakistan are about one billion dollars while Pakistani exports to Malaysia are one hundred and thirty million dollars.
Abdul Razak Dawood said both sides are committed to developing their existing relations and economic cooperation to the mutual advantage of the two countries.
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Earlier today, Prime Minister Imran Khan and his Malaysian counterpart Dr Mahathir Mohamad held one-on-one meeting here at the PM House on Friday, focusing on further strengthening relations between the two countries.
The two leaders emphasized on taking effective measures to cement relations at people-to-people level, besides encouraging their businessmen to initiate joint ventures.
Prime Minister Imran Khan said Pakistan and Malaysia enjoyed brotherly relationship and stood by each other in difficult times.
He termed Dr Mahathir Mohamad an inspirational personality whose vision made Malaysia a developed and modern country.
Later, the two leaders led their sides at the delegations-level talks, which encompassed diverse areas that include cooperation in trade, automobiles, agriculture, tourism and food processing, particularly Halal meat.
Pakistani delegation included Finance Minister Asad Umer, Information Minister Chaudhry Fawad Hussain, PM’s Adviser on Commerce Abdul Razak Dawood, PM’s Special Assistant for Overseas Pakistanis Zulfiqar Bukhari and Foreign Secretary Tehmina Janjua.
