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Pakistan has vast investment potential: Malaysian Chamber

Dunya News

Malaysian Chamber of Commerce has stated that it sees vast investment opportunities in Pakistan.

Malay Chamber of Commerce Malaysia (DPMM) has urged Malaysian entrepreneurs and businessmen to explore what it sees as “vast investment opportunities” in the surgical instruments, textile and leather sectors in Pakistan.“The chamber foresees a huge investment potential in Pakistan for Malaysian entrepreneurs to be explored in some sectors such as textiles, surgical instruments and halal leather goods,” said DPMM Deputy President Datuk Mohamad Alayuddin Hasan in an interview with mass-circulated Malaysian newspaper Berita Harian after his return from Karachi where he attended the Expo Pakistan 2012 as part of a 57-member Malaysian delegation of businessmen and entrepreneurs.Datuk Mohamad Alayuddin said Pakistani textile products seemed like a very relevant item to be brought into the Malaysian market as they were of high quality and offered at a much lower price as compared to other textile-producing countries.“Its not just limited to one type of textile, but it also includes all other products including those for home use, hotel use and can also be bought in bulk, he said.He suggested that Malaysian entrepreneurs take this opportunity to become agents for the sale of surgical instruments manufactured in Pakistan. “The manufactured equipment are of first-class quality and are comparable to German products,” he said, adding Pakistani companies had also agreed to establish a consortium which would soon appoint representatives in Malaysia to supply surgical instruments manufactured in Pakistan to the rest of Southeast Asia.He said the Malay Chamber of Commerce Malaysia welcomed the selection of Malaysia as a hub for the surgical goods from Pakistan to be exported further eastward and the Chamber was looking forward to assisting and managing the related entrepreneurs in Malaysia.To a question, Datuk Mohamad Alayuddin said the Pakistani leather goods industry also had good prospects to be brought into Malaysia as it was a value-added product and in terms of price, it was very cheap and of high quality but attention should be paid to the final outcome of each product.He also added that Pakistan was also using the same approach as Malaysia that was investor-friendly and aggressive marketing in promoting its products to the international market.