Pakistan, Malaysia agree to further increase bilateral trade volume

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ISLAMABAD: Adviser to Prime Minister on Commerce Abdul Razak Dawood says Pakistan and Malaysia have expressed their readiness to collaborate with each other in exploring Halal food industry, which has a potential of one trillion dollar throughout the world.
Addressing Pak-Malaysia Business Forum in Islamabad on Friday, he said there are 1.3 billion Muslims in the world and Halal food industry can capture a big business while catering to their dietary needs.
He said Pakistani food industry can learn a lot from Malaysian experience in Halal food industry.
The Adviser 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.
In his address, Chairman Board of Investment Haroon Sharif said Pakistan and Malaysia are committed to transforming their bilateral relations into business transaction.
He said that during the visit of Prime Minister Imran Khan to Kuala Lumpur, ten Malaysian investors had agreed to invest in Pakistan, four of whom have come to Pakistan with Prime Minister Mahathir Mohammad while the remaining have already worked out business transactions in Pakistan.

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