Pakistan, Malaysia set up ministerial level committee for enhancing trade


ISLAMABAD: Prime Minister Imran Khan has said Pakistan and Malaysia have 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 autarky and prosperity which is a role model for many Islamic countries.
Imran Khan 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.
Earlier, 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.
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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