Malaysia eager to boost trade ties with Pakistan

Envoy proposes more cooperation between SME sectors

KARACHI:

Being a trading nation, Malaysia is interested in further enhancing trade ties with Pakistan which will help the economies of both countries to grow and progress said Malaysian High Commission’s Charge d’Affaires Deddy Faisal Ahmad Salleh.

During his visit to the Islamabad Chamber of Commerce and Industry (ICCI) on Thursday, Salleh added that both countries had excellent potential for trade in multiple commodities.

“We intend to further expand industrial training in Pakistan, including technical and vocational education training along with research and development, commercialisation and innovation to benefit Pakistan’s economy,” he said.

He underlined that Malaysia was offering good incentives to its small and medium enterprises (SMEs) and close cooperation between the small businesses of the two countries would help in promoting bilateral trade.

He highlighted that Malaysia was keen to import security guards from Pakistan for which documentary work was in process.

He underlined that many Pakistani products were reaching the Malaysian market through third countries at a higher cost and stressed for promoting direct trade between the two nations.

Pak-Malaysia Business Council President Datuk Nazir emphasised upon the development of strong business linkages between the private sectors of both countries to take business and investment relations to the next level.

Speaking on the occasion, ICCI President Muhammad Shakeel Munir said that Pakistan preferred to promote trade with Malaysia as it provided easy access to bigger ASEAN market.