Malaysia looks for increase in rice imports

Malaysian Consul General in Karachi Herman Hardynata bin Ahmad has said that around 10,000 Pakistani products have been included in a free trade agreement whereas Malaysia has 6,000 products.

Speaking at a meeting with members of the Hyderabad Chamber of Commerce and Industry (HCCI) on Saturday, the consul general announced that a delegation of Malaysian traders and businessmen would visit Hyderabad soon. He said although 45 MoUs had been signed between Pakistan and Malaysia, in the absence of government-level agreements Pakistani students had limited academic opportunities in the Far East nation.

Read Rice exports surge by 95.26%

He was of the view that various areas of Pakistan had immense tourism potential and ideal opportunities. He was surprised to note that despite having a rich coastline in Karachi, required attention was not given to it for tourism purposes.

He said he would talk to the Malaysian government to increase the import of Pakistani rice, adding that Pakistani exporters could use Malaysian ports for trade with other countries as a transit facility.

HCCI President Adeel Siddiqui said the Pakistani government was offering all sorts of guarantees but there was a big gap between the countries’ trade balance.

Published in The Express Tribune, March 3^rd, 2024.

Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.