New deals to be signed with Malaysia

Malaysia’s PM Anwar Ibrahim’s visit to Pakistan boosts potential for new trade agreements and enhanced cooperation.

LAHORE:

SAARC Chamber of Commerce and Industry's former president Iftikhar Ali Malik has said that Malaysian Prime Minister Anwar Ibrahim's three-day visit to Pakistan marks a significant step in efforts targeted at strengthening the existing trade relations.

In a statement issued on Wednesday, the trade leader said the current visit had substantial potential for enhancing economic cooperation, particularly in the key sectors of trade, investment, energy, agriculture and technology.

He emphasised that bilateral engagements at the top level would lead to the signing of new agreements and memoranda of understanding (MoUs) aimed at diversifying trade portfolios and increasing market access.

Malik remarked that enhanced cooperation between Malaysia and Pakistan would not only strengthen bilateral trade but also contribute to broader regional economic stability and growth.