ISLAMABAD – Prime Minister Imran Khan has said Pakistan and Malaysia haveset up a permanent ministerial level committee that will meet regularly tokeep enhancing trade between the two countries.
Addressing Round Table meeting of the CEOs of Industries in Islamabad onFriday, he said under the vision and leadership of Dr. Mahathir MohamadMalaysia achieved autarky and prosperity which is a role model for manyIslamic countries.
Imran Khan said the visit will help us learning from Malaysian model,increasing bilateral trade, and enhancing cooperation between the twocountries.
The Prime Minister said Dr. Mahathir Mohamad commands so much respect inPakistan and it is a great honor for us that he is attending the PakistanDay ceremony.
In his address, Malaysian Prime Minister Mahathir Mohammad said the meetinghas provided an opportunity to the Pakistani and Malysian businessmen andinvestors to understand each other and promote their business.
Dr. Mahathir Mohammad presented a history of Malaysia’s march from povertyat its independence to its present ndustrial development. He said Maysiamade its industrial development possible only by promoting foreigninvestment and imparting knowledge and know-how to its people.
The Malaysian Prime Minister said his country can buy from Pakistan andalso export its products to the country.
He said his country plans to set up a Proton car manufacturing unit inPakistan, which will start production in Jue next year. He also presented agift of Proton car to Prime Minister Imran Khan on this occasion.
He said Malaysia is a trading nation and it does not have enmity with anyother country, except Israel as it has usurped the land of Palestinians andexpelled them from their country.
On this occasion, Pakistani and Malaysian firms signed six Memorandums ofUnderstanding for joint venture in IT, Telecommunication and carmanufacturing.
It was announced that two other MoUs will soon be signed between investorsof the two countries in and Halal food production.
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Earlier, Adviser to Prime Minister on Commerce Abdul Razak Dawood saysPakistan and Malaysia have expressed their readiness to collaborate witheach other in exploring Halal food industry, which has a potential of onetrillion dollar throughout the world.
He said there are 1.3 billion Muslims in the world and Halal food industrycan capture a big business while catering to their dietary needs.
He said Pakistani food industry can learn a lot from Malaysian experiencein Halal food industry.
The Adviser said the two sides have, in their talks, agreed to furtherincrease their bilateral trade volume for the mutual benefit of the twocountries.
He said presently the Malaysian exports to Pakistan are about one billiondollars while Pakistani exports to Malaysia are one hundred and thirtymillion dollars.
Abdul Razak Dawood said both sides are committed to developing theirexisting relations and economic cooperation to the mutual advantage of thetwo countries.
In his address, Chairman Board of Investment Haroon Sharif said Pakistanand Malaysia are committed to transforming their bilateral relations intobusiness 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 havecome to Pakistan with Prime Minister Mahathir Mohammad while the remaininghave already worked out business transactions in Pakistan.
