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News & Events

[ 13-06-2013 ]
Call for stronger Pakistan-Malaysia trade

KUALA LUMPUR: Pakistan’s businessmen have been urged to focus on non-traditional items to enhance and diversify bilateral trade between Malaysia and Pakistan.

Malaysia-Pakistan Business Council chairman Datuk Mohamad Salim Fateh Din, who made this call, said as the trade balance was currently not in favour of Pakistan, it was high time Pakistani businessmen came up with innovative ideas and focused on non-traditional items to broaden the scope of trade between the two countries.

Currently, bilateral trade stood at US$2bil (RM6.26bil) in favour of Malaysia, he said at a reception to honour his being conferred the “Tamgha-e-Imtiaz” (Medal of Excellence) by Pakistani President Asif Ali Zardari on March 23 in Islamabad, in conjunction with Pakistan Day celebrations.

Salim, who is also the managing director of Gapurna Sdn Bhd, noted that the global halal market, worth US$500bil, offered huge potential for joint investment by Malaysia and Pakistan.

“We will set up a Malaysia-Pakistan Halal Corporation to promote and sell halal products all over the world,” he said, adding that more bilateral trade in halal products could help in networking and enhancing the council’s presence in both countries.

Pakistan High Commissioner to Malaysia Shahid M.G. Kiani, who hosted the event on Tuesday, said that although bilateral trade was robust, rectifying the trade imbalance was a challenge.

However, Pakistan was confident that by promoting its non-traditional products such as light engineering goods, hospital and surgical equipment, pharmaceutical and construction as well as traditional agricultural products, the trade imbalance could be improved, he said.

“Pakistan also looks forward to Malaysia’s investment in power and energy, infrastructure, telecommunications, railways and assisting Pakistan in receiving the halal certification for its meat products,” he added.

The High Commissioner also said that Malaysia was a model for other developing countries to emulate, describing Datuk Seri Najib Tun Razakas a visionary prime minister for his continuous support for Pakistan and its leaders. — Bernama