Home business Pakistan, Malaysia to work together towards bridging trade deficit

Pakistan, Malaysia to work together towards bridging trade deficit

Staff Reporter
Islamabad

Deputy CEO Malaysia External Trade Development Corporation, Mohamad Mustafa Abdul Aziz, along with his delegation called on MOS/Chairman Board of Investment, Haroon Sharif, at BOI Islamabad on Wednesday. Secretary BOI and other team members were also present during the meeting.
The purpose of the meeting was to discuss the upcoming visit of Prime Minister of Malaysia, TunDr. Mahathir bin Mohamad, along with a delegation comprising representatives from public and private sector of Malaysia. Board of Investment is organizing a Pak-Malaysia Business Leaders Round Table Meeting on March 22, 2019, which will be co-chaired by both Prime Ministers of Pakistan and Malaysia. Both leaders will also oversee the signing of Memoranda of Understanding in telecommunications, automobile and other sectors. During the meeting, Chairman BOI said that the partnership with Malaysia is of strategic nature, in which more value is placed on the transfer of knowledge and technology by the Malaysia as well as networking with other countries in the region. He added that the sentiments of brotherhood and friendliness exist in the people of both nations, which should be translated into a long-term partnership between the two countries.
The Deputy CEO MATRADE, while discussing the importance of the upcoming event, urged to have fruitful sessions by bringing right business people from both sides on the round table. He also talked briefly about the trade and business relationships between the two countries and reiterated that the opportunity exists as Malaysia opens up with ASEAN market for Pakistan. He said that both countries will work together towards bridging the trade deficit between them.
Both leaders agreed to work towards mutual objectives and for creating a framework for institutionalized partnership between Board of Investment Pakistan and their Malaysian counterpart MIDA, Malaysian Investment Development Authority.