Islamabad (TDI): Malaysian Minister for Investment, Trade and Industry (MITI) Datuk Seri Utama Tengku Zafrul Bin Tengku Abdul Aziz has reassured his country’s commitment to ease procedures for Pakistani businesses.
This commitment from the Malaysian side was expressed in his meeting with the Federal Minister for Commerce Jam Kamal Khan, a press release stated on Thursday.
The Pakistani side called for facilitation in the accreditation process for Pakistani meat and gelatin exporting companies, emphasizing that cooperation in this sector could greatly enhance trade flows.
The Malaysian side acknowledged the difficulties faced by Pakistan businessmen in procedural processes of JAKIM for exporting meat to Malaysia and committed to ease these procedures for Pakistani businesses.
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On this occasion, the Minister for Commerce highlighted the longstanding friendship between the two nations.
Jam emphasized that there is huge potential to grow bilateral trade between the two sides.
The Minister urged for enhanced business engagements to transform this potential into reality. Moreover, Jam Kamal Khan stressed that there is a potential for growth in almost all the sectors of Pakistan.
He mentioned that Pakistan is exporting high quality rice and mangoes all over the world.
He apprised the visiting Minister that recently Government of Pakistan had removed Minimum Export Price (MEP) for rice which will allow Pakistani exporters to negotiate competitive prices.
He encouraged that Malaysia may engage more with Pakistan for importing rice. A significant focus of the dialogue was on the potential for exporting halal meat from Pakistan to Malaysia.
The Minister reiterated Pakistan’s commitment to maintaining high halal standards, which are essential for expanding access to the Malaysian market.
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In closing, the Minister reaffirmed Pakistan’s commitment to creating a conducive environment for foreign investment, expressing optimism for the future of bilateral relations between Pakistan and Malaysia.
This meeting marks a significant step towards fostering deeper economic cooperation and exploring new business opportunities that benefit both nations.
Moreover, Malaysian Minister for Trade invited Pakistan for participation in the activities of the ASEAN as Malaysia is taking the chair of ASEAN.
