Pak Businessman Advised To Focus On Diverse Export Products

Consul General of Malaysia to Karachi, Khairul Nazran ABD Rahman advised Pakistani business community to diversify their chain of export products, instead of being confined to traditional trade items like textile

KARACHI, (UrduPoint / Pakistan Point News - 7th May, 2019 ) :Consul General of Malaysia to Karachi, Khairul Nazran ABD Rahman advised Pakistani business community to diversify their chain of export products, instead of being confined to traditional trade items like textile.

The new list of exportable products should also include mango, vegetables and fruit, he said while speaking at the Appreciation Awards-2019 ceremony organized by Pakistan- Malaysia Friendship Association, said a press release on Tuesday.

Malaysian Consul General said Malaysia will continue to cooperate with Pakistan on matters of mutual interest for the benefit of the two countries and the region.

Malaysia and Pakistan were good friend and partners. They had been collaborating in the various sectors to increase the bilateral trade.

Khairul Nazran ABD Rahman appreciated important role of PMFA and said the major cornerstone of relations in Malaysia and Pakistan was trade and investment. In 2018, Malaysia's total trade with Pakistan increased by 2.5% to Dollars 1.47 billion from dollars 1.34 billion in 2017.

Palm oil remained as Malaysia's important export item to Pakistan.

But, more efforts were need to harvest the real potential of trade and investment on both the sides, he said.

Advisor to Chief Minister Sindh, Pir Noorullah Sahib Said that there was a long history of cooperation between the two countries and great potential for increasing bilateral trade. Pakistani businessman should explore Malaysia's growing Halal products market and invest in meat and poultry products.

President PMFA, Shahid Jawed Qureshi announced that, this Awards ceremony will be a regular feature and the next one will be organized in the year 2020 in which more sectors for awards will be added.

PMFA intended to organize a seminar after EID on 'Pakistan Malaysia Free Trade Agreement as there was a lack of awareness about FTA in Pakistani businessmen.

Malaysian Consul General presented the awards for best trade withMalaysia to EDOTCO Pakistan, Sunlight Wood Products, Mapak Edible Oils, Progressive Traders , Pacific Commodities, Paspida, Oasis Travel, Greenland travel and Tours.