Malaysian PM's Visit To Strengthen Trade: Says Mian Kashif

Pakistan Furniture Council (PFC) Chief Executive Mian Kashif Ashfaq Thursday hailing Malaysian Prime Minister Mahathir Bin Mohammad first 3-day official visit to Pakistan said this significant visit will also open new corridors of economic development besides further boosting trade volume between the two Islamic states

LAHORE (UrduPoint / Pakistan Point News / NNI - 21st March, 2019) Pakistan Furniture Council (PFC) Chief Executive Mian Kashif Ashfaq Thursday hailing Malaysian Prime Minister Mahathir Bin Mohammad first 3-day official visit to Pakistan said this significant visit will also open new corridors of economic development besides further boosting trade volume between the two Islamic states.Presiding over a board of director meeting on Thursday, he said the upcoming visit of Malaysian Prime Minister would be a another epoch making event in numerous achievements of Pakistan Tehrik-i- Insaf (PTI) led government at the foreign policy front during the past seven months after two high profile separate officials visits of Crown Princes of Saudi Arabia and Abu Dubai respectively.This tour would express Malaysian investors confidence in Pakistan's market potential noting that the investment policy of the country is one of the most liberal in the region.

He further said this tour would help forge unity among Muslim Ummah, which is an urgent need of the hour for boosting mutual trade among Muslim states to cope with global economic challenges effectively.He appreciated Prime Minister Imran Khan for deciding to play active role for revival of the economy and started inviting foreign investors and buyers and to boost the volume of the exports.Mian Kashif said that a number of investors and businessmen will also be part of Malaysian Prime Minister's entourage and Pakistan Furniture Council (PFC) will hold one to one meeting with them to chalk out plans of mutual interest sectors.

He said Pakistan's Balance of Trade with Malaysia historically is in favour of Malaysia. In order to overcome the trading imbalance, there is need for diversifying trading products, besides Palm Oil.

One way of doing this would be to increase the volume of exports of furniture, food products and garments.He said PFC would play its role for boosting local furniture sector and in this regard, it would dispatch delegations to Malaysia, Indonesia, Philippines and Vietnam to explore new vistas of trade in furniture industry and invite furniture makers and investors to visit Pakistan and invest in Pakistani furniture sector to earn billions of rupees as there is huge scope and ample opportunities in this sector for investment.He said Malaysia would provide opportunities to Pakistani furniture producers as there was great potential of expanding furniture trade as Pakistani handmade traditional furniture is at higher demands in international markets.PFC chief underscored that there should be regular exchange of meetings between the investors and businessmen of the both countries.

He further said the country is now looking into the ease and cost of doing business in the country. As for the situation on the foreign investment front, the Malaysian Prime Minister visit would be quite success for the incumbent government both in local and international fronts. NNI