ISLAMABAD—A 30-member trade delegation from the country will attend Pakistan Malaysia Business and Investment Forum which would be held in Kuala Lumpur on Tuesday to promote trade and business between the two countries.
The delegation headed by Chairman Trade Development Authority of Pakistan (TDP) will also attend a meeting of the Joint Business Council (JBC) set up to facilitate business networking and joint ventures and implementation of a Free Trade Agreement (FTA) between Pakistan and Malaysia.
According to a statement issued by the Pakistan’s High Commission in Malaysia, more than 150 businessmen has reached Malaysian capital to attend the forum.
The Forum is being jointly hosted by the TDAP and the Malaysian Institute of Accountants (MIA) to identify key areas for economic cooperation and joint ventures, especially in textile & clothing, rice, fruits, vegetables, sea food, leather, leather products and electronics.
The Pakistani delegation has also been scheduled to hold a series of one-on-one meetings with key Malaysian government officials and ministers, it added.
Commenting upon the upcoming investment forum, High Commissioner of Pakistan in Malaysia, Masood Khalid said that around 150 businessmen and captains of industry from both sides had already confirmed their participation in the forum.
The High Commissioner hoped a successful organization of the Forum and the JBC meeting would help spur up an already burgeoning bilateral trade which crossed $2.5 billion mark last year, reflecting an upward trajectory in commercial cooperation following the operationalisation of FTA.
Pakistan’s exports to Malaysia have also risen considerably in recent months, registering an impressive 56.16 per cent increase, according to trade figures available as of November 2011.—Agencies