Pakistan, Malaysia vow to deepen trade, investment ties

Federal Minister for Board of Investment Qaiser Ahmed Sheikh was the guest of honour at a Malaysia-Pakistan business engagement held on Friday at the Malaysian High Commission, according to Business Recorder. The event brought together public and private sector representatives, business leaders and investors to look for new avenues of trade, investment and joint business activity. Malaysia's High Commissioner, Dato' Mohammad Azhar Mazlan, said bilateral trade could expand considerably, with an ambition of reaching between USD 1.5 billion and USD 5 billion in value.

The envoy pointed to artificial intelligence, education, manufacturing and trade in goods and services as fields with promise, alongside edible oil and Halal products. Stressing Pakistan's location as a gateway to Central Asia and its young population, he cited a Pakistani-backed Halal gelatin project in Malaysia as an example of successful ventures across borders. He also urged a win-win approach to economic engagement.

Qaiser Ahmed Sheikh named information technology, advanced technology, mining and minerals, agriculture and food processing as further sectors for joint ventures. He also said the Board of Investment would help Malaysian investors with their business plans and coordinate with government departments.