‘Non-traditional items can boost, diversify Pak-Malaysia trade’ Malaysia-Pakistan Business Council

Founder Editor Tazeen Akhtar..

Kuala Lumpur ( PR )Malaysia-Pakistan Business Council (MPBC) Chairman Datuk Salim Fateh Din has called for a greater focus on non-traditional items for enhancing and diversifying bilateral trade between Pakistan and Malaysia.

“The trade balance is currently unfavourable to Pakistan and it is high time the Pakistani businessmen came up with innovative ideas and focused on non-traditional items to broaden the scope of trade between the two countries,” he said in his address to an appreciation-cum-commemoration ceremony held at the residence of Pakistan High Commissioner to Malaysia, Mr. Shahid M.G. Kiani to honour Datuk Salim Fateh Din following conferral upon him of Tamgha-e-Imtiaz (Medal of Excellence) by the President of Pakistan earlier this year. A large number of leading Malaysian businessmen, entrepreneurs and captains of various industries were also present.

Datuk Salim Fateh Din who is also the honourary investment counselor of the Government of Pakistan in Malaysia, said the Malaysia-Pakistan Business Council was aggressively exploring niche areas for joint investments and sectors such as education, power, energy, water, infrastructure, property development, telecommunication, retail and rail transportation were ideal for forging joint ventures. “Another huge potential area for joint investment is the global halal market which is worth half a trillion US dollars and offers massive opportunities for both Pakistan and Malaysia to leverage their resources optimally to tap into the market,” he said.

Datuk Salim believed more bilateral trade in the halal products could also help in enhancing and networking businessmen and entrepreneurs from both countries. “We would also set up a Malaysia-Pakistan Halal Corporation to promote and sell halal products all over the world,” he said.

Pakistan High Commissioner to Malaysia, Mr. Shahid M.G. Kiani hailed Datuk Salim Fateh Din’s services as the head of the Malaysia-Pakistan Business Council in boosting bilateral trade and strengthening business networking and match-making between potential investors and traders from both countries. He said the growing bilateral trade between Pakistan and Malaysia was also an indicator of “the strength of their political ties, economic and trade volume and the rapport between the leadership of the two countries”.

Mr. Shahid Kiani also lauded Datuk Salim Fateh Din for his “untiring efforts which led to the establishment of Pakistan-Malaysia Business Council in September 2011 to provide an ideal platform to introduce and market agri products from Pakistan into the Malaysian market. “The Award of Tamgha-e-Imtiaz, one of the top national civilian awards in Pakistan, should therefore not be a surprise to those who monitor Pakistan-Malaysia economic and trade relationships and the role of such an award in acknowledging and further spearheading efforts for the promotion of bilateral trade between the two countries,” he added.

11 June 2013