KUALA LUMPUR, Malaysia: More than 150 businessmen, including 120 from Malaysia, are set to attend the Pakistan-Malaysia Business & Investment Forum being held here on February 28 to explore the avenues for joint investment and business opportunities in Pakistan.
The daylong event being organised jointly by the High Commission for Pakistan in Malaysia and the Malaysian Institute of Accountants (MIA) is likely to serve as an ideal opportunity for businessmen from Pakistan and Malaysia to identify key areas of economic cooperation and forge joint ventures in major sectors, including textile & clothing, rice, fruits and vegetables, seafood, leather and leather products and electronics.
Malaysian Minister for International Trade & Industry (MITI) YB Dato’ Sri Mustapa Mohamed will attend and chair the inaugural session of the forum to be held at a local hotel while Dato’ Mohd Nasir Ahmad, president of MIA, Tariq Iqbal Puri, chairman of Trade Development Authority of Pakistan (TDAP), and Pakistan High Commissioner to Malaysia Masood Khalid will also speak on the occasion.
During the visit, the Pakistani delegation headed by the TDAP chairman is also scheduled to attend the joint meeting of the Malaysian and Pakistani chapters of the Pakistan Malaysia Business Council besides holding separate meetings with key government officials and ministers, including Minister for Agriculture and Agro-based Industry Malaysia Datuk Seri Noh Bin Omar, Minister for Plantation, Industries and Commodities Tan Sri Bernard Dompok, MITI Deputy Minister Dato’ Mukhriz Mahatir and various heads of government and business institutions and trade bodies.
Commenting upon the upcoming Pakistan-Malaysia Business & Investment Forum, Pakistan High Commissioner Masood Khalid said around 150 businessmen and captains of industry from both sides had confirmed their participation in the forum, including a 30-member business delegation from Pakistan.
The sectors represented in the forum include rice, seafood, leather and leather products, dairy and livestock, surgical and medical instruments, textiles & garments, fruits and vegetables, pharmaceuticals, gems and jewellery, sports goods, housing & construction, education and Halal food.
He hoped the forum would help spur up the already burgeoning bilateral trade which crossed $2.5 billion mark last year, reflecting an upward trajectory in commercial cooperation following the signing and implementation of the Free Trade Agreement between the two countries in 2008.
Pakistan’s exports to Malaysia rose considerably in recent months, registering an impressive 56.16 per cent increase, according to the latest trade figures available as of November 2011.