Malaysia turns to Pakistan for halal ventures

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islamabad-containerA 30-company delegation from Malaysia has confirmed attendance for a trip to Pakistan, a statement from the Malaysia External Trade Development Corporation said on June 17, where identifying joint venture opportunities in halal food and refineries will be high atop the agenda.

“Pakistan is strong in agriculture, such as Basmati rice, mango and seafood and offers more potential in expanding seafood exports,” Malaysian trade official Noraslan Hadi Abdul Kadir recently told state media.

Cooperation in refineries will be of particular focus as both nations plan to capitalise on their bilateral relations in the palm oil trade.

“They [Pakistan] import a lot of palm oil and there is a huge demand for refinery business and Pakistan wants to tap Malaysia’s expertise,” Kadir said.

The pharmaceutical, medical tourism and Islamic banking industries were also listed as key opportunities for joint venture investment.

The 30-company delegation will be participating in the Expo Pakistan 2013 during their visit, to be held later in 2013.

Pakistan will be looking to correct the trade imbalance accumulated between the two countries during the meetings. In 2012, bilateral trade measured $1.83 billion

Malaysia exported $1.83 billion worth of goods, namely palm oil, chemical and chemical products, electrical and electronic products, machinery, appliances and parts, as well as, textiles and clothing.

Imports from Pakistan to Malaysia only stood at $250 million, accounting for goods such as cereal, textiles and seafood.

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Reading Time: 1 minute

A 30-company delegation from Malaysia has confirmed attendance for a trip to Pakistan, a statement from the Malaysia External Trade Development Corporation said on June 17, where identifying joint venture opportunities in halal food and refineries will be high atop the agenda.

Reading Time: 1 minute

islamabad-containerA 30-company delegation from Malaysia has confirmed attendance for a trip to Pakistan, a statement from the Malaysia External Trade Development Corporation said on June 17, where identifying joint venture opportunities in halal food and refineries will be high atop the agenda.

“Pakistan is strong in agriculture, such as Basmati rice, mango and seafood and offers more potential in expanding seafood exports,” Malaysian trade official Noraslan Hadi Abdul Kadir recently told state media.

Cooperation in refineries will be of particular focus as both nations plan to capitalise on their bilateral relations in the palm oil trade.

“They [Pakistan] import a lot of palm oil and there is a huge demand for refinery business and Pakistan wants to tap Malaysia’s expertise,” Kadir said.

The pharmaceutical, medical tourism and Islamic banking industries were also listed as key opportunities for joint venture investment.

The 30-company delegation will be participating in the Expo Pakistan 2013 during their visit, to be held later in 2013.

Pakistan will be looking to correct the trade imbalance accumulated between the two countries during the meetings. In 2012, bilateral trade measured $1.83 billion

Malaysia exported $1.83 billion worth of goods, namely palm oil, chemical and chemical products, electrical and electronic products, machinery, appliances and parts, as well as, textiles and clothing.

Imports from Pakistan to Malaysia only stood at $250 million, accounting for goods such as cereal, textiles and seafood.

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