Datuk Shahlan Ismail, Director of Strategic Planning to Prime Minister of Malaysia has underscored the need to strengthen people-to-people and business communities’ linkages between Pakistan and Malaysia as huge potential of enhancing trade exists between the two countries.

Ismail, who led a trade & investment delegation from Malaysia during its visit to Karachi Chamber of Commerce and Industry Wednesday, added that the business communities of Pakistan and Malaysia can look for business opportunities in various sectors and explore possibilities of undertaking joint ventures in the agriculture sector, food security, water management and effluent water treatment etc. He pointed out that water is going to become as very significant issue in the years ahead.

 so they must collaborate with each other for effective water management and treatment.

He further informed that Malaysian economy has witnessed strong growth of 5.6 percent against the expectation of 4.8 percent. “We want to make sure Malaysia continues to achieve strong growth rate of at least 5 percent every year so that it becomes a developed country by 2020”, he added.

Earlier, President KCCI Iftikhar Vohra, pointed out that in 2013-14, goods exported by Pakistan to Malaysia were merely $200.45 million while imports from Malaysia were recorded at $1,277.61 million, making trade balance favorable for Malaysia by $ 1,077.17 million.

He hoped that suggestions emerging out of meeting with trade and investment delegation would pave way for greater cooperation and contribute in bringing the business communities of the two countries closer than before.