Our Staff Reporter KARACHI - Malaysia would invest in Pakistan to the tune of $1.5 billion by next year; this was stated by the Consul General of Malaysia, Khalid Abdur Razzaq on Tuesday. Addressing a luncheon meeting at Korangi Association of Trade and Industry (KATI), the Malaysian diplomat said that the trade between the two brotherly countries is not at all satisfactory and even Malaysian exports for $1.8 billion to Pakistan were only due to palm oil as Pakistan is the second largest importer of Malaysian palm oil. He said that Pakistans exports to Malaysia reached to $125 million from $100 million three year ago but this increase is meagre and needs a quantum jump. He said that he tried his best to explore Malaysian market for Pakistans products especially in textiles, rice, frozen seafood, etc. and now it was up to Pakistans exporters to fully exploit the opportunities. He said that Malaysia is a potential market for Pakistans basmati and IRRI rice. He said that visit of KATIs trade delegation to Malaysia is a good effort but its not enough and there should be exchange of one trade delegation every month. The bilateral trade between the two nations should be at least $5 billion, Khalid said. The Patron-in-Chief, KATI, S M Muneer expressed his profound gratitude to the services of outgoing Consul General of Malaysia and said that Khalid was not only served for his nation but for Pakistan as well during his three years and three months tenure in Karachi. He said that Khalid tried to portray soft image of Pakistan especially Karachi abroad and due to his efforts the share of Pakistans trade to Malaysia rose to over $215 million from $100 million. The Chairman, KATI, Syed Johar Ali Qandhari in his welcome address paid glowing tributes to the outgoing diplomat for his services for boosting the two way trade. KATIs Chairman Standing Committee on Diplomatic Affairs, Masood Naqi while paying tributes to Khalid said that he bridged the gap between entrepreneurs of the two countries.