AIRLINK 173.15 Increased By ▲ 15.74 (10%)
BOP 10.65 Increased By ▲ 0.28 (2.7%)
CNERGY 8.52 Increased By ▲ 0.20 (2.4%)
CPHL 97.46 Increased By ▲ 4.57 (4.92%)
FCCL 47.25 Increased By ▲ 0.52 (1.11%)
FFL 15.42 Increased By ▲ 0.54 (3.63%)
FLYNG 28.13 Increased By ▲ 1.15 (4.26%)
HUBC 138.91 Increased By ▲ 4.90 (3.66%)
HUMNL 12.81 Increased By ▲ 0.29 (2.32%)
KEL 4.54 Increased By ▲ 0.33 (7.84%)
KOSM 5.55 Increased By ▲ 0.16 (2.97%)
MLCF 62.26 Increased By ▲ 1.38 (2.27%)
OGDC 214.75 Increased By ▲ 6.23 (2.99%)
PACE 5.55 Increased By ▲ 0.15 (2.78%)
PAEL 44.86 Increased By ▲ 4.08 (10%)
PIAHCLA 18.70 Decreased By ▼ -0.10 (-0.53%)
PIBTL 10.74 Increased By ▲ 0.76 (7.62%)
POWER 12.26 Increased By ▲ 0.30 (2.51%)
PPL 173.87 Increased By ▲ 5.10 (3.02%)
PRL 36.22 Increased By ▲ 1.19 (3.4%)
PTC 23.56 Increased By ▲ 0.57 (2.48%)
SEARL 95.31 Increased By ▲ 2.21 (2.37%)
SSGC 39.13 Increased By ▲ 3.56 (10.01%)
SYM 14.02 Increased By ▲ 0.36 (2.64%)
TELE 7.23 Increased By ▲ 0.28 (4.03%)
TPLP 10.29 Increased By ▲ 0.29 (2.9%)
TRG 64.68 Increased By ▲ 4.01 (6.61%)
WAVESAPP 10.04 Increased By ▲ 0.34 (3.51%)
WTL 1.33 Increased By ▲ 0.03 (2.31%)
YOUW 3.70 Increased By ▲ 0.05 (1.37%)
BR100 12,492 Increased By 252.4 (2.06%)
BR30 37,694 Increased By 1300.9 (3.57%)
KSE100 116,189 Increased By 2036.1 (1.78%)
KSE30 35,750 Increased By 549.8 (1.56%)

KARACHI: United Business Group (UBG) President Zubair Tufail, other members including Khalid Tawab, Hanif Gohar, Syed Mazhar Ali Nasir, Malik Khuda Bakhsh, Momin Ali Malik and Eng Daroo Khan Achakzai have welcomed the signing of two agreements between Pakistan and Malaysia, paving the way for enhanced economic cooperation.

The agreements include a Memorandum of Understanding (MoU) between the Trade Development Authority of Pakistan and Malaysia’s External Trade Development Corporation, as well as a cooperation pact in Halal trade between the two countries’ business councils.

These developments have bolstered confidence among business communities of both the countries, setting the stage for expanded bilateral trade and economic relations.

The leaders also applauded the Malaysian announcement to establish a trade office in Karachi next month, which will foster tourism, agriculture, education, and technology exchange. Malaysia’s decision to increase meat and Basmati rice imports from Pakistan by 100,000 tons is a significant breakthrough.

Furthermore, Malaysia’s interest in enhancing flight connectivity with Pakistan and Pakistan’s potential to meet Malaysia’s demand for artificial intelligence professionals are promising developments. As Malaysia is a semiconductor industry hub, exploring collaborative opportunities in this sector is essential.

The UBG leaders emphasized that the successful implementation of the Pakistan Malaysia Preferential Trade Agreement (PTA) is crucial for fully realizing the potential of these agreements.

They urged trade bodies across Pakistan to capitalize these incentives, announced during the Malaysian Prime Minister’s recent visit, and to work together to remove any barriers to trade, ensuring the PTA’s provisions are utilized in letter and spirit.

Copyright Business Recorder, 2024

Comments

Comments are closed.