CPEC

Prospects Of Pak, Malaysia Joint Ventures Discussed

KARACHI, (APP): High Commissioner of -designate to Muhammad Nafees Zakaria visited FPCCI and discussed with leading businessmen the potential opportunities for joint ventures between Malaysian and in various sectors. He attended a meeting of Pak-Malaysia Business Council at FPCCI chaired by Zubair F.Tufail , President, Federation of Pakistan Chambers of Commerce and Industry, which was also attended by former president FPCCI, S.M. Muneer , FPCCI Vice Presidents Mirza Ishtiaq Baig, Saqib Fayyaz Magoon and Dhani Bakhsh Memon, .

Chairman, Pak-Malaysia Business Council Bashir Jan Muhammad, Pakistan Commercial Counselor in Malaysia, Riaz Sheikh, said FPCCI statement here on Monday. FPCCI President, Zubair F. Tufail urged the designate-Pakistani envoy to Malaysia to invite Malaysian investors to establish industrial units at being established under China-Pakistan Economic Corridor ( CPEC) allowing 10-years exemption from income tax to the industries there. He also called upon the government to provide a level playing field to Pakistani entrepreneurs as well by allowing duty free import of raw materials.

Chairman, FPCCI’s Pak-Malaysia Business Council, Bashir Jan Muhammad informed that he had been pursuing the concerned authorities to establish an Export Display Center at Pakistan’s embassy in Malaysia to create awareness about Pakistan’s trade potential among the Malaysian counterparts. S.M. Muneer proposed that Commercial Counselors in all the Pakistan’s embassies throughout the world be appointed from the business community for the better performance of these very important offices. The High Commissioner-designate said that Malaysia was a very big market for Pakistani salt.

However, Pakistani salt being exported to Malaysia was not branded as “Made in Pakistan”. Pakistan possessed second largest salt mines after Canada. He also agreed to explore the potential of joint ventures especially in hotel industries and real estate in Pakistan.

APP

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