Malaysia and Pakistan on March 23 signed memorandums of understanding (MOU) on five cooperation projects aimed to strengthen trade cooperation between the two countries.
Prime Minister Tun Dr Mahathir Mohamad walks with Pakistan President Dr Arif Alivi (L) during a courtesy call at the President’s House on March 23, 2019. (Photo: Bernama)
New Delhi (VNA) – Malaysia and Pakistan on March23 signed memorandums of understanding (MOU) on five cooperation projects aimedto strengthen trade cooperation between the two countries.
The deals cover the fields of automaking, telecommunication,meat, banking and defence, according to Pakistani Minister of Asad Umar.
The Pakistani government has adjusted its policies toattract more foreign investment and strengthen trade, especially with neighbouringcountries, Pakistani Prime Minister Imran Khan said. On the occasion, Malaysia andPakistan decided to establish a ministry-level committee which will regularlymeet to seek ways to boost bilateral trade.
Khan described the decision as a golden chance for the twocountries to strengthen economic cooperation. Meanwhile, his Malaysian counterpartMahathir Mohamad said his country attaches importance to trade with Pakistanand asked the latter to improve the business environment to attract moreforeign investment, hoping to intensify the bilateral trade as it is beneficialto both countries.
The Malaysian leader is currently making a three-day visitto Islamabad, starting on March 21.-VNA
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Prime Minister Tun Dr Mahathir Mohamad walks with Pakistan President Dr Arif Alivi (L) during a courtesy call at the President’s House on March 23, 2019.
