Pakistan-Malaysia Joint Business Council launched

ISLAMABAD: Pakistan and Malaysia Wednesday launched Pakistan-Malaysia Joint Business Council (JBC) in Kuala Lumpur. Datuk Mukhriz Bin Tun Mahathir, the Malaysian Deputy Minister of Ministry of International Trade and Investment and Saleem H Mandviwalla, Chairman Board of Investment of Pakistan launched the Council. The Deputy Minister MITI said although the bilateral trade between Pakistan and Malaysian in on an upward trajectory and has increased to $2.5 billion in 2010 from a modest figure of $449.4 million in year 2000, but there is an enormous scope for the bilateral trade to register multifold increase given we fully exploit the enormous opportunities that exit between the two countries in many sectors including the agriculture, manufacturing, infrastructure development and veterinary, fruit and vegetables. The Chairman BOI said launching of JBC would provide the private sectors of both the countries a formal platform to interact with each other for business networking and match making which in turn would help in promoting trade and investment between the two countries. Pakistan High Commissioner Masood Khalid and the Honorary Investment Councilor for Pakistan in Malaysia, Dato Salim bin Fateh Din termed the launching of JBC a step in the right direction, which would promote bilateral trade and investment relations between the two countries