Lahore, February 08, 2018 (PPI-OT): The delegation of the Lahore Chamber of Commerce and Industry Thursday visited industrial areas in Kuala Lumpur and had B-2-B meeting with Malaysian industrialists besides visiting large-scale manufacturing units including Auto parts, Rubber, oil palm processing and manufacturing, light manufacturing, pharmaceuticals, medical technology, electronics, tin mining and smelting, logging, and timber processing.
Objective of this visit was to set guidelines for knowledge and experience sharing that would be equal beneficial for the private sectors of the two countries. The LCCI President Malik Tahir Javaid was leading the delegation consisting Shahid Nazir, Awais Saeed Piracha, Muhammad Wasim, Haseeb Khawar, Shabbir Bhatti, Malik Muhammad Islam, Muhammad Farooq, Mian Faisal Majeed and Muhammad Arshad Bhatti. Malaysian top businessmen and government officials were also present on the occasion who gave a detailed briefing to the LCCI delegation about industrial strength and economic reforms of the Malaysian government.
The LCCI President Malik Tahir Javaid said that both countries have a lot to share and learn to and from each other therefore private sectors of the two countries should establish more close contacts and ensure exchange of delegation on reciprocal basis. He said that economic diversification and modernization is impressive. Malaysian government deserves appreciation for playing an active role in industrialization and economic development.
While talking about the potential, the LCCI President said that Pakistan is abundant with those resources that are available to just a few countries. He said that Pakistan strategic location is ideal and attractive for the entire world while China-Pakistan Economic Corridor (CPEC) has added to its importance.
He said that textile, food processing, pharmaceutical, auto parts, surgical instruments, sports goods, construction and fertilizer are some of the most important industries of Pakistan while it exports finest quality garments, bed linen, cotton cloth, yarn, rice, leather goods, sporting goods, chemicals, surgical instruments, carpets and rugs. He said that agriculture sector of Pakistani produces best quality agri products and also has over 63.89 million labour force. He urged the Malaysian investors to come forward and avail huge potential of Pakistan through joint ventures in various economic fields.
Malik Tahir Javaid said that that United States, China, United Kingdom, Afghanistan and Germany are major trade partners of Pakistan. He said that Pakistan is looking to broaden its exports base and wants to add Malaysia in its most important trade partners. He said that Pakistan gives highest value to its trade and economic relations with Malaysia and always welcome Malaysian investment. The LCCI President lauded the efforts of Pakistani Embassy in Malaysia and Malaysian Embassy in Pakistan for cementing relations between the two countries.
For more information, contact:
Information Department
Lahore Chamber of Commerce and Industry (LCCI)
11-Shahrah-e-Aiwan-e-Tijarat,
Lahore -54000, Pakistan
Tel: +92-42-111-222-499
Fax: +92-42-36368854
Website: www.lcci.org.pk
PPI News Agency