This was stated in an updated implementation status report on the decisions taken during the send session of Pak-Malaysia Joint Commission held in October 2000.
This report will be taken up at the third session of Pak-Malaysia Joint Session scheduled to be held at Kuala Lumpur on Oct. 1-2.
The Pakistan side had informed the Malaysian side that the corporations had the capacity to supply on competitive terms and conditions their products such as steel storage tanks, steam boilers, tractors, automotive components, cement plants, sugar mills, railway equipment, pumps, road construction machinery and electricity transmission and distribution towers/structures.
The Malaysian side had agreed to disseminate the information to the Malaysian investors.
As a follow up action, the SEC had directed its companies to initiate necessary action to explore the possibilities of export of engineering goods to Malaysia in line with the areas identified during the Joint Commission (JC) meeting.
The SEC companies - Heavy Mechanical Complex (HMC), Pakistan Engineering Company (Peco) - made efforts to seek business in Malaysia, but there has been no progress so far as none of the Malaysian importers/clients have initiated contacts with the HMC Peco.
The Pakistan High Commission in Malaysia was requested to disseminate information on the capabilities of SEC companies amongst various Malaysian Chambers of Commerce and Industry and trading houses regarding exploring business opportunities for its companies, but there has been no response from any Malaysian party.
The SEC is maintaining contacts with the Pakistan High Commission.
Besides relocating Malaysian labour intensive industries to Pakistan where abundant manpower, technical know-how and raw materials are available, Pakistan side had also proposed signing of a commodity exchange agreement providing for the export of products of the State Engineering Corporation of Pakistan and of Irri-6 and Irri-9 rice to Malaysia.
The Ministry of Industries had recommended that the Ministry of Commerce/Trading Corporation of Pakistan might import palm oil, while linking it with the exports of engineering goods from Pakistan.
Similarly, the two sides had agreed that the package of incentives and facilities available in the Export Processing Zone of Pakistan should be widely disseminated among investors of Malaysia.
The possibility of setting up an EPZ in Pakistan exclusively for Malaysian investors was also discussed.
However, information material/leaflets were dispatched to 12 potential investors/companies of Malaysia last year through the Pakistan High Commission in Kuala Lumpur, but none of the companies responded to.
The Board of Investment (BoI) has also requested the Pakistan High Commission to identify industries, which could be re-located to Pakistan.
The third session of Pak-Malaysia Joint Commission meeting will, besides discussing the updated implementation status report of the relevant decisions, will also take up fresh proposals from different ministries.