The Meeting noted with concern that trade between Malaysia and Pakistan has declined in last few years mainly because of imports of Palm Oil by Pakistan from Indonesia. Malaysian share has shrunk to about 25%. No significant increase in export from Pakistan to Malaysia in last 2 years. Pakistan is able to export big quantity of Rice. Malaysia purchases from Pakistan about 100,000 tons per annum. Pakistan has capacity to export One Million tons of Rice. It was decided that both the Councils would approach Malaysian Government for increase in quota for import of Rice from Pakistan.
Members pointed out that the reason for decrease in Palm Oil import is mainly because of levy of Export Duty on Crude Palm Oil by Malaysian Government when its price go above RM 2,250 in KLCC. Pak-Malaysia Business Council has requested Malaysian Government to waive off this condition which will considerably increase import of Palm Oil by Pakistan.
Regarding export from Pakistan, it was pointed out that for every export consignment, a Permit has to be obtained by Exporters and there is Import Duty on Mangoes and Mandarin in Malaysia. The exporters have to get permit or quality certification in Malaysia for each consignment.
M. Bashir Janmohammed Chairman pointed out that many countries have agreed to appoint pre-shipment Surveyors and their certification is accepted by the buyers. He urged Malaysia-Pakistan Business Council to assist in this regard.
Malaysia-Pakistan Business Council proposed to hold Investment Conference in November, 2019 in Kuala Lumpur to achieve the following purpose:- To look for opportunities to narrow trade imbalances between two countries; To provide brief on potential opportunities available in Pakistan and Malaysia for investment on trade; To brief the potential investors from Malaysia about viable projects in Pakistan in the field of Plantation of Oil Palm, Energy, Infrastructure etc.; To bring in keen Pakistani investors for B2B meetings with Malaysian business entities. To introduce the culture of Pakistan through a cultural shows and holding a Food Festival; To introduce the haute couture of Pakistan by holding a Fashion Show that will be featured by some of the big names in the fashion industry.
M Bashir Janmohammed, Chairman, PMBC fully supported the idea and assured that PMBC will play its role in promoting and assisting the Conference and will ask Pakistani businessmen to join Conference and also participate in Food Festival and Fashion Show.
It was decided that both the Councils will invite Prime Minister of Malaysia, Dr. Mahathir Mohammad and Ministers from Malaysia and Pakistan to attend this event. High Commission of Pakistan in Malaysia assured of their full co-operation in this respect. Bashir Janmohammed met His Majesty the King of Malaysia, Al-Sultan Abdullah Ri'ayatuddin and the Crown Prince of Abu Dhabi Sheikh Mohammed Zayed Al-Nahyan in Kuala Lumpur after His Majesty was sworn in on 30th July, 2019 as new King of Malaysia. M Bashir Janmohammed presenting Crest to Dato' Sri Mohamed Nazir Meraslam, Chairman, Malaysia-Pakistan Business Council on 31st July, 2019 in Kuala Lumpur.-PR