MPBC representatives attended an event to enahnce Malaysia Pakistan bilateral trade. Invest in Pakistan was organized by AGA Ventures Malaysia (AGA) and Overseas Investors Chamber of Commerce and Industry (OICCI) Pakistan in Royal Selangor Club Kuala Lumpur on 16 July 2020.

Key theme inpresentations by AGA and OICCI was to create awareness for leveraging the strenghts of both friendly countries to connect businesses on both sides toenhance trade.

Bilateral trade between Malaysia and Pakistan is valued at over RM 5 billion (Malaysian exportsto Pakistan over RM 4 billion).

Pakistan offers a market of 220 million people in south asia for Malaysian products and busineses to penetrate; incentives for foreign investors in new established Special Economic Zones under the China-Pakistan Economic Corridor (CPEC); alternative sourcing of raw materials for Malaysian busineses; Halal tourism; and access to regional markets (bordering landlocked countries Afghnistan and Central Asia).

Malaysia has vast expereince in international trade and value added manufacturing; human resource which has developed world class managerial and leadership skills; access toliquidity and capital.

Mr. Shafqat Niazi, Trade and Investment Counceller of government of Pakistan in Kuala Lumpur, answered questions about government intiatives to enhance ease of doing business in Pakistan and sharedhis contact to be reached to him for any queries and challenges in trade & investment matters.

Mr. Rafiq, MalPak general secretary, shared glimpse of initiatives and plans to faciliate MalPak members and Malaysian entreprenurs to tap Pakistan market for busienss growth.

Background Info of Presenters

AGA Venture PLT is a partnership firm incorporated in Malaysia to undertake the business of investment facilitation, advisory and project execution for investors in Malaysia to exploit commercial opportunities in Pakistan. The Venture, set up by Malaysian and Pakistani professionals, is based on a simple idea: Malaysia has surplus capital and managerial know-how, and Pakistan needs FDI and sectoral expertise, creating prospective deals flow for investors and enterprises.

Overseas Investors Chamber of Commerce & Industry (OICCI) was established in 1860 as the Karachi Chamber of Commerce; OICCI serves as a platform to promote foreign investments in Pakistan thereby playing a major role in the growth of commerce and industry in the country. As the oldest and largest investment Chamber, OICCI draws on a diverse membership both in terms of sector and geography with the current 197 members representing 35 different countries and14 different sectors of trade and industry.

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