Pakistan and Malaysia agree to build strong economic partnership

February 4, 2020: Pakistan and Malaysia have agreed to build a strong economic partnership to strengthen the trade and investment relations by removing barriers in key areas and develop linkages between the private sectors of two countries.

The understanding came at talks between Prime Minister Imran Khan and Malaysian Prime Minister Mahathir Mohamad at Putrajaya.

Both the sides also expressed commitment to build stronger ties in the areas of defense, law enforcement, tourism and education.

They agreed to more exchanges at different levels to set the future direction of the bilateral relations. The two sides reaffirmed commitment to ensure stronger collaboration amongst various ministries and agencies to enhance friendship and understanding between the two peoples.

The Prime Minister regretted that India threatened Pakistan for supporting the Kashmir cause and cut their palm oil exports from the country. He said Pakistan will do its best to compensate for that by importing the Malaysian palm oil.

Imran Khan said that given the close affinity between the peoples of both the countries, there is great scope of further improving trade and economic relations between Pakistan and Malaysia.

He said the idea is to develop a much closer relationship and also doing joint ventures in the defense sector.

In his remarks, the Malaysian Prime Minister said Pakistan and Malaysia have multifaceted relations and this visit of Prime Minister Imran Khan reflects the commitment to further promote these relations. He said we have set a stage for a new phase in the relationship saying his country will continue to foster and deepen relations with Pakistan.

The two sides also signed an extradition treaty.

Delegation level talks between Pakistan and Malaysia also held at Putrajaya.

Prime Minister Imran Khan led the Pakistani delegation while the Malaysian side by its Prime Minister Mahathir Mohammad.

The two sides discussed the entire spectrum of bilateral relations and ways and means to further expand their relations in different fields including trade, economy and tourism.

Earlier, Prime Minister Imran Khan held talks with his Malaysian counterpart Mahathir Mohamad in Putrajaya.

On his arrival at Prime Minister office, Mahatir Mohammad accorded a warm welcome to Prime Minister Imran Khan.

Both the sides are expected to sign a number of important agreements and MOUs.

Radio Pakistan