Pak, Malaysia trade reaches $ 1.8 billion

By Ali Imran

ISLAMABAD: The High Commissioner (HC) of Malaysia to Pakistan, Ambassador Mohammad Azhar Mazlan said that the annual bilateral trade volume between Pakistan and Malaysia has surpassed USD $1.8 billion and both nations are determined to further strengthen their trade and investment collaboration in multiple sectors. Speaking at a ceremony honoring Pakistan’s former participants of the Malaysian Technical Cooperation Program (MTCP), the High Commissioner emphasized the untapped potential for growth, stating that “Pakistan and Malaysia have the capacity to increase trade volume up to USD $ 10 billion annually.” He underscored the significance of mutual collaboration, given that both Pakistan and Malaysia are integral partners in the Belt and Road Initiative (BRI), with Pakistan implementing the China-Pakistan Economic Corridor (CPEC) under the BRI framework. –Agencies