Pakistan and Malaysia can both benefit from the bilateral trade between the two countries, said Mian Kashif Zia, Chairman, Pakistan Hosiery Manufacturers and Exporters Association (North Zone) while addressing a Malaysian trade delegation at PHMA office in Malaysia. Zia said, the joint ventures and business-to-business meetings between business leaders of the two countries will help promote trade between them. Malaysia imports knitwear products worth $759 million from across the world. But, Pakistan’s exports to the country amounted to only $6.60 million in 2021.
Pakistan has a growing potential in the local market. Availability of abundant natural resources and independents investment systems, makes it the best investment destination, Zia explains. Muhammad Izwan Zainuddin, CEO, PUNB said, the balance of trade has always been in favor of Malaysia and we aim to get our legitimate share in trade with the country.