Pakistan, Malaysia sign five MoUs: Asad Umar

ISLAMABAD: Finance Minister Asad Umar on Friday said Pakistan and Malaysia have signed five memorandums of understanding in various sectors.

In his informal talk with the reporters in the federal capital, the minister said Malaysia has expressed interest in buying meat and rice from Pakistan.

The Malaysian delegation also showed their interest in buying Pakistani made JF-17 Thunder fighter jets.

In this regard, Umar maintained that the Malaysian authorities have invited Pakistan to attend defence exhibition, to display its JF-17 jets.

The finance minister further added, it was also agreed to open branches of banks between both the countries.

Advisor to the Prime Minister on Commerce, Abdul Razak Dawood, on Thursday said that the government had decided to enhance trade ties with Malaysia with cooperation in various sectors.

While addressing a joint press conference along with Chairman Board of Investment (BoI) Haroon Sharif, the commerce advisor hoped for foreign investment of worth $800-900 during Malaysian delegation visit to Islamabad.

He detailed that the investments would be made in telecommunication, food, information technology and auto sectors of the country.

He had said that Pakistan will hold discussions with Malaysia for the establishment of long-term business partnership in various sectors.