Islamabad, Oct 3: Kamal Reaffirms Commitment to Foster a Conducive Environment for Foreign Investment. Minister for Commerce Jam Kamal has reaffirmed Pakistan’s commitment to create a conducive environment for foreign investment particularly for Malaysian traders.
He was talking to Malaysian Minister for Investment, Trade and Industry Datuk Seri Utama Tengku Zafrul Bin Tengku Abdul Aziz who called on him in Islamabad today.
Minister for Commerce emphasized that there is huge potential to grow bilateral trade between the two sides.He told Malaysian Minister that recently Government of Pakistan has removed Minimum Export Price for rice to allow Pakistani exporters to negotiate competitive prices.
The Minister reiterated Pakistan’s commitment to maintaining high halal standards, which are essential for expanding access to the Malaysian market. Speaking on the occasion, Malaysian Minister reassured their commitment to ease the procedures of trade for Pakistani businesses.
He Emphasized the government’s efforts to streamline regulations and simplify the investment process, aiming to attract more foreign capital. He assured potential investors of the government’s support, including legal protections and incentives designed to enhance business operations.
Furthermore, Kamal discussed ongoing projects that aim to improve infrastructure, including energy and transportation, which are essential for facilitating trade and investment. He underscored the importance of collaboration between the government and private sectors to ensure sustainable economic development.
The minister’s remarks come at a time when Pakistan is actively seeking to bolster its economy through increased foreign investment, particularly in sectors such as technology, renewable energy, and manufacturing.
