KARACHI - Malaysian Plantation Industries and Commodities Minister Datuk Amar Douglas Uggah Embas has said that Pakistan is indeed a special trading partner for the Malaysian palm oil industry.
He officiated the third Malaysia-Pakistan Palm Oil Trade Fair and Seminar (POTS) at a local hotel. Datuk said Pakistan has always been the most consistent buyer of Malaysian palm oil products and palm oil has featured as a major component of the growing bilateral trade between the two countries. He said that there are ample opportunities for the private sectors of both countries to synergize, taking into account Pakistan’s strategic geographical location.
Datuk also urged more Malaysian companies to collaborate with Pakistani companies in developing other areas in the oils and fats trade, including oleo chemicals, biomass utilization and animal feed.
“Such efforts will definitely spur the growth of the Pakistani oils and fats industry and enhance further the trade between the two countries,” he added. Repetitive of Malaysian Palm Oil Council in Pakistan, Faisal Iqbal told the journalists Pakistan is importing around 2.2 million tons palm oil from Malaysia and Indonesia and the shares of both countries in our market are 60 and 40 percent respectively.