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.
