LCCI team meets Malaysian traders

LAHORE: A delegation of the Lahore Chamber of Commerce and Industry (LCCI) on Thursday visited industrial areas in Kuala Lumpur and held business-to-business (B-2-B) meeting with Malaysian industrialists, besides visiting large-scale manufacturing units, including auto parts, rubber, oil palm processing and manufacturing, light manufacturing, pharmaceuticals, medical technology, electronics, tin mining and smelting, logging, and timber processing, a statement said.

The objective of the visit is to set guidelines for knowledge and experience sharing that would be equally beneficial for the private sectors of the two countries, it added.

LCCI President Malik Tahir Javaid said that the two countries have a lot to share and learn to and from each other; therefore, private sectors should establish more close contacts and ensure exchange of delegations on reciprocal basis.

The economic diversification and modernisation is impressive. The Malaysian government deserves appreciation for playing an active role in industrialisation and economic development, he added.

Pakistan is looking to broaden its exports base and wants to add Malaysia in its most important trading partners, he said, adding that Pakistan gives highest value to its trade and economic relations with Malaysia and always welcome Malaysian investment.