1- CPEC to bring $3.01 billion of inflows in next five years in Pakistan. 2- Dollaar hits historical high at 157 in open market.

PM Imran's first visit to Malaysia

Posted on November 22, 2018 at 03:00 PM

Prime Minister Imran Khan arrived on Tuesday in Malaysia on a two-day official visit. Prime Minister Imran Khan was welcomed at Kula Lumpur by Deputy Foreign Minister Marzuki bin Yahya and senior minister Dr Muhammad bin Rafique. Prime Minister Imran Khan was accompanied by Foreign Minister Shah Mehmood Qureshi, Minister for Information and Broadcasting Fawad Hussain, Finance Minister Asad Umer and Advisor on Commerce Abdul Razaq Dawood.

It is the first visit by Pakistan Since Prime Minister Mahathir Muhammad assumed office Since May.

Prime Minister Imran Khan visited Malaysia to further strengthen the relations by enhancing trade, commercial activities, and economic relationships between two countries.

PM Imran Khan congratulates Mahathir Muhammad on his historical electoral victory in general elections. As well as Mahathir Muhammad also congratulated PM Imran Khan on his recent resounding election as the PM of Pakistan. The Malaysian government acknowledged the contribution of Justice Abdul Hameed of Pakistan, member of Reid commission.

Both parties shared their ideas to strengthen bilateral economic ties, commerce and business, favourable conditions generally in agricultural products, palm oil, food retail and energy, automotive parts, telecommunication and technology sector.

Pakistan and the Malaysian government signed "Malaysia-Pakistan Close Economic Partnership Agreement (MPCEPA) on 8th November 2007 in Kula Lumpur and strengthen the trade relationship.

Pakistan and Malaysia signed Liquified Natural Gas (LNG) in November 2017 and PM Mahathir Muhammad reiterated Malaysia's commitment to assist Pakistan in addressing its energy shortfall. Prime Minister showed interest in the technology industry and highlighted their attention to explore opportunities.

Malaysia also invited Pakistan to invest in manufacturing and services sectors. Pakistan also invited to Malaysian companies to invest in Special Economic Zones to take advantage to directly connect with South & West Asia and Central Asia.

Both leaders discussed to enhance the importance of the educational sector and agreed to enhance cooperation in the technology sector. Pakistan and Malaysia reaffirmed the importance of Defence Cooperation and looked forward to the 13th Joint Committee on Defence Cooperation (JCDC) which will be held in Kula Lumpur.

Malaysia invited Pakistan to participate in Langkawi International Maritime and Aerospace Exhibition in 2019. Both sides also exchanged views on the situation in Rakhine, Kashmir, Palestine and Myanmar. Both countries agreed to positively raise the voice of Muslims in OIC, in which Pakistan and Malaysia are members.

On this event, Pakistan and Malaysia signed a Memorandum of Understanding (MoU) on the partial abolition on visa requirement which has a positive impact on bilateral relations between two countries.

This agreement was signed by the Malaysian Home Minister Tan Sri Dato Haji Muhyiddin and Pakistani Foreign Minister Shah Mehmood Qureshi in the presence of Malaysian PM Mahathir Muhammad and Pakistani PM Imran Khan. PM Imran Khan also briefed on the major issue of Kashmir on the grave of the human rights situation in Kashmir and referred the reports of UNOHCHR, Amnesty International, International People's tribunal.

This agreement will partially abolish the visa requirement for official and diplomatic passport holders according to Malaysian media. Prime Minister Imran Khan also invited to PM Mahathir Muhammad to undertake a visit to Pakistan. Prime Minister Mahathir Muhammad accepted the invitation and will visit in March 2019. The dates of the visit will be coordinated through diplomatic channels.

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