The country's Chamber of Commerce and Industry (FPCCI) and Malaysia's National Chamber of Commerce and Industry of Malaysia (NCCIM) are in the final stage to launch a Joint Business Council (JBC).
Pakistan's High Commissioner to Malaysia Lieutenant General Tahir Mahmud Qazi (Retd) announced in Kuala Lumpur that Pakistan chapter of Joint Business Council comprising 34 representatives of top Pakistani companies has already been constituted, says a message from Pak High Commission in Malaysia issued here.
The High Commissioner said the Pro-term (Steering Committee) of Malaysia comprising 9 members has also being formed to finalise the membership of Malaysian Chapter of Joint Business Council. He said the list so compiled would be shared with the National Chamber of Commerce and Industry, Malaysia to give it a final shape, leading to the formation of Malaysian chapter of JBC.
Qazi said soon after the formation of Malaysian Chapter of JBC, the joint meeting of the Council will be held in Kuala Lumpur, Malaysia to discuss ways and means to enhance existing level of bilateral trade and investment between the two countries.
The High Commissioner said the purpose of JBC is to foster friendships and understanding between business communities of Malaysia and Pakistan with the objective to; enhance existing level of trade and investment between the two countries, facilitate transfer of technology, strengthen co-operation in services and other sector of economic activities and exchange information on trade and investment related matters.
The High Commissioner further added that JBC will also make appropriate recommendations necessary for promoting economic relations between the two countries and will submit them to respective governments for consideration, besides, undertaking exchange of missions, consisting of business sectors, industrialists, entrepreneurs and technical experts for the benefit of both countries.