Pakistan and Malaysia Sign Four MoUs to Strengthen Trade Relations

The business communities of Pakistan and Malaysia signed four Memorandums of Understanding (MoUs) on Thursday. The event was overseen by Federal Minister for Commerce Jam Kamal Khan, as detailed in a press release from the Commerce Ministry.

One of the key agreements includes a Letter of Intent (LOI) between Fauji Meat Limited and NSK, establishing a profit-sharing partnership for the distribution, wholesale, and retail of meat. Additionally, the Gobi VC Investment Fund pledged $300,000 to Qistbazar and announced its intention to raise a $50 million fund to support emerging Pakistani startups.

Moreover, SNA Equity committed to investing $5 million in Gamalux Pakistan, with a goal of reaching a total investment of $15 million by 2026. The Pakistan and Malaysia Business Councils also signed an MoU aimed at enhancing cooperation in the Halal trade sector.

These agreements represent a strategic step towards strengthening economic ties and business collaboration between Pakistan and Malaysia, signaling positive prospects for future trade initiatives.