ISLAMABAD – Malaysia To Increase Palm Oil Export To Pakistan. Malaysia aims to increase the palm oil export to Pakistan to 60 percent. Currently, it exports 22 percent but Islamabad sounded interest to import more palm oil from the country.
Malaysian Primary Industries Minister, Teresa Kok said there is only 22 percent market share for Malaysian Palm oil in Pakistan. There is room for improvement but detailed discussions will be the first step towards them. “Hopefully from 22 percent, we can increase it to 50 percent or 60 percent. That would be a great improvement,” she said.
She added that there is also a potential to increase bilateral trade between Malaysia and Pakistan. Pakistan’s population of more than 200 million could serve as a potential destination for Malaysian’s palm oil.
“A lot of issues can be set through bilateral trade. When I went to Karachi, there was a request that there should be more flights from Pakistan to Malaysia. Especially from Karachi, the Malaysian Reserve reported. “If you check from the embassy, there is also an increase of tourists applying for visas to come to Malaysia. There is a potential increase of bilateral trade between two countries,” she added.
Pakistan Prime Minister Imran Khan has recently pledged to import more palm oil from Malaysia during his bilateral meeting with PM Dr Mahathir Mohammad. Malaysia is the second-largest producer of palm oil after Indonesia and has been its biggest market for the past five years.