PM Shehbaz Sharif Pledges to Enhance Economic Cooperation with Malaysia

Kuala lumpur: Prime Minister Muhammad Shehbaz Sharif has reaffirmed Pakistan’s commitment to strengthening economic and trade relations with Malaysia. He was in conversation with a delegation from the leading Malaysian business group Gobi Partners, led by its Co-Founder and Chair, Thomas G. Tsao, in Kuala Lumpur on Tuesday.

According to Radio Pakistan, the Prime Minister highlighted the immense potential for enhancing cooperation in various economic sectors between Pakistan and Malaysia. He referenced the recently held Pakistan-Malaysia Business and Investment Conference, noting that such initiatives are vital steps towards promoting business-to-business linkages between the two countries.

Shehbaz Sharif reiterated the government’s dedication to creating a business-friendly environment and improving the ease of doing business in Pakistan. He mentioned that the Special Investment Facilitation Council is actively providing support and facilities to foreign investors.

The Prime Minister welcomed Gobi Partners’ interest in Pakistan’s startup ecosystem, emphasizing the government’s implementation of focused reforms to support startups and early-stage investors through investment facilitation and improved infrastructure access. He stressed the importance of mobilizing both domestic and international capital to develop a sustainable startup ecosystem.

Highlighting the digital economy’s significance, the Prime Minister noted that sectors like fintech, e-commerce, and IT services are integral to Pakistan’s national development strategy. He expressed Pakistan’s readiness to welcome international business groups and investors interested in the country’s burgeoning IT, technology, and artificial intelligence sectors.

The Gobi Partners delegation expressed a keen interest in collaborating on e-commerce and financial technologies in Pakistan.