Malaysia keen to invest in infrastructure, housing.

[Shahzaz ud din]

Malaysia keen to invest in infrastructure, housing
By Usman Hanif
Published: January 19, 2019
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Pakistan has been an important customer of Malaysian palm oil since the 1970s. PHOTO: REUTERS

KARACHI: Malaysia is interested in investing in infrastructure, housing and telecommunication sectors of Pakistan and both countries need to widen bilateral trade, which stood at $1.34 billion in 2017.

Malaysian Ministry of Primary Industries Deputy Minister Shamsul Iskandar bin Mohammad stated this at a press conference on Saturday.

Presenting the opportunities, he suggested that Pakistani businessmen could export meat to Malaysia right after obtaining Halal and hygiene certificates. “Pakistan has been an important customer of Malaysian palm oil since the 1970s; this relationship has been translated into trade and investment cooperation,” the deputy minister said.
Malaysia has a bulk storage facility for edible oil at Port Qasim, a joint-venture project dating back to the 1990s. Later, it invested in a refinery, named Mapak Edible Oils, to process crude palm oil and produce downstream products, he said.

With the import of 1.37 million tons of Malaysian palm products in 2017, Pakistan was the fourth largest importer after India, the European Union and China.

Pakistan has also emerged as an important market for palm kernel cake, which is used as an ingredient for animal feed.

After a controversy emerged about nutritional properties in the saturated fat, Malaysia introduced the Malaysian Sustainable Palm Oil (MSPO) in 2013. “MSPO is at final stages this year,” the deputy minister shared.

“With this standard, Malaysia pledges that every drop of our palm oil is produced in a sustainable manner.”


Read more: Latest , Malaysia , palm oil

 

[Path-Finder]

so China, Turkey and Malay will be helping in 5 million housing project?

 

[nahtanbob]

palm oil is unhealthiest choice for cooking oil

 

[Shahzaz ud din]

so China, Turkey and Malay will be helping in 5 million housing project?

And add Egypt too.Egyptian billionaire has offered to build houses in naya Pakistan.

Egyptian Billionaire Interested To Invest In Naya Pakistan Housing Project

Mahnoor Sheikh (@mahnoorsheikh03) 18 hours ago Sat 19th January 2019 | 05:10 PM

Egyptian billionaire Naguib Sawiris has offered to build 100,000 housing units in Pakistan
Lahore (UrduPoint / Pakistan Point News – 19th January, 2018) Egyptian billionaire Naguib Sawiris has offered to build 100,000 housing units in Pakistan under Prime Minister Imran Khan’s Naya Pakistan Housing Project.

In an interview with Arab news, Tarek Hamdy, Chief Executive Officer of Elite Estates said that Egyptian billionaire Naguib Sawiris has expressed his will to invest in 100,000 units of affordable housing to help the prime minister in his vision toward Pakistan.

Owned by Sawiris, Ora Developers is already engaged in the construction of a multibillion-dollar housing scheme named ‘Eighteen’ which was launched in 2017 in Islamabad with local partners, Saif Group and Kohistan Builders.
Sawiris’ first investment in Pakistan was in mobilink, a cellular operator.
PM Khan had in October 2018 launched Naya Pakistan Housing Project in line with his party’s election manifesto, which promised five million houses for the poor.
Hamdy said, “This scheme is very ambitious yet very promising for the people of Pakistan. I think allthe developers should help in this scheme. You cannot solely rely on the government to build five million houses.”
Hamdy believes that the promise of building five million affordable housing units cannot be realized in a short span of time.
“I think the plan is right but it has to be in stages, has to be in steps. It is not the project (to be achieved) in one or two years... may take few good years, may be couple of decades to be achieved,” he said.

 

[Pakhtoon yum]