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In this photo released by Pakistan's Prime Minister Office, Pakistan's Prime Minister Shehbaz Sharif, right, reviews guard of honor with Malaysian Prime Minister Anwar Ibrahim, at the Prime Minister's House, in Islamabad, Pakistan, Thursday, Oct. 3, 2024. (Prime Minister Office via AP)

Malaysian and Pakistani prime ministers agree to boost trade and economic ties

The prime ministers of Malaysia and Pakistan have agreed to increase bilateral trade and boost economic ties after talks in Islamabad

By AP News
Published - Oct 03, 2024, 10:26 AM ET
Last Updated - Dec 16, 2024, 06:39 PM EST

ISLAMABAD (AP) — The prime ministers of Malaysia and Pakistan agreed in talks Thursday to increase bilateral trade and boost economic ties between their nations.

The announcement by Anwar Ibrahim and his Pakistani counterpart, Shehbaz Sharif, followed talks in Islamabad on how to further strengthen the two nations’ cooperation in diverse fields, including energy, agriculture, connectivity and tourism.

Ibrahim arrived Wednesday for a three-day visit to Pakistan. Bilateral trade between the two sides in the fiscal 2023-2024 year was at $1.5 billion.

According to a government statement on Thursday, “the two sides agreed to strengthen bilateral economic cooperation, enhance trade, remove barriers in key sectors, provide a level playing field, and address the trade imbalance”.

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