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KARACHI, Oct 08 (APP):Chairman of the Pakistan Vanaspati Manufacturers Association (PVMA), Sheikh Umer Rehan, has welcomed Prime Minister Shehbaz Sharif’s recent visit to Malaysia, calling it a highly productive and positive development for Pakistan’s trade and industrial sectors.
In a statement, he said that the vegetable ghee and cooking oil industry forms the largest trade linkage between Pakistan and Malaysia, noting that Malaysia remains Pakistan’s one of the biggest suppliers of palm oil. “The edible oil trade between the two countries is worth billions of rupees,” Rehan said, adding that the sector is one of Pakistan’s highest tax-contributing industries after petroleum products.
Sheikh Umer Rehan added that expanding trade between the two countries requires joint efforts from both the government and the private sector, stressing that this partnership could open up new avenues of economic growth, investment, and employment.