PUTRAJAYA: Pakistan is ready to import more palm oil from Malaysia, which is seeking other markets following controls imposed by India on refined palm oil imports.
Prime Minister Tun Dr Mahathir Mohamad said the sale of palm oil was discussed by him and Pakistan Prime Minister Imran Khan during their bilateral meeting.
"Pakistan is quite ready to import more palm oil from Malaysia," he said at a joint press conference with Imran on Tuesday (Jan 4).
This was echoed by Imran, who said Pakistan would try its best to compensate after India threatened to cut palm oil imports.
"We notice that India threatened Malaysia for supporting the Kashmir cause and threatened to cut palm oil imports.
"Pakistan will try its best to compensate," he said.
India's directorate-general of foreign trade had announced restrictions on the import of refined palm oil and palm olein where importers would now be required to apply for licences.
The Indian import controls came after remarks by Dr Mahathir regarding India's actions on Kashmir and the new citizenship law last year.
https://www.thestar.com.my/news/nation/2020/02/04/pakistan-ready-to-import-more-m039sian-palm-oil-says-dr-m
Created by savemalaysia | May 13, 2024
Created by savemalaysia | May 13, 2024
Created by savemalaysia | May 13, 2024
Created by savemalaysia | May 13, 2024
Created by savemalaysia | May 13, 2024
Created by savemalaysia | May 13, 2024
Created by savemalaysia | May 13, 2024
Created by savemalaysia | May 13, 2024
Created by savemalaysia | May 13, 2024
Pakistan foreign reserve is only USD6,6 billion and going down fast , they are already broke !! Pakistan already going around with their begging bowl ....never never dream Pakistan will buy more of our Palm Oil....Never trust a broken country like Pakistan ,,,,unless you want more terrorists to our country then its Pakistan only skill and they are best in the world in this field ,,,exporting terrorists !!
2020-02-05 18:52
Do not confuse people. Economy does not work in that manner . Palm oil is daily , opex consumption and not Capex , whatt laaa
2020-02-05 19:14
DickyMe
Got money to pay or not? Barter with carpet?
2020-02-04 14:35