Pakistan to ink MoU with Malaysia to strengthen bilateral relation

Singapore, Jul 9 (UNI) Pakistan is hoping to sign a memorandum of understanding (MoU) with Malaysia on counter terrorism and the abolition of visa for diplomatic and official passport holders.

The visiting Pakistan Prime Minister Syed Yousuf Raza Gilani had discussed this with his Malaysian counterpart Abdullah Ahmad Badawi during a bilateral meeting held in Kuala Lumpur yesterday.

Mr Gilani also hoped the Pakistan Malaysia Free Trade Agreement will facilitate his country's export to the prospering Asean economies.

A statement issued by the Pakistan High Commission in Kuala Lumpur said the Pakistan premier has suggested that Malaysian companies invest in the energy-starved sector of Pakistan.

''Pakistan offers a lucrative market for other D-8 members, especially Malaysia, to make investments in renewable energy options as this will not only be beneficial to Pakistan's energy security but will boost social equity and make good economic sense,'' said the statement.

Gilani is in Kuala Lumpur for the Group of Eight Developing Islamic Countries (D-8) Sixth Summit.

UNI XC AK VP0736