Sunday, January 22, 2012

Malaysia, Pakistan cooperate in manufacturing

Pakistan has a colossal auto-parts industry. According to some calculations it is the 4th largest in the world. However the industry is not export oriented, and quality remains an issue. In 1947, Pakistan did not have a steel mill, working university or even a single factory. Today it boasts a robust manufacturing sector. Close cooperation with Malaysia would help Pakistan improve its auto-parts industry and direct it towards exports to the Middle East, Asia and the West. According to press reports Malaysia is assisting Pakistan in auto industry development. “Pakistan is also in the dialogue with Malaysia for seeking technical know-how and collaboration in auto parts manufacturing with buy-back guarantee,” Pakistani Minister for Industries and Production Mir Hazar Khan Bijarani.

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