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KUALA LUMPUR: The establishment of a Joint Business Council (JBC) between Pakistan and Malaysia is in the final stage.

The Pakistan High Commissioner to Malaysia, Lt Gen (Rtd) Tahir Mahmud Qazi said the formation of the JBC, is being undertaken by both the National Chamber of Commerce and Industry of Malaysia (NCCIM) and the Federation of Pakistan Chamber of Commerce and Industry (FPCCI).

In a statement here on Wednesday, he added that the purpose of the JBC is to foster friendship and understanding between the business communities of Malaysia and Pakistan.

"The objective is also to enhance the existing level of trade and investment between the two countries.

"At the same time, it is to facilitate the transfer of technology, strengthen cooperation in services and other sectors of economic activities as well as the exchange of information on trade and investment related matters," he said.