Pakistan PM on his visit to the Malaysian capital Kuala Lampur said that Islamabad will try its best to compensate for the loss suffered by Malaysia after New Delhi imposed sanctions on palm oil trade with South-East Asian country.
Malaysia Looks To Ease Tensions With India After New Delhi Threatens To Curb Imports
At the news conference, Malaysian President Mahathir Mohamad did not refer to Kashmir but PM Imran Khan did.
Khan said – “That’s right, especially since we noticed India threatened Malaysia for supporting the Kashmir cause, threatened to cut palm oil imports,” Khan told a joint news conference, referring to India’s Muslim-majority region of Kashmir. “Pakistan will do its best to compensate for that.”
India had been Malaysia’s biggest palm oil customer but imposed a ban on imports after to President Mahathir’s sharp criticism of India’s actions in Jammu and Kashmir and the citizenship law.
Malaysia Seeks To Replace India With Pakistan For Palm Oil Exports
PM Khan thanked his Malaysian counterpart for raising his voice on the issue of Jammu and Kashmir. “A radical and extremist government has taken over India and has put the people of Kashmir in a prison.
The Indian occupying forces have picked the Kashmiri leadership and locked up teenagers and put them in prison,” PM Imran said. “The way you have stood with us and spoken about the injustice in the valley, I want to thank you for that,” Khan said addressing the Malaysian premier.
Pakistan may have bought around 135,000 tonnes of Malaysian palm oil last month, a record high, India-based dealers who track such shipments told Reuters on condition of anonymity. The figure is close to estimates of 141,500 tonnes from Refinitiv, which says sales to India in January may have plunged 80% from a year earlier to 40,400 tonnes.
India Planning To Cut Imports From Malaysia For Hostile Kashmir Remarks
Pakistan bought 1.1 million tonnes of palm oil from Malaysia last year, while India bought 4.4 million tonnes, according to the Malaysian Palm Oil Council.
