Malaysia and Pakistan to Share Auto Industry Know-How

Stop laughing for a minute and read this piece of news. We know the title sounds silly for most of you and that it seems less important than what your dog has been eating since Christmas, but this could prove to be pretty interesting for carmakers who are always looking to expand their business. Malaysia and Pakistan, two not-so-explored countries when it comes to the auto sector, are looking to advance together in this particular sector.

The two countries are planning to expand their collaboration on palm oil production so Pakistan has already installed an oil pal extraction in the country. So, if Malaysia has already joined the agreement and helps Pakistan in this regard, why not share know-how and other information for the auto industry too?

“This will also help Pakistan improve its balance of trade between Pakistan and Malaysia and promote indigenous palm oil plantation in the country,” Minister for Industries and Production Mir Hazar Khan Bijarani was quoted as saying by Daily Times. “Pakistan is also in the dialog with Malaysia for seeking technical know-how and collaboration in auto parts manufacturing with buy-back guarantee."

And if you're still laughing your head off, it's probably worth mentioning that 2010 brought a sales record in Malaysia, as the company saw new car sales grow 12.7 percent to 605,156 units last year. Passenger cars deliveries increased 11.8 percent to 543,594 units while the commercial vehicle industry posted a growth of 21.8 percent to 61,562 units.

"The biggest challenge would be whether the economy is still maintained as it is, and externally whether the world economic growth will be threatened, as well as whether the interest rate will remain the same," Malaysian Automotive Association president Aishah Ahmad commented on the 2010 results.