Economics & Business

Malaysian investments call on Finance Minister

ISLAMABAD: A Malaysian Investment Delegation headed by Prince Raja Ashman Shah Bin Raja Azlan Shah called on Mr. Naveed Qamar, Federal Minister for Finance, Revenue, Economic Affairs, and Statistics on Saturday. The Malaysian delegation comprised Chief Executives of Companies developing major infrastructure projects in Malaysia and Overseas. The visiting group earlier was given a presentation at the Board of Investment on various economic developments and industry-specific issues in Pakistan, highlighting Government of Pakistan’s economic policies salient features on investment and trade.

The Malaysian Group currently on a visit to Pakistan has an elaborate schedule of engagements concerning its meetings with different public and private sector organizaions relating to multi-sectoral investment in the country. During discussion with Finance Minister, it showed its keen interest in coal-fired power generation projects in consideration of huge quantity of coal reserves in Pakistan.

The Minister for Finance briefed the delegation about GoP economic priorities in building a broad-based industrial and investment infrastructure in the country. With restoration of democracy in Pakistan and with public good as GoP’s primary policy option/priority, all stakeholders in public and private sector are now set to launch various portfolio-based investment projects that would ensure a rapid development of economic activities in the country, the Minister added. Foreign investment in Pakistan is being welcome to keep at pace with industrial development of other Asian countries for more prosperous Asia, the Minister stressed. Pakistan and Malaysia could join hands in sharing latter’s expertise in palm oil production and processing by developing infrastructure, focusing local consumption and export needs, Finance Minister concluded.-SANA

About the author

Rubab Saleem

Rubab Saleem is Editor of Pakistan Times

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