A Malaysian investors delegation headed by Prince Raja Ashman Shah Bin Raja Azlan Shah called on Federal Finance Minister Naveed Qamar here on Saturday. It comprised chief executives of companies that are developing major infrastructure projects in Malaysia and overseas.
The visiting group earlier was given a presentation at the Board of Investment (BoI) on various economic development and industry-specific issues in Pakistan, highlighting the 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 organisations relating to multi-sectoral investment in the country. During discussion with the finance minister, the delegation showed its keen interest in coal-fired power generation projects in consideration of huge quantity of coal reserves in Pakistan.
The minister 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.
The foreign investment in Pakistan is being welcomed to keep at pace with industrial development of other Asian countries for a more prosperous Asia, he said Naveed Qamar said that Pakistan and Malaysia should join hands in sharing expertise in palm oil production and processing by developing infrastructure, focusing local consumption and export needs.
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