Thirteen-member Malaysian delegation led by CIDB Chairman Datuk Abdul Rehman Abdullah held a meeting with Board of Investment (BoI) Chairman Waseem Haqqie here on Tuesday. The Malaysian delegation showed keen interest for investment in the joint ventures in Pakistan in various sectors including construction. The contractors have vast experience and they competed for many luxurious hotels, sports complexes, railways tracks, bridges and transport system in Malaysia. BoI chairman proposed to construct low cost affordable houses/apartments in Pakistan, besides investing in hotel industry.
Explaining the policy parameters, the chairman informed the delegation that all sectors of economy in Pakistan were open to foreign investors. He said foreign investors could buy land from the private sector at market rates to explore the possibilities to get land from government departments like Railways, defence housing authority (DHA), and provincial governments on mutually agreed terms.
The delegation leader said that the investment environment of Pakistan encouraged the visiting team of investors.