Chief Executive Officers (CEOs) of industries from Malaysia who wish to invest in Pakistan’s automobile and telecommunications sector will hold a round table conference here on Friday.
The conference is part of Malaysian Prime Minister Mahathir Mohammad’s three-day visit to Pakistan at the invitation of Prime Minister Imran Khan.
Prime Minister Mohamad will be the guest of honour at the Pakistan Day Parade on March 23.
The two prime ministers are expected to speak at the roundtable conference.
During his visit, the Malaysian Prime Minister will meet President Arif Alvi, hold a one-on-one meeting with Prime Minister Imran Khan followed by delegation level talks.
Pakistan expecting $900 million investment
Pakistan expects investments of US $900 million on Malaysian Prime Minister Mahathir Mohammad’s visit of the country.
“Around $900 million investment is expected on Malaysian Prime Minister Dr Mahathir Mohammad’s visit of Pakistan," Prime Minister’s Adviser on Commerce and Textiles, Industries and Investment Abdul Razak Dawood said while addressing Press conference along with Chairman Board of Investment (BOI), Haroon Sharif.
The investments would come in different sectors of the economy including telecoms, Information technology and food, he added.
Dawood said Pakistan and Malaysian companies would sign agreements of joint ventures (JVs) worth millions of dollars in telecommunication, technology, automobiles and ‘Halal food sector.
Around 30 Malaysian business giants including leading telecoms and automobile manufacturing companies of the Asian region like eDoctco group, and PROTON Holdings would exchange Memorandum of Agreement (MoUs) with PMCL, Deodar pvt. Ltd, Telenor Pakistan, CMPak and with PROTON Holdings in automobiles sector.
The adviser said Pakistan and Malaysia would be interested in promoting business to business relations and would also strengthen ties between the private sectors of both countries for tapping investment opportunities.
