Malaysia awarded for high­est in­vest­ment

Enterprise - - Investment -

Malaysia has the high­est in­vest­ment in Pak­istan. This was duly rec­og­nized by award­ing Malaysia the Di­a­mond Trade and In­vest­ment Award for be­ing among the top five in­vestors in Pak­istan, with to­tal in­vest­ments of $855.7 mil­lion from July 2006 to Oc­to­ber 2010.

Malaysian Con­sul Gen­eral, Mo­ham­mad Khalid re­ceived the award at an event or­ga­nized by the Diplo­matic Call In­ter­na­tional Mag­a­zine. It was held to rec­og­nize and ac­knowl­edge the role of for­eign in­vestors and diplo­mats in the eco­nomic de­vel­op­ment of Pak­istan. On the oc­ca­sion, the Con­sul Gen­eral high­lighted the fact that Malaysia’s in­vest­ment in Pak­istan would soon reach $2 bil­lion. Malaysia is also plan­ning to in­vest in the re­vival of the IT tower pro­ject in Karachi and pro­vide as­sis­tance to Pak­istan in tap­ping the high po­ten­tial Ha­lal sec­tor.

Ear­lier this year, Saleem H. Mandi­walla, Chair­man, Board of In­vest­ment (BoI) met four Malaysian min­is­ters to pro­mote bi­lat­eral trade re­la­tions be­tween the two coun­tries. The del­e­ga­tion stressed that Pak­istan has one of the most lib­eral in­vest­ment regimes and wel­comed Malaysian com­pa­nies to build bridges, roads, high­ways and train tracks un­der pub­lic-pri­vate part­ner­ship or on build, op­er­ate and own (BOO) ba­sis.

The meet­ing also dis­cussed the prospects of de­vel­op­ing down­stream palm oil in­dus­tries in Pak­istan through Malaysia’s co­op­er­a­tion. An im­por­tant sug­ges­tion came from the Malaysian Fed­eral Ter­ri­to­ries Min­is­ter, of trans­form­ing squat­ter ar­eas of Pak­istan into de­cent ur­ban res­i­den­tial ar­eas. Malaysia has shown great in­ter­est in in­vest­ing in the low-cost hous­ing sec­tor of Pak­istan

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