Intl. Seminar on ‘Investment Opportunities in Pakistan’ to be held in Malaysia

ISLAMABAD: Board of Investment of Pakistan (BOI) and Malaysian Industrial Development Authority (MIDA) would jointly organise the seminar titled “Investment Opportunities in Pakistan”, on March 31, 2001, at Kuala Lampur. A delegation of more than thirty representatives of Pakistan’s top ranking companies led by  Chairman Board of Investment (BOI) Saleem H. Mandviwalla will interact with over 200 representatives of the top ranking Malaysian companies in the seminar.The High Commissioner of Pakistan in Malaysia Masood Khalid while commenting on the event said it is a land mark event in the context of bilateral trade and investment relations between the two countries.This would provide unique opportunities to the  private sectors of the two countries to interact with each other, he said of the seminar.Besides, he added it would provide avenues to explore, evaluate and discuss the trade and investment opportunities Pakistan and Malaysia.Participants of the conference will focus on four areas including agriculture and halal sector, Infrastructure development, power and energy, IT and education to discuss prospects of investment in these sectors.

They would come up with a way forward for mutually beneficial frame work of cooperation to bring about quantum jump in the existing level of trade and investment between the two countries.Masood Khalid said the seminar will proceed in two sessions, inaugural and break out sessions.In the inaugural session, Chief guest Deputy Minister MITI, Chairman BOI, High Commissioner for Pakistan, and Director General MIDA in their speeches will identify the areas of trade and investment opportunities between the two countries, followed by a press conference.In the second session, the success story of Foreign Businesses in Pakistan will be discussed and presentation on Investment opportunities in Pakistan will be made.This would be followed by break sessions wherein, the private sectors of both the countries will discuss sector wise trade and investment opportunities.

It would come up with recommendations to significantly improve the existing level of trade and investment between the two countries.According to the Board of Investment of Pakistan there are seventeen (17) Malaysian companies working in Pakistan in different sectors including Housing & Construction, IT, Energy, Agriculture and various other sectors.This reflect the vast potential of Malaysian investment in Pakistan which can further be exploited with the concentrated and targeted approach.In 2008, Malaysia made an investment of US $ 656.4 million in Pakistan, which was the second highest foreign investment in Pakistan during the year 2007-08.Malaysia-Pakistan Closer Economic Partnership Agreement (MPCEPA) was signed in Nov 2007 and it came into force from January,1, 2008.It encompasses liberalization in trade in goods and services, investment, as well as bilateral technical cooperation and capacity building.