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Pak offers special treatment to Malaysian investors
Kuala Lumpur—Pakistan will provide special treatment
to Malaysian investors and proactively ensure their security and
help them to over come regulatory and bureaucratic bottlenecks. This
was stated by Mr. Tariq Puri, Federal Secretary, Ministry of
Investment during a roundtable investors’ conference held in the
office of the Honorary Investment Counselor for Pakistan, Dato Salim
Bin Fatih Din in Kuala Lumpur.
The round table conference was attended by top Malaysian companies
keen to invest in Pakistan including DRB-HICOM Berhad, RENEXUS (M)
Sd Bhd, MMC Corporation Berhad, MKP Capital Berhad, Pollution
Engineering Sdn Bhd, Maybank Malaysia, PADIBERAS Nasional Berhad,
National Feedlot Corporation Sdn Bhd, Tenega Nasional Berhad, Bina
Puri Holdings Bhd, GABEM and Arash Venture Sdn Bhd. While responding
to various queries raised by the Malaysian existing and potential
investors, Mr. Tariq Puri said that most of the fears expressed by
the Malaysian investors are unfounded as Pakistan provides one of
the best investment friendly regime in the world and to alienate the
security concerns, Government of Pakistan will provide the investors
with fool proof security arrangements besides assisting and helping
them in managing the regulatory and bureaucratic bottlenecks.
It was also decided that in order to satisfy sector wise specific
queries, one to one engagement sessions will be held with each
investor to focus on area of its interest. He said that all sectors
in Pakistan are open for investment and there are immense
opportunities for bilateral cooperation between Pakistan and
Malaysia in the field of Halal Food, Veterinary Sciences , Halal
Certification and in others field such as Infrastructure
Development. Power Sector, Housing, Communication and IT Sectors. He
said that the establishment of exclusive economic zone for Malaysia
in Province of Sindh and signing of Malaysia, Pakistan Comprehensive
Economic Partnerships Agreement (MPCEPA) have provided the needed
mechanism and enabling environment for enhanced trade and investment
between the two countries.
He urged the Malaysian potential investors to directly approach the
Ministry of Investment of Pakistan for any information and
facilitation and for settlement of grievances, if any, with their
Pakistani counterparts or with any of the Pakistani agencies or
department to help and assist them in their venture in Pakistan.
During his Four ( 4) day visit to Malaysia, the Secretary, also met
with Deputy Director General Malaysian Industrial Development
Authority(MIDA) and discussed the matters of mutual interest. During
the meeting with MIDA, it was agreed in principle to share
investment intelligence and encourage cross border Investors and
extend technical cooperation between the two Investment Promotion
Agencies (IPAs).—INP |
