Malaysian company evinces interest in energy sector of Pakistan

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Observer Report

Kuala Lumpur

Malaysian Oil and Gas Company Petronas has expressed interest to invest in the energy sector of Pakistan.
The interest was expressed by CEO of Petronas during a meeting with Foreign Minister Shah Mahmood Qureshi in Kuala Lumpur on Monday.
In his remarks, the foreign minister said Pakistan is giving priority to promote trade and economic relations with Malaysia. He also welcomed Petronas interest for investment in Pakistan.
Meanwhile, talking to the business community at a reception in Kuala Lumpur, Foreign Minister Shah Mahmood Qureshi has invited the Malaysian investors to invest in different sectors of Pakistan including Information Technology, energy, Halal food, oil and gas and construction of inexpensive houses.
He said Pakistan’s economy is now heading towards stability as a result of difficult decisions taken by PTI government.
Foreign Minister said our positive economic policies have restored confidence of foreign investors and it is the first time in the last three years that the volume of investment has reached 340 million dollars.
He said government is undertaking sincere efforts to ensure ease of doing business and this is the reason that the World Bank has declared Pakistan amongst the top ten improvers in the ease of doing business.