News From : DagangHalal.com (20 Nov 2009)
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