Talks on for setting up Pak-Brunei investment company
ISLAMABAD (September 21 2005): Deliberations are under way to finalise arrangement between Pakistan and Brunei to establish a joint investment company for promotion of bilateral trade under the Memorandum of Understanding (MoU) signed during Prime Minister's visit to Brunei in May 2005.
In this connection a meeting was held here on Tuesday between Board of Investment Chairman Waseem Haqqie and a delegation from Brunei Dar-ul-Salam, headed by Dr Mohammad Amin Abdullah, Managing Director of Brunei Investment Agency.
The two sides discussed the fine details of the memorandum of understanding and the draft of proposed agreement, which was forwarded to the government of Brunei.
The areas identified for investment between the two countries include industrial manufacturing and non-manufacturing sectors, financial services and marketing of products.
Waseem apprised the delegation of the existing investment facilities and policies of Pakistan government. He informed the delegation about potential of investment in the buoyant stock exchange and such sectors as telecommunications, automobiles, information technology and infrastructure.-PR
Copyright Business Recorder, 2005