Malaysia investment to Pakistan reaching US$ 216.14 Million

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Malaysia investment to Pakistan reaching US$ 216.14 Million​

KAULA LUMPUR, (Malaysia), Jul 19 (APP): Malaysian Foreign Direct Investment (FDI) in Pakistan reached US$ 216.14 million in first eleven months of 2008-09.According to Pakistan’s High Commission to Kaula Lumpur, data released by Pakistan’s Board of Investment indicated that the biggest Malaysian investment was made in financial sector with US$ 194.33 million followed by Oil and Gas Exploration US$ 14.26 million, sugar US$ 10 million and Chemical sector US$ 2.11 million.Other sectors of Malaysian investment were rubber and rubber products, pharmaceutical & OTC products, electrical machinery, construction, personal services and others.

However, due to global recession, the Malaysia investment to Pakistan witnessed a steep downward trend in the first eleven month of 2009-10, but it continued to flow in Financial Services sector with US$ 24.99 million investment.
While commenting upon the data, the Acting High Commissioner, Dr. Imtiaz A. Kazi urged the Malaysian investors to take full advantage of Pakistan’s investment friendly regime which according to the World Bank Report had placed Pakistan at 77th most business friendly country in the world in its annual ‘Ease of Doing Business’ report.
Furthermore, recent reforms introduced by the government has helped Pakistan to win the second most business friendly location in South Asia only after Maldives.
He said Pakistan with its Geo Strategic location as a gateway to the rich Central Asian States and financially stable Gulf states, English speaking workforce, with a large pool of trained and experienced engineers, bankers, lawyers and other professionals, fast growing economy and vibrant and stable capital market has made Pakistan destination of choice for foreign investors.
He urged the Malaysian investors to invest in agriculture, automobile, health and pharmaceutical, housing and real estate development, infrastructure, IT and telecom. light engineering, minerals, oil and gas, power and sugar and textiles sectors.
He also assured fullest cooperation of the High Commission for Pakistan in Malaysia to the prospective Malaysian investors in their investment venture in Pakistan.

Associated Press Of Pakistan ( Pakistan's Premier NEWS Agency ) - Malaysia investment to Pakistan reaching US$ 216.14 Million