Agreement On Promoting Investment In Pakistan
By Kartika Rahman
20 March 2006
Bandar Seri Begawan - A joint Venture Agreement between Brunei Investment ’ Agency (BIA) and the Government of The Islamic Republic of Pakistan was signed yesterday at the Empire Hotel & Country Club, Jerudong.
Signing on behalf of the BIA was Dr Hj Mohd Amin Liew Abdullah, BIA’s Managing Director, while Khalid Saeed, Secretary Economic Affairs Division, signed on be half of the Government of The Islamic Republic of Pakistan.
The objective of this joint venture is to promote investment in Pakistan. The local scope of this agreement lies in the fostering of business relationships between the two countries.
In an interview, Khalid Saeed said that the Joint-Venture Agreement signifies the formation of a joint investment company between the Brunei Investment Agency (BIA) and the Government of The Islamic Republic of Pakistan.
Both sides will contribute to equity, and undertake and finance projects in the industrial area. He noted, "This closer collaboration will lead to mutually, positive and profitable ventures."
"With a common religion and similarities in culture, it is hoped that these commonalities will be the foundations of economic and commercial collaborations," he said. — Courtesy of Borneo Bulletin