Malaysia's Mahathir Mohamad presented guard of honour at PM House

Malaysian Prime Minister Mahathir Mohamad, who is on a three-day visit to Pakistan, was presented a guard of honour at the Prime Minister House on Friday.

A smartly turned out contingent of the armed forces presented the guard of honour to the visiting dignitary as he arrived at the PM House. National anthems of both the countries were played on the occasion.

The Malaysian premier is visiting Pakistan at the invitation of Prime Minister Imran Khan. Prime Minister Mohamad will be the guest of honour at the Pakistan Day Parade on March 23.

PM Imran and his Malaysian counterpart will hold talks on the entire gamut of bilateral relations today. The one-on-one meeting between the two prime ministers will be followed by delegation-level talks in which both the sides will discuss ways and means to further bolster their relations.

Chief Executive Officers (CEOs) of industries from Malaysia who wish to invest in Pakistan’s automobile and telecommunications sector will also hold a round table conference. The two prime ministers are expected to speak at the round table conference.

During his visit, the Malaysian prime minister will also meet President Arif Alvi.

Pakistan expects investments of US $900 million during the Malaysian prime minister’s visit of the country.

“Around $900 million investment is expected on Malaysian Prime Minister Dr Mahathir Mohammad’s visit of Pakistan," Prime Minister’s Adviser on Commerce and Textiles, Industries and Investment Abdul Razak Dawood said while addressing press conference along with Chairman Board of Investment (BOI), Haroon Sharif.

The investments would come in different sectors of the economy including telecoms, Information technology and food, he added.

Dawood said Pakistan and Malaysian companies would sign agreements of joint ventures (JVs) worth millions of dollars in telecommunication, technology, automobiles and ‘Halal food sector.

Around 30 Malaysian business giants including leading telecoms and automobile manufacturing companies of the Asian region like eDoctco group, and PROTON Holdings would exchange Memorandum of Agreement (MoUs) with PMCL, Deodar pvt. Ltd, Telenor Pakistan, CMPak and with PROTON Holdings in automobiles sector.

The adviser said Pakistan and Malaysia would be interested in promoting business to business relations and would also strengthen ties between the private sectors of both countries for tapping investment opportunities.

 

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