Projects in Pakistan up for grabs

  • Business
  • Wednesday, 08 Nov 2006

ISLAMABAD: Malaysians have a chance to invest in several projects in Pakistan following several agreements signed on the sidelines of the recent three-day World Islamic Economic Forum (WIEF) here. 

Cabinet ministers who accompanied Prime Minister Datuk Seri Abdullah Ahmad Badawi here said there were also some on-going negotiations to increase trade, exports and services with Pakistan. 

Works Minister Datuk Seri S. Samy Vellu said Malaysia had asked for its companies to build the Rawalpindi and Karachi ring roads and an elevated junction, which would cost around US$55mil (RM200mil). 

“We have submitted the names of 12 Class A contractors from Malaysia, and they will compete for projects in Pakistan organised by the Asian Development Bank,” he told Malaysian journalists on Monday. 

His ministry had also submitted a request to construct a light rail transit system in Karachi. 

Plantation Industries and Commodities Minister Datuk Peter Chin Fah Kui said the Sind province government had asked Malaysia to provide technical advice on building a palm oil mill. 

International Trade and Industry Minister Datuk Seri Rafidah Aziz said the countries had finalised a draft for a joint free trade agreement.  

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Next In Business News

September exports hit record monthly high of RM110.73bil
Weak regional sentiment hastens Bursa decline
Ringgit depreciates as investors await Budget 2022
Quick take: REDtone takes a breather after price surge
Quick take: PMB Technology shares down on profit-taking
Pullback deepens as regional anxieties weigh
Quick take: Salcon rises on contract from Gamuda Land
Analysts share mixed views on Sime Property land purchase
Trading ideas: Salcon, SCIB, Seni Jaya, Kanger, K-One
Visa beats profit estimates on travel and online spending boom

Others Also Read