The Malaysian side invited the delegation of Water and Power Ministry, including NPCC and Nespak for submission of their proposals for awarding contracts and signing of memorandums of understanding (MoUs).
The Malaysian minister said that the investors of his country were planning to invest in power sector. He also underlined the need to enhance bilateral relations.
Earlier, Jatoi welcomed the Malaysian minister and said that there was a potential for foreign investment in power and other sectors.
APP adds: Pakistan and Malaysia have agreed for mutual investment in power, water, construction and electricity transmission sectors and to reduce current trade imbalance between both the countries.
Malaysia also offered Pakistan to participate in the international bidding projects to further strengthen economic ties.
He said that Malaysia is willing to reduce trade imbalance with Pakistan and would offer development projects in Malaysia to public and private sector of Pakistan.
The water and power minister also offered the Malaysian minister to participate in the international tenders for Uch power project (400MW), Faisalabad power project (450MW) and Chichuki Mallian (350-400MW) projects and seven raw hydropower projects.
He also stressed upon the need for joint venture projects in various other areas. While briefing the delegation about investment policies, power policy 2002 and recently simplified procedure for investors in the power sector, he said that Pakistan is viable for investment.