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).
Malaysia also offered Pakistan to participate in the international bidding projects to further strengthen economic ties. The Malaysian minister said that investors from their country are planning to invest in power, agriculture and other potential sectors.
He said that both the countries enjoy close and friendly relations and underlined the need to enhance bilateral relations.
He added that Malaysia is willing to reduce trade imbalance with Pakistan and would offer development projects in Malaysia to public and private sector of Pakistan.
Earlier, Jatoi warmly welcomed the Malaysian delegation and appreciated Malaysian investment in Pakistan. The minister said that there was a great potential for foreign investors to make profitable investment in power and other sectors.
He offered the services of Nespak and NPCC in the field of planning and construction of large, medium and small dams, development of irrigation network and its proper operation and maintenance, training of engineers in the field of water resources, planning development and management.
The 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.
The Malaysian side welcomed the offer extended by the minister and showed interest in power generation. The delegation also discussed the issues relating to Liberty Power Project and asked their early finalisation.
Jatoi assured to resolve all issues on priority basis and directed the Private Power Infrastructure Board (PPIB) to submit details for taking decision through mutual understanding.