STAFF REPORT LHR:A delegation comprising members of Pakistan International Business and Investment Council (PIBIC) and Royal Energy Partners from UAE has recently visited the Punjab Board of Investment and Trade (PBIT) and signed two MoUs with PBIT.
The delegation was led by Javed Malik, Prime Ministers special envoy for overseas investment, says a press release issued here.
Both the sides signed the MoU according to which PBIT would facilitate Royal Energy Partner to initiate process for the development of 660MW coal fired power plant in Punjab. The UAE based Royal Partner Energy would invest in energy sector of Punjab and PBIT would help investors in execution of this project. PIBIC also signed a memorandum of understanding with PBIT for establishing goodwill and internationally highlighting the trade and investment opportunities in Punjab.
Javed Malik, Prime Ministers special envoy for overseas investment, and Jalal Hasan, Director General PBIT, signed this MoU.
On the occasion, the PBIT team shared and discussed various projects related to energy, agriculture and livestock during the meeting with the delegates.