ISLAMABAD, Sept 20: Deliberations are under way to finalize an agreement between Pakistan and Brunei for establishing a joint investment company for the promotion of bilateral trade under a memorandum of understanding signed during Prime Minister Shaukat Aziz’s visit to Brunei in May 2005.

According to a press release issued by the Board of Investment, a meeting in this connection was held here on Tuesday between BoI Chairman Waseem Haqqie and a high-level delegation from Brunei Darul-Salam, headed by Dr Haji Mohammad Amin Abdullah, Managing Director of Brunei Investment Agency.

The two sides discussed details of the MoU and draft of the proposed agreement forwarded to the government of Brunei. The areas identified for investment include industrial manufacturing and non-manufacturing sectors, financial services and marketing of products.

Earlier, Mr Haqqie apprised the delegation of the existing investment facilities and policies of the government of Pakistan. He informed the delegation about the potential of investment in the buoyant stock markets, besides such sectors as telecommunications, automobiles, information technology and infrastructure. The delegation appreciated the fast growing economy of Pakistan with an ever increasing potential of foreign investments.