LAHORE - A delegation comprising members of Pakistan International Business and Investment Council (PIBIC) and Royal Energy Partners from UAE visited Punjab Board of Investment & Trade (PBIT) and signed two MoUs with PBIT. The delegation was led by Javed Malik, Prime Minister’s special envoy for overseas investment.

PBIT and Royal Energy Partners UAE signed MoU according to which PBIT would facilitate Royal Energy Partner to initiate process for the development of 660MW coal fired power plant in Punjab. 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 highlighting the trade and investment opportunities in Punjab, internationally. Javed Malik, Prime Minister’s special envoy for overseas investment, and Jalal Hasan, Director General PBIT, signed this MoU. PBIT team shared and discussed various projects related to energy, agriculture and livestock during the meeting with the delegates.