Sindh inks MoUs worth $2b with Scottish firms

'Pakistan is open for investment'.


Our Correspondent July 11, 2012

KARACHI:


A delegation of the Sindh government signed several memorandums of understanding (MoUs) worth $2 billion with different business houses in Scotland, on Tuesday. The delegation was led by Governor Dr Ishratul Ebad and comprised federal and provincial ministers.


Speaking to The Express Tribune, Minister for Youth Affairs Faisal Subzwari said the aim of the delegation was to let the world know that, “Pakistan is open for investment”. Contracts were signed between Scottish business groups, the Government and Port Qasim Authority, KPT, Karachi Metropolitan Corporation and Karachi Water & Sewerage Board. These included solid waste management, a sewerage treatment plan, and a de-salination programme which would provide 100 million gallons of water per day.

Published in The Express Tribune, July 11th, 2012.

COMMENTS (6)

academic | 11 years ago | Reply

Desalination is a very inefficient and extremely power intensive method of delivering water for drinking needs. There are much cheaper options that should be exploited first. Waste management is definitely the correct step and extremely needed in Karachi.

Balma | 11 years ago | Reply

Hate to sound old here, but there were tons of MOUs signed during previous PPP and PML governments. How many of them came through?

Still, congratulations. Hope these new MOUs come through.

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