Qaim lures investors for Karachi bus project

The Morocco minister showed keen interest in the development of the BRT.

Chief Minister Sindh leads the Pakistani delegation at the Annual Investment Meeting in Dubai. PHOTO: PR

KARACHI:


Promising his government’s complete support, Sindh Chief Minister Syed Qaim Ali Shah on Tuesday invited foreign investors to invest in Karachi’s proposed Bus Rapid Transit (BRT) project as well as in agriculture and excavation of mineral resources.


Shah was leading the Pakistani delegation in fourth consecutive event of Annual Investment Meeting-2014 (AIM), held at International Convention and Exhibition Centre in Dubai.

After the formal inauguration of the event by the ruler of Dubai, the Sindh CM visited the stall of Sindh at the exhibition. He along with other members of his delegation also met with Morocco’s Minister of Equipment and Transport Aziz Rabbah and discussed with him different areas of investment, particularly in the development of transport facilities in Karachi.


Shah briefed him about the Sindh government’s BRT project, which will initially start on 3 corridors, extending to 70 km and provide international quality transport services to the people of Karachi. The Morocco minister showed keen interest in the development of the BRT and assured to send a high level delegation to Sindh.

The CM also met with Namibia’s Deputy Minister Tjkero Tweya (MP) and discussed avenues of research and development in the agriculture sector. Pakistan’s delegation also had a meeting with Malaysia’s official Datuk Amar Haji Awang Tengah Ali Hasan and Indonesia’s Investment Coordinating Board chief Mahendra Siregar to discuss various areas of mutual cooperation.

This AIM event is being held from April 7 to 10. This fourth edition of AIM is aimed to evaluate vast investment opportunities in emerging markets and to offer potential high rates of return in an increasingly secure and stable environment.

Annual Investment Meeting (AIM) -2014 is a forum where more than 100 countries are in attendance to boost Investment and coordination in their areas of interest.

Published in The Express Tribune, April 9th, 2014.
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