Luring investment: Sindh CM stresses on homework

CM says many foreign firms (Chinese, Turkish, Japanese, Malaysian) have expressed keen interest in investing in Sindh.


Our Correspondent August 19, 2014

KARACHI:


Sindh Chief Minister Syed Qaim Ali Shah has directed his officials to identify sector-wise projects in order to bring in foreign investment.


While presiding a meeting at CM House, he said many foreign firms (Chinese, Turkish, Japanese and Malaysian) have expressed keen interest in investing in Sindh.

“We are expecting a big chunk of investment in the near future, therefore, I ask you to complete your ground work and showcase sector-wise potential of investment to the interested foreign companies,” he said

“The government must promote local and foreign investment, especially concerning coal-based power projects, exploitation of mineral resources, mass transit projects, communication and industrial development.”

The minister said that Sindh was a province rich with natural resources and had great potential for investment. “The diplomats and executives of various countries including China are taking keen interest and approaching me for investments. This increased interest is the result of our incentives, investment-friendly policies. There has been a remarkable improvement in the law and order situation of the province which has further attracted foreigners.”

Advisor to CM Syed Murad Ali Shah, Chief Secretary Development Muhammad Wasim, Secretary to CM Alamdin Bullo, Finance Secretary Sohail Rajput, Secretary Energy Agha Wasif, DG Board of Investment Riazuddin Qureshi and other officers attended the meeting.

Published in The Express Tribune, August 19th, 2014.

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