Sindh rich in investment opportunities: SBI chairmanSeptember 12, 2013
KARACHI: Chairman Sindh Board of Investment SBI, Muhammad Zubair Motiwala, has said that Sindh province has lot of investment opportunities in the sectors of Alternate Energy, Infrastructure development, Resorts development, Mass Transit, Circular Railway and Thar Coal, and for that Sindh government had offered favourable incentives to the foreign investors.
These views were expressed by him in meeting with German Counsel General Dr Tilo Klinner in the office of Sindh Board of Investment. Speaking at the meeting, Dr Klinner urged the German investors to take full advantage of the bilateral investment treaty which would paved ways for sovereign guarantees for foreign investment in Pakistan, he added that with foreign investment and advance technologies, Pakistan could not only feed its regional partners but also help in supply to different countries around the world.
Consul General emphasized over the need of deep and extended ties between Pakistan and Germany. He said that Germany was ready to assist Pakistan in all sectors through investment and technology. Motiwala said that Marble City Project would have remarkable investment and growth potential for entrepreneurs being based on high end technology, innovation and services in Stone and Granite Sector of Sindh province.
Motiwala also informed that Sindh government through Sindh Board of Investment had already procured 300 acres of land near Northern Bypass for the development of a state of the Art Industrial Enclave to boost the economic activities in this underdeveloped sector with more job to be created.
He further elaborated about Education City and informed that Sindh is a rich province in natural resources. Around 60% of the country’s oil fields and 44% gas fields are located here and contributes 56% oil and 55% of Pakistan’s daily gas production. He also informed Muhammad Zubair about the current project in pipeline such as education city, marble city etc.
Motiwala further elaborated about Sindh Enterprise Development Fund SEDF and said that Entrepreneurship Development Program is an initiative of SEDF to create capacity in the educated youth of Sindh for self employment and also to utilize the untapped resource base of agriculture of Sindh to its optimum capacity. In SEDF Small and Medium Enterprises are given subsidy on loan by Banks to their projects, where KIBOR part of the loan is paid by Government of Sindh, which has helped stimulate micro economy.