KARACHI – Sindh Chief Minister Syed Qaim Ali Shah, presided over the third meeting of Sindh Board of Investment (SBI), an official statement notified. Speaking on the occasion, the chief minister stressed the need to extend incentives and facilities to attract the greatest number of investors to invest in various projects in Sindh province.
He said that there is vast scope for investment in various sectors particularly in coal mining, power generation, wind energy, trade development and Halal marketing with the need of hour being that the board members should play a vital role in the improvement of the investment atmosphere in the province. With regard to the subject of electricity, the Sindh Chief Minister said that electricity is not a federal subject and it is now under the purview of Council of Common Interest (CCI) after the passage of 18th Amendment.
He informed the BOI that the tariff will be got approved from CCI and further said that the CCI is the best forum to plead, present and approach the case. It was also decided to form various committees headed by members of the Board. The meeting was informed that a Seminar on Livestock, Dairy, Fisheries and Poultry will be held on February 7 and 8 at Karachi Expo Center. Earlier, Sindh Secretary Investment Muhammad Younus Dhaga, in his presentation said that Sindh Board of Investment has to work on new avenues for power generation and agro-processing.
He also submitted progress on Memorandum of Understanding on Sindh Investment Conference 2010, which included MoU with Iran-Pakistan, MoU with AZUR SOLAR of Germany, MoU with Trans Atlantic, MoU with PASDEC, MoU with Zarai Taraqiati Bank and SBL and PHDIC- MoU for Dates Processing Plant.
