CM invites Austrian investors to enjoy tax holiday in Pakistan

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Sindh Chief Minister Syed Qaim Ali Shah has invited public and private sectors of Australia to avail investment opportunities and lucrative incentives of tax holiday and other facilities in Sindh.

The chief minister offered this while talking to High Commissioner of Australia Peter Heyward who called on him at CM House on Monday. Speaking on the occasion, the chief minister said there were lot of opportunities of investment in Sindh which included investment in coal, wind based power generation, education sector, specially at education city in Karachi, agriculture development and export of agro products.

He said Sindh was blessed with huge qualitative coal reserves at Tharparkar, and agriculture sector had a good potential of investment. He said a number of countries had expressed their interest of investment and they had signed MoUs with many of them. He said some countries had also started their working in power generation projects.

The chief minister said the Sindh government would welcome any investment from public or private sectors of Australia and even they were ready to provide the platform of public-private partnership mode of investment just to build the confidence of the companies intend to invest.

While talking about the security problem, the chief minister said that after launching targeted operation against the terrorists, kidnappers, target killers and extortionist, the overall law and order situation had improved significantly.

He said the problem of law and order in some parts of Karachi had been created because of arrival of influx of people in Karachi after Sawat operation in 2009, adding that many of them did not go back but stayed in Karachi.

The Australian high commissioner expressed his interest in investment in coal-based energy power projects, agriculture development and import and export of agro products like mangos.