SBI, KATI strike deal to boost govt-business community ties


KARACHI: Sindh Board of Investment (SBI) and Korangi Association of Trade and Industry (KATI) signed a memorandum of understanding (MoU) on Friday to strengthen the relations and partnership between the business community and Sindh government for promotion of investment opportunities in the province.

KATI President Masood Naqi and SBI Director General Manzoor Ali Shaikh were the signatories while SBI chief Naheen Memon witnessed the signing.

Members of the managing committee of KATI, including Abdul Haseeb Khan, Syed Farukh Mazhar, Zubair Chaya, Umer Rehan, and other members of the managing committee and the association were also present on the occasion.

Naheed Memon said that Sindh government was using all possible means for boosting local and foreign investment and trade in the province with an ultimate objective of socio-economic uplift of people.   She said SBI had focused on the provision of maximum facilities to the investors and a facilitation centre would be set up at the SBI office, Karachi. The centre would provide quick and standard services under one roof to the investors, who would be linked electronically.

“For instant response, we want to resolve the business community’s issues online,” she asserted. SBI chief invited proposals from the KATI leadership and advised them to apprise him of their requirement along with their feedback on the investment-related policies so that more practical steps could be taken on this account.

Earlier, KATI President Masood Naqi and other representatives briefed the SBI chairperson about trade and industry issues.   She assured that Sindh government was working on infrastructure development in the industrial estates. Under this move, she added, it had approved funds for the repair and up-gradation of the roads in Korangi industrial area.