Sindh Board of Investment (BoI) Chairman Zubair Motiwala on Thursday invited Malaysian investors to come to Pakistan and explore possibilities of investment and joint ventures in Sindh because of its “thriving industrial base, natural resources, well developed infrastructure, competitive human resource, two major ports, sophisticated communication network, modern financial and services sector and investor-friendly policies”.
“We assure you that you would get the most promising destination for business and investment in Sindh,” he said while addressing a roundtable discussion attended by more than 30 business leaders and investors in Kuala Lumpur, read a statement.
Pakistan High Commissioner to Malaysia Shahid Kiani and Pakistan’s honourary investment counsellor in Malaysia Datuk Salim Fateh Din were also present.
Motiwala said Sindh being the second largest province of Pakistan was playing a pivotal role in national economic and development agenda. He said the province had the country’s largest port city in Karachi and comprised 23% of Pakistan’s population and 18% of its land area. “With 23% of country’s population, its contribution to the national GDP is around 33% while the province collects 70% of Pakistan’s income tax and 62% of sales tax,” he said. He said Sindh had also emerged as a hub of business and investment opportunities because of its rich natural resources.
“Its competitive advantage rests on its strategic location as major seaports, along with its extensive industrial infrastructure, 350 km long coastline and the potential to generate renewable energy, abundant fertile land, plenty of agricultural, natural and mineral resources, better educational system, a young and educated workforce and a politically strong and stable government had given the impetus for some of the world’s leading multinational corporations to set up base in Sindh,” he said.
