October 24, 2013
The Chief Minister Sindh had a meeting with the president of Dongfang Electric Corporation (DEC) and his top management in his head office in Chengdu. The DEC is one of the top leading companies having expertise in the power generation through hydal,tidal,wind,solar and coal. Besides, this company is leading in the production of machinery and equipments related to the production of electrify .
In the meeting, the president of DEC, Mr.SI Zefu acknowledged the potential and resources in Sindh available for the production of power and showed immense interest in the investment in Sindh province particularly in the production of electricity by hydal, solar, wind and coal.
The desire of the Chief Minister Sindh to untap the resources of coal in Thar and production of power by utilizing Thar coal and establishment of coal power plan was positively responded by the president of DEC. The president of DEC not only accepted the offer of the CM Sindh to send delegation to visit Sindh and to come to an agreement for the mining of one of the blocks of the Thar coal and to generate power for the coal after mining. The CM Sindh appreciated the DEC for the establishment of Lakhra power plant, Ghazi Barotha plant and Nandipur power plant.
In an another meeting with the chairman of Sichuan Hejia Seed Industry Co, Ltd; the CM Sindh was briefed about the initiatives taken by the company for the development and introduction of hybrid seeds in the wheat, rice, cotton and different fruits. The chairman unleashed the company’s efforts of pre and post harvest techniques for the greater high yield production per hacter in the field. The company showed interest in the joint venture in the R&D, establishment of Control Atmosphere cold storages and up gradation of Agriculture labs in Sindh. The CM Sindh appreciated the efforts and achievements of the company in the field of R&D , introduction of different varieties of seeds and techniques for the better yield of Agriculture produces. The CM Sindh invited the delegation of the company to visit Sindh for detail deliberation and future joint venture in the different areas of hybrid seeds production, training to farmers for high yield and collaborate with private stake holders for establishment of control atmosphere cold storages at Agro Export Processing Zone in Karachi. The Chairman accepted the offer of the CM Sindh and committed to visit Sindh with high power delegation for the said activities in joint venture.
October 23, 2013
The Chief Minister Sindh Syed Qaim Ali Shah participated in the Western China International Cooperation Forum alongwith the Governor Generals of Canada and Australia, Presidents of Macedonia and Belarus, Prime Ministers of Tanzania and Mongolia and ex Premier of France. The leaders resolved to pursue balanced Growth alongwith sustainable development. The Chief Minister also visited the Pakistan pavilion at the Western China International Fair where some 70 enterprises from Pakistan showcased the products. The local Changdu TV news channel named Changdu CDTV and China Radio International interviewed the Chief Minister by the side line of Cooperation Forum proceeding.
The Chief Minister visited the state owned Sichuan Textile Import Export Corp. where he invited Chinese Textile Companies to set up textile units in case of relocation to the Textile City being developed in the Port Industrial Area. The Director General Textile informed cotton and textile related trade between Pakistan and Sichuan is not as per its potential and needs to be augmented. The Chief Minister Invited them Karachi which is a major hub of textile units and assured them maximum support for boosting trade tied between the two regions and find out avenues for mutual cooperation between Sichuan Textile Import & Export Corp and APTMA of Sindh, Pakistan.
Various Business Groups of Sichuan province called on the Chief Minister which included Changhong Electric Co., New Hope Dairy and Biomass Institute of Ministry of Agriculture. The Chief Minister invited the Business Houses to explore investment opportunities that the province offers and undertake investment in Sindh.
M/S Changhong informed that they already have a assembly unit in Pakistan and are considering to expand their product and would positively consider Sindh as a destination for their expansion Project. The Chief Minister formally extended invitation to them to visit Karachi during their next trip.
The Chief Minister informed BIOMA that Sindh Province has great potential for developing biogas based energy which is a cost effective solution for providing electricity in the rural areas. He suggested that BIOMA may collaborate with Agriculture University Tando Jam to provide an institutional platform for the purpose. He informed that the government is already pursuing two projects namely Landhi Cattle Colony Biogas Project and Agro-waste to energy project in Khairpur. BIOMA has already provided training to 10 personnel from Punjab in this field.
Formal invitations were extended to New Hope Dairy and BIOMA to visit Sindh with the objective of investing in the dairy and related Biogas projects respectively.
October 22, 2013
A high powered delegation led by Syed Qaim Ali Shah, Chief Minister Sindh visited Chengdu to participate in the 14th Western China International Fair. The Chief Minister is accompanied with Secretary Finance, Secretary Coal, Secretary Energy and DG Sindh Board of Investment to seek Chinese investment in development of Thar Coal mining and coal based power generation, development of Wind Corridor and technical assistance in modernizing agriculture.
Mr. Li Jiaguo, Deputy Secretary General of Sichaun Provincial People’s Government hosted a banquet lunch in honour of the Chief Minister and the delegation. The Chief Minister invited the Deputy Secretary General to visit Sindh province. He invited Chinese investors to take advantage of the immense investment opportunities that the province offers to foreign investors.
Mr. Li Jiaguo informed that Sichuan province has a strong economy with a GDP of USD 383 bn. He informed that Sichuan province has robust agriculture & water Management, strong mining technology coupled with high tech industry in Chengdu. He assured all possible support to the provincial government for collaboration in these areas.
The Chief Minister met the Sichuan Province Governor Mr. Wei Hong who welcomed the delegation. He thanked the Chief Minister for sending out relief goods during the earth quake that hit Chengdu in 2008 and informed that Sichuan province can collaborate with the Sindh province in the areas of Mining, agriculture and water management. The Chief Minister extended formal invitation to the Governor to visit Sindh to which he assured to consider positively. The Chief Minister reiterated the Governor to consider investment in Thar Coal Mining, coal and wind based power generation. The Governor informed the delegation that Western China International Fair has emerged as the most important event to showcase Western China to the world and is participated by 72 countries and regions and 28 domestic provinces.
Later the Chief Minister visited the Hi-tech Industrial Zone in Chengdu which ranks 5th among the 53 national hi-tech zones in China in terms of comprehensive strength. It aims to position Chengdu as an equally modern Business Center and High-end Industrial town.
October 11, 2013
Muhammad Zubair Motiwala has said that Sindh is blessed with enormous natural resources which invite attention of local and international investors adding that natural resources can play pivotal role in the development of province. Mr. Motiwala who rendered resignation from the slot of Chairman Sindh Board of investment the other day was addressing a farewell arranged in his honor at the SBI office here on Friday. Mr Muhammad Zubair said that efforts should be accelerated to utilize these resources for the welfare of people. He said that he worked with dedication to encourage foreign as well local investment in the province so as to create more job opportunities during my four and half year tenure. Speaking on the occasion Director General SBI Muhammad Riaz lauded the services of Mr. Motiwala and said that his able leadership and un-tiring efforts has enhanced the image of Sindh Board of Investment that will be remembered for ever. On behalf of staff members, he thanked Mr. Zubair Motiwala and presented souvenir to him in recognition of his services. CEO Sindh Entrepreneur Development Funds Mehboobul haq , Director Projects Abdul Azeem Uqailee , Director (Admin) Abrar Ahmed Shaikh, Deputy Director Public Relations Faisal Farooqui and Personal Assistant Zubairuddin Qureshi also spoke on the occasion .
October 8, 2013
A delegation of leading Russian Businessmen paid a courtesy visit to Sindh Board of Investment during their 6 day visit to Pakistan, led by president of Pakistan-Russian Business Forum, Mr. Abdul Rauf Tabani.Three leading Russian Business Groups including GAZPROM INTERNATIONAL, SATURN GAS TURBINE &RMP Group representing hydrocarbon exploration, Gas Turbine Manufacturing and Railway Machinery assembling & construction respectively.
Mr. Zubair Motiwala, chairman SBI gave warm welcome to the delegation and repatriated historic deep rooted ties between the two’s. He said that Pakistan largest industrial complex Pakistan Steel Mills is the exemplary initiative of cooperation between Pakistan & Russia, he welcomed the Russian counterparts to invest and extend business relation to advance level n future. Chairman sbi gave detailed presentation to the delegates encompassing the opportunities available in this region of Indus valley. Focusing on Thar coal he said that Sindh is blessed with world class coal reservoirs with international verification and offered full facilitation for swift materialization of their intent to invest in Sindh.
Russian delegates appreciated the investor friendly policies by Sindh Government and showed immense interest in revamping of Pakistan Steel Mills and aimed to collaborate in oil gas along with railway sector of Pakistan to enhance the quantum of trade between the two brother nations.
October 2, 2013
A five member team of technical experts of ADB’s mission in Pakistan headed by Ms.Yesim Elan, Principal Management Specialist visited SBI. The other members comprised of Mr.Benette Parton,ADB Consultant,Mr Shahzeb Ali, PRM ADB,Mr.Asanga Gunawasa, Consultant ADB & Mr. Richard Wong met Director General SBI,Mr.Muhammad Riazuddin.
The purpose of experts team visit is to sought after projects for maximum extension of ADB’s technical and financial assistance to Pakistan for the purpose of uplifting the socio-economic infrastructure development for both urban as well as rural are through promoting/enhancing capacity building of Public Private partnership mode of collaboration particularly in Energy sector particularly clean Energy projects for the future of Asia’s growth, Road networks, small medium enterprises and infrastructure development projects under the Guarantee Fund.
Mr. Muhammad Riazuddin appreciated and acknowledges the services and endeavors being rendered by the ADB in yester years and today for visionary implementation of support for the developing nations.
He reiterated that for every development provision of sustainable Energy is must and that can only be achieved when institutions like ADB, EU and other key political and financial institutions help Pakistan to develop. The ADB Team showed a great deal of interest to meet in future for forward linkages in order to seek resources from SBI to move ahead in future.
August 21, 2013
Muhammad Zubair Motiwala, Chairman Sindh Board of Investment has said that Marble City Project is being established in Karachi on 300 Acres to strengthen the Provincial Marble Sector. He further said that the zone will offer multiple opportunities for the Value Addition and Processing for Entrepreneurs Being Based on High End Technology, Innovation and Services. This he said while presiding 4th Board meeting of Sindh Stone Development Company at his office on Wednesday 21st August.
Mr. Zubair Motiwala who is also the Chairman of Sindh Stone Development Company (SSDC) which is developing the State of the Art Marble City has further said that the creation of this enclave will not only boost the export volumes from exiting $60 Million to a minimum $250 million. The Chairman SSDC said that it will also help bring in more FDI. He said Marble City is one of the priority projects of Sindh government and Sindh Board of Investment (SBI), through Sindh Stone Development Company is committed towards the successful materialization of this project at an earliest. Mr. Motiwala has said that a high demand exists in the international market for Pakistani marble but unfortunately it could not be satisfied due to dearth of modern technology among the existing players.
Mr. Arif Illahi, Secretary Industries & Commerce, a Director on SSDC Board has said that the procurement of land is a big achievement. He said that project needs to accelerated. He said that the the project is to be planned and executed on a detailed feasibility study. Mr. Zahid Hussain Memon, Secretary Mines and Minerals said that the establishment of the Project is good omen for this sector. He said that while establishing the Marble City, it is also important that the mining policies are also made entrepreneur friendly. He further said that the investors should be incentivized and facilities shall be provided for the granite and stone entrepreneurs of Sindh.
Director General, Mr. Muhammad Riazuddin, Sindh Board of Investment has said that the development of Marble city will not only create jobs but will also uplift the socio economic conditions of the surrounding areas. Mr. Haroon Rashid, Director, SSDC has said that the Marble City Project is a long awaited demand of the Local Marble Entrepreneurs. He said that a secure and enabling environment would facilitate in attracting the foreign investment from countries such as Italy, China and Turkey.
Earlier Director Projects, SBI, Mr. Abdul Azeem Uqaili SBI informed the forum the current status of the project. He said that the consultancy Firm has been engaged as per SPRRA rules. The Consulting Consortium will carryout will carry out the feasibility study with technical viability, transaction analysis, commercial development plan and other technical and transaction related activities. A presentation on project status and way forward was shared by the Consultancy Firm M/S Earnst & Young.
August 01, 2013
Chairman Sindh Board of Investment Muhammad Zubair Motiwala said that sindh province is looking forward for mutual cooperation with Turkish counterparts in different socio-economic uplifting projects including infrastructure development, Education, Tourism, Agribusiness value addition, Alternate Energy, Coal Sector, Waste to Energy, Aquaculture Farming and so forth. This he said in a call on meeting with the Consul General of Turkey in Karachi, H.E Mr. Murat Mustafa Onart.
The Chairman SBI informed to H.E Mr. Murat Mustafa Onart regarding current development projects at Thar. The provincial government has taken steps to provide the key infrastructure facilities at Thar Coalfields including establishment of an Airport, a lodge, a road from Karachi to Thar, improvement of Water Scheme, establishment of effluent treatment plants, upgrading of grid for evacuation of power, development of Reverse Osmosis Plants & many other development projects are also in development program.
Motiwala said Thar Coal Project was the key to Pakistan’s energy security and it would require continuous efforts both at Federal and Provincial levels to undertake this mega project. Thar is the only choice for the country to cater its energy needs on a long term and affordable basis.
On the occasion H.E Mr. Murat Mustafa Onart said Turkish Government is looking forward to be a part of Projects in Sindh and there is a huge investment potential which is immensely needed to be highlighted before the Turkish investors. The positive initiatives in terms of business and trade by the Sindh Government are ever welcoming to foreign investors; business chambers should fully indulge themselves to grab the maximum opportunities said Consul General of Turkey. H.E Mr. Onrat assured welcoming support to Sindh Board of Investment on behalf of Turkish Government. He also promised to bring a Turkish delegation of Coal sector to explore possibilities of Joint venture in Thar Coal.
Director General SBI Riazuddin, Director Admin SBI Abrar Shaikh and other officers of SBI were also present in the meeting.
July 26, 2013
Chairman Sindh Board of Investment, Muhammad Zubair Motiwala said that that Pakistan is the energy starved country and despite the huge resources like Thar Coal and Wind Corridor of Thatta, Pakistan have not been able to meet its bare minimum energy requirements. This he said while explaining to Chairman Federal Board of Investment, Muhammad Zubair about the opportunities available in Sindh Province for local as well as foreign investors.
He said that the technical specifications of the Lignite Coal at Thar, which is far better than the coal, which Turkey and some other countries have been using for power generation for last many decades. He requested Chairman BOI to lend all possible help required in term of tariff fixation, laying of grid from Thar to Jamshooro of 500 KVA which can enable the equation of 5000 MWs of power. It is already been approved at the federal level. Executive Committee of the National Economic Council (Ecnec) as also approved the project and above he requested for keen interest as only Thar coal can resolve energy crises of Pakistan. Chairman SBI also highlighted the possible modes of Investment by the foreign Investors that they can either join the existing on-going three projects as JV Partners or can come invest in the independent Thar Coal Block through the process of International Bidding. Chairman SBI also emphasized on the indigenous energy source of Coal and Wind, where lies the ultimate solution to the country’s energy crisis. He reiterated that for every development provision of sustainable Energy is must and that can only be achieved when institutions like ADB, EU and other key political and financial institutions help Pakistan to develop.
He further added that Sindh is a land of opportunities. Karachi is a commercial Hub of the Province of Sindh that attracts huge volumes of migrants from all over Pakistan, which has resulted many slum areas and shanty towns right in the heart of city. The increase in population increases the demands for modern living facilities mainly housing. Chairman Muhammad Zubair Motiwala explained that Province of Sindh is blessed with immense potential and there is a vast array for growth and space for social uplifting projects. He explained that Sindh is predominantly an agrarian society and more than 70% of population is stilled linked directly or indirectly with the agricultural produce, however we have failed to properly exploit this potential at its maximum capacity. He said that Pakistan has huge market both local as well as international level for value added agriculture produce, halal meat, fisheries, shrimp and aquaculture, fruit and vegetable processing and pulping and Cold Storage. Zubair Motiwala said that Sindh Government is also enthusiastically pursuing Khairpur Special Economic Zone for supporting the local industries especially dates processing, storage and packaging, which is the main and 1 vital crop of Sindh . Technical Training on modern lines, Research areas, financial frame works are the areas.
Muhammad Zubair Motiwala further 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
Muhammad Zubair 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.
At the end, Chairman BOI, Muhammad Zubair once again appreciated the efforts of SBI and invited SBI to conduct road show in Punjab and other part of the country. He said that he is really fascinated about the work of SBI. He further said that Sindh has the potential to resolve the energy crises of Pakistan. Now it is our responsibilities to work together for the betterment of Pakistan specially Sindh Province. He ensures his full support and cooperation in all projects of SBI.
Riazuddin, Director General SBI and other officers of SBI were also present in the meeting.
July 25, 2013
Chairman Sindh Board of Investment Muhammad Zubair Motiwala said that Sindh is blessed with enormous potential for Wind Energy resource which if tapped can generate more than 50,000 MW. Wind Corridor (Gharo- Jhampir) is 60 KM wide and 180 KM long with average wind speed of 7-8 meter/sec. This he said while presiding a meeting in the office of Investment Department, Government of Sindh.
Muhammad Zubair Motiwala said that government of Sindh has taken strong measures to unfold this opportunity and have so far approved 26 Wind Projects which will be commissioned within next one year and will generate of more than 1000 MW of energy. Muhammad Zubair Motiwala, Chairman Sindh Board of Investment shared that Chief Minister Sindh, Syed Qaim Ali Shah has in principle approved allotment of land for Fast Track Wind Power projects after the short order by the Honorable Supreme Court allowing power project allocation of land for Fast Track Wind Power Projects through investment under Renewable Energy Policy 2006.
Chairman, SBI said that efficient solution to energy crisis can only be achieved by encouraging investment in Renewable Energy Projects. He further elaborated that these projects plan to install more than 1000 mega watt of electricity in the wind corridor of District Thatta and Jamshoro. He further said that Sindh Board of Investment is simultaneously pursuing with Land utilization Department and in the result of that LU Department has issued directives to Deputy Commissioner Thatta to ensure personally that the personnel of Western Energy for establishment of 45 MW Wind Power project and Hydro China XIBEI Engineering Corporation for development of 100 MWs wind power project are fully facilitated in carrying out survey and other allied field studies for expeditious execution of the project in the mean while the land lease issue is resolved. He also advice to Western Energy to please contact to SBI , when and where required.
July 08, 2013
Chairman Sindh Board of Investment (SBI) Muhammad Zubair Motiwala has stated that SBI plan to organize a conference to promote foreign Investment in Sindh in coordination with TDAP. The conference will feature Oversea Private Investment Corporation (OPIC). The OPIC will present their financial services and products for various sectors of economy including Energy, Infrastructure, Agriculture and Value Addition. This he said while holding a meeting with senior officials of US Consulate at SBI here today to discuss the arrangements of OPIC conference, which would be held on July 18, 2013 at a local hotel in Karachi.
Muhammad Zubair Motiwala informed the US officials that energy is the top most concern of Pakistan’s economy at present. He further said that the huge reserves of coal at Thar which are already recognized by the world renowned institutions, OPIC can provide the financial assistance to coal based mining and power generation to overcome the energy shortfall in the country. The Chairman SBI informed the audience regarding current development projects at Thar. The provincial government has taken steps to provide the key infrastructure facilities at Thar Coalfields including establishment of an Airport, a lodge, a road from Karachi to Thar, improvement of Water Scheme, establishment of effluent treatment plants, upgrading of grid for evacuation of power, development of Reverse Osmosis Plants & many other development projects are also in development program.
Ms. Kara Babrawski, an Officer of US Consulate in Karachi elaborated the keys objectives of OPIC financing. She said that it provides medium- to long-term funding through direct loans and loan guaranties to eligible investment projects in developing countries and emerging markets. By complementing the private sector, OPIC can provide financing in countries where conventional financial institutions often are reluctant or unable to lend on such a basis. OPIC’s financing focuses on support to small, medium and large-scale projects ranging from US$ 250,000 to US$ 250 million of capital.
Ms. Babrawski further said that the the majority of OPIC’s financing is used to cover the capital costs (such as design/engineering services, facility construction or leasehold improvements, equipment) associated with the establishment or expansion of a project in a non-financial industry or to fund the expansion of lending capacity (such as microfinance, SME lending or mortgage lending) by a financial services provider.
DG, SBI, Muhammad Riazuddin, Director TDAP, Shahida Qaiser, CEO , SEDF, Mehboob ul Haq, Director Projects SBI, Azeem Uqaili, and others were also present on the occasion.
May 28, 2013
Muhammad Zubair Motiwala said that the provincial Government had initiated the development of an industrial zone dedicated to the agro industry which would have world class features, amenities comparable with any industrial zone in the international arena. The Chairman SBI said that the zone is being developed in Khairpur District as a Future hub for agro-processing and other related industries on a location strategically positioned for proximity to date growing areas, transportation links, and access to labor. This he said while presiding 11th meeting of Steering Committee of Khairpur Special Economic Zone (KSEZ) on 28th of May 2013.
Muhammad Zubair Motiwala, Chairman Sindh Board of Investment said that the Khairpur Special Economic Zone (KSEZ) project is being established to strengthen the agro economy is supplemented by a dedicated waste to energy captive power plant which would ensure an uninterrupted power supply to all the enterprises with in the zone.
CEO National Industrial Parks (NIP), Mr. Mohsin Syed said that his organization which has been engaged as the Project Management Unit to execute the project said that his firm is fully committed for speedy and quality materialization of all the work being carried out at the site. Mr. Syed informed the forum the progress on the Project. He said that construction work on Main Gate, Office, Other work in Package One is almost complete. Mr. Mohammad Abbas Baloch, Member Steering Committee said that KSEZ project would provide job opportunities and improve lively hood of local inhabitants.
Mr. Mohammad Riazuddin, Director General, Sindh Board of Investment has said that the progress on Captive Power Plant has been stopped due to an observation raised by the SPPRA. The issue has been resolved during a meeting which was chaired by the Caretaker Chief Minister Sindh. He proposed to NIP that the process of attracting an investor for the establishment of the Captive Power Plant shall be initiated again without any further delay.
The progress by NIP, contractors and other stake holders was reviewed in detail by the committee. On this occasion Director Projects, SBI said that subsequent to federal government the SEZ ACT 2012, the government of Sindh has notified the Special Economic Zone Authority Sindh which is headed by the Chief Minister Sindh. The Authority will work closely with Khairpur Special Economic Zone for grant of SEZ Status to this zone as it will guarantee the investors to receive a 10 years tax holiday and one time tax exemption on all capital goods / machinery.
Among the others meeting was attended by Project Director Capt. (R) Anwar-ul-Haq, Mr. Ghulam Mohammad Shaikh, Deputy Project Director, KSEZ, Mr. Muhammad Nawaz Shaikh, Mr. Sadaruddin Phulpoto, Representatives Finance, P & D, Local Government Departments, Government of Sindh along with National Industrial Parks and other stakeholders.
May 28, 2013
Muhammad Zubair Motiwala said that the United States Energy Company M/s AIC, LLC with leading British Virgin Island and Hong Kong based Energy Entrepreneurs has shown a keen interest to develop 2050 MW of wind and solar in Sindh, to which AIC is willing and able to commit up to an initial amount of $5 Billion of foreign direct investment into Pakistan. Muhammad Zubair Motiwala added that all the possible support, facilitation and information will be provided by Sindh Board of Investment, Government of Sindh on high priority. This he said while having a meet with delegation led by Mr. Abdullah Hashwani, Honorary Investment Counselor, Board of Investment, Pakistan for Canada is set to visit Sindh Board of Investment for investment opportunities in the Wind and Solar Power Generation in the Jhempir Wind Corridor, Thatta, Sindh.
The delegation would be comprised of a United States Energy Company M/s AIC, LLC with leading British Virgin Island and Hong Kong based Energy Entrepreneurs with extensive experience of developing renewable energy projects around the globe.
The US based company is working in partnership with Wisdom Associates Innovative Energy Limited in Calgary, Alberta, Canada and have shown a sincere interest in advancing and executing solar and wind projects.
This was stated by Chairman Sindh Board of Investment, Zubair Motiwala while presiding over a meeting of a review on wind power projects in the province.
April 16, 2013
Muhammad Zubair Motiwala, Chairman Sindh Board of Investment has 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 province. This he said while presiding a meeting of different stakeholders of Marble City Project at his office on Tuesday. Mr Motiwala who is also the Chairman of Sindh Stone Development Company has further said that the creation of this enclave will not only boost the export volumes but will also help bring in more FDI for this sector of the economy.
Director General, Mr. Muhammad Riazuddin, Sindh Board of Investment has said that the development of Marble city will not only create jobs but will also uplift the socio economic conditions of the surrounding areas, He further said a common facility and training center is proposed at the Marble City which will provide a platform to develop various skills amongst the unemployed people of that area.
Director Project, SBI informed the forum that the hiring of consultancy firm is in progress and the finalized consultancy firm will soon be completed as per SPRRA rules. The shortlisted Consulting Firm/Consortium will be required to carry out the feasibility study with technical viability, transaction analysis, commercial development plan and other technical and transaction related activities.
February 27, 2013
To help weak and leaning rice milling industry of Sindh, an up-gradation/BMR package has been devised by combining Kibor subsidy facility already being offered by Sindh Enterprise Development Fund (SEDF) with State Bank of Pakistan’s ongoing Refinance Scheme. Chairman Sindh Board of Investment Zubair Motiwala in a statement said this is the first phase for 100 mills to create win-win solution for the rice milling industry because if this industry falls completely, it may be almost impossible to pick it back up.
'State Bank of Pakistan (SBP) will extend credit finance to commercial banks for onward lending to rice millers at 6.25% payable to SBP,while 2.75% will go to banks as service charges/bank spread. SEDF will deposit 30% of the principal amount with SBP as credit guarantee and will earn a profit as well. Out of this, SEDF will pick up 6.25% due to rice millers and payable to SBP to support rice millers,' he elaborated. Rice millers, he adds, will only end up paying principal amount and 2.75% charges. It is worth adding that the scheme has been approved by the Board of Directors of SBI in its 6th meeting followed by a meeting of the appraisal committee.
'A range of benefits is expected from this scheme, as the income of farmers will increase by 20%. Other benefits include foreign investment, better repute in the world market, capturing of untapped products like the rice bran oil, end of miller dependency, strengthening of rural economy and so on,' he added. It pertinent to mention that over 800 rice mills in Sindh are providing direct employment to 50,000 individuals with deep backward linkages with half of million (0.5 million) growers. The industry however is facing two serious challenges; bad conditions and old technology. Mill owners on average make Rs 2500 per 100 pounds because millers can only do periodic maintenance rather than up-gradation. This is resulting in narrow margins for them because of high costs, efficiency loss (30% breakage ration) and the profiteering of middlemen in the form of a dozen or so exporters based mostly in Karachi.
The breakage ration is unprecedentedly high because of dilapidated mills and poor quality hybrid seeds being imported from china. Millers are in the clutches of a vicious cycle, and since they operate on the margins, they are particularly vulnerable to adverse external shocks like recent floods and other natural disasters.
'Rice milling industry desperately needs a support package to be able to escape this vicious circle. A rice mill can be upgraded completely with the injection of Rs 7 to 10 million using a combination of Chinese and Pakistani made components. ,' said Chairman SBI. It is to be noted that three types of rice plants exist in Sindh: husking mills (rice paddy fed and husk removed from grain with some polishing); reprocessing mills (rice from husking unit fed and further processed for export quality rice); and parboiling plants (rice paddy fed directly and boiled at different temperatures according to rice varieties and then processed to create a yellow-coloured, high quality, nutritious rice).
February 23, 2013
Acting governor Sindh and speaker Sindh Assembly Nisar Ahmed Khoro has said that Sindh has a lot potential in agro-based sectors and it is the need of the hour that local and foreign investors should be invited to invest in these sectors because seventy per cent of the population of Sindh belongs to agriculture sector. This he said while addressing as chief guest in the Livestock, Dairy, Fisheries, Poultry, Agriculture and culture Exhibition (LDFA-2013) at expo center Karachi here on Saturday. On this occasion a cheque Rs. 300 million was given to Dy. Governor State Bank for Balance Modernization and restructuring scheme for Rice Husking Mills in Sindh. The farmers of the province can borrow soft loans from National Bank of Pakistan, Sindh Bank, Allied Bank Limited, HBL, UBL and MCB bank.
He said that we should try to find out international markets for these agro-based products to earn foreign exchange, we could not find international markets due to low quality products. Our country has been bestowed with the countless resources by the nature, but we have wasted last 12 years and we could not make the most of the coal reservoirs we have in Sindh.
While addressing the occasion chairman Sindh Board of Investment Muhammad Zubair Motiwala said that rural areas of Sindh have immense potential for investments and utilizing these opportunities not only influx to cities could be stopped but the there could also be generated employment opportunities. He stressed upon using modern technology in agriculture sector and urged private sector to tape the potential of Sindh. He said, having overcome the dearth of water, improving infrastructure, creating awareness we could enhance our growth rate in livestock, dairy, fisheries, agriculture and other agro-based sectors. He said Government offers huge opportunities to investors to attract them in these sectors and SBI provides financial and technical assistance as well. Zubair Motiwala, expected that the current exhibition and seminar LDFA-2013 would generate at least one billion rupees of business contracts.
On this occasion Minister of Livestock Agha Taimoor said that it was a matter of pleasure that Sindh was being brought investment and proper progress was not possible without export. Addressing to the seminar ex Secretary SBI Younus Dhaga highlighted the achievements of SBI during four years. He said that it is the need of the hour that project financing was much needed in untraditional sectors and lack of understanding must be removed in these agro-based sectors. Director General SBI Riaz-uddin, while briefing about the objectives of the seminar, said that Sindh vibrant economy has come of age and needs to be promoted and to provide solutions to the investors. He briefed that SBI promotes upstream and downstream conditions and utilizes untapped potential. Deputy Governor State Bank of Pakistan Qazi Abdul Muktadir assured the investors legal protection and emphasized to harness the potential in agriculture sectors in Sindh and SBP would provide finance on reduced rate.
On this occasion Minister for Rehabilitation Muzzafar Shijra, KCCI president Haroon Agar, Sindh Bank president Bilal Sheikh, foreign diplomats and large number of businessmen and investors were also present. Research papers on livestock, dairy, fisheries, poultry and other agriculture sectors were read and in this exhibition flower show, bird show, horse and cattle show, dog show, horse and cattle competition and prize distribution ceremony will be held as well.
February 22, 2013
Chairman Sindh Board of Investment Muhammad Zubair Motiwala while addressing the press conference about the arrangements made for livestock, dairy fisheries, poultry, and agriculture exhibition (LDFA-2013) has said prudent policies of the government have created new investment opportunities in Sindh.
He further said that with every passing day the province is emerging as a top choice for foreign and local investment including relocation of industries from the developed economies. “The LDFA-2013 to be held at Karachi Expo Center on February 23-24 will open up new avenues of investment in this very important sector of the country,” he added.
Muhammad Zubair Motiwala also highlighted that SBI facilitates by offering the potential investor viable projects with basic technical knowledge. Through Sindh Enterprise Development Fund, the government of Sindh has established a credit assistance window where the idea is to work closely with financial institutions and subsidize the interest rates for attracting investment in the agro-based industries to support rural economy of the province.
Chairman SBI said the agriculture, livestock, fisheries, and culture departments of Sindh government are working closely with Sindh Board of investment (SBI) and Karachi Metropolitan Corporation to organize this grand exhibition. They have made special arrangements to organize seminar, horse and cattle show, pet show, flower show, bird show, Sindhi culture show ornamental fish show and food court. It is to be noted that Chief Minister Sindh Syed Qaim Ali Shah and Governor Sindh Dr. Ishrat Ul Ebad Khan are committed to facilitate such mega events to explore the investment potential of Sindh. It is pertinent to mention that Badar Expo is managing the event.
February 06, 2013
This was expressed by Chairman Sindh Board of Investment Mr Zubair Motiwala during a meeting with Mr. Karani Gulec Executive Board Member of FINA Enerji Holding A.S (subsidiary of FIBA Group) of Republic of Turkey.
Mr. Motiwala while explaining the huge demand and supply gap and the guaranteed off take of power by the government informed the representatives of FIBA Group that Pakistan is the energy starved country and despite the huge resources like Thar Coal and Wind Corridor of Thatta, Pakistan have not been able to meet its bare minimum energy requirements. During the meeting Secretary Coal and Energy Mr. Ajaz Ali Khan presented in detail the technical specifications of the Lignite Coal at Thar, which is far better than the coal, which Turkey and some other countries have been using for power generation for last many decades. Secretary Coal and Energy GoS also highlighted the possible modes of Investment by the Turkish Investors that they can either join the existing on-going three projects as JV Partners or can come invest in the independent Thar Coal Block through the process of International Bidding.
FIBA is the top leading Investment Group of Republic of Turkey, which has diversified investment portfolio in the sectors of Banking, other financial services, Real Estate & Asset Management, Retail, Marine and Logistics, Energy and infrastructure development all across the world. Fina Energy a subsidiary of FIBA Group has already invested in more than 500 MWs of Green Field Power Generation Projects, they are also in the middle of establishing 50 MWs Wind Power Project in Thatta district of Sindh, Pakistan. FIBA has also recently started investment in Coal based power generation and coal mining in Africa.
Mr. Karani Gulec after listening to the details of the Thar coal was of the view that quality of Lignite at Thar is far better than the lignite in many parts of the world. Coal in Turkey has the Heating value of only 1200-1500 K-Cal where as Thar coal is far superior with more than 3000 K-Cal heating value. He further informed that FIBA have already invested in Wind Power project in Sindh, Looking at the prospects of investment in Thar and huge demand of coal not only for the needs of Pakistan but for catering the imports for Turkey FINA Enerji A.S. is confident for investment in Thar Coal. He also highlighted the need for announcing up-front (Feed in) tariff for coal based power and assured off-take of power by the Government of Pakistan, which will increase the confidence of foreign investors in Pakistan.
Chairman Mr. Motiwala after inviting Mr. Gulec to visit Pakistan said that Government of Sindh is flexible to absorb investment in Thar Coal Mining and Thar Coal based power generation and from the platform of SBI and TCEB will facilitate to encourage investment by FIBA group either in the form of JV with existing projects of dedicated allocation of block through International Competitive Bidding.
February 05, 2013
This was expressed by Chairman Sindh Board of Investment Mr. Zubair Motiwala during an exclusive meeting with CEO LIMAK Yatirim Group of Republic of Turkey Mr. Birol Erguven.
Mr. Motiwala while explaining the huge demand and supply gap and the guaranteed off take of power by the government informed the representatives of LIMAK Group that Pakistan is the energy starved country and despite the huge resources like Thar Coal and Wind Corridor of Thatta, Pakistan have not been able to meet its bare minimum energy requirements. During the meeting Secretary Coal and Energy Mr. Ajaz Ali Khan presented in detail the technical specifications of the Lignite Coal at Thar, which is far better than the coal, which Turkey and some other countries have been using for power generation for last many decades. Secretary Coal and Energy GoS also highlighted the possible modes of Investment by the Turkish Investors that they can either join the existing on-going three projects as JV Partners or can come invest in the independent Thar Coal Block through the process of International Bidding.
LIMAK is the leading Investment Group of Republic of Turkey, which has already invested in number of Energy and Infrastructure projects not only in Turkey but also in many other countries of the World. LIMAK also have successfully completed roads and infrastructure projects in Pakistan such as Quetta-Qilla Saifullah Road, Hub Lasbela Road of RCD Highway etc.
Mr. Birol after listening to the details of the Thar coal was of the view that quality of Lignite at Thar is far better than the lignite in many parts of the world. Coal in Turkey has the Heating value of only 1200-1500 K-Cal where as Thar coal is far superior with more than 3000 K-Cal heating value. He further informed that Turkish investors have all the intention to invest in the mega projects of Pakistan especially in the energy sector but at the same time it is important that Pakistan should now focus more on the streamlining the existing investment policies to make it more investor friendly for foreign companies. Instilling on the investment in the Thar Coal he requested that Government of Sindh after consultation with Federal Government should consider announcing up-front (Feed in) tariff for coal based power and assured off-take of power, which will increase the interest and confidence of foreign investors in Pakistan.
Chairman Mr. Motiwala invited Mr. Birol to visit Pakistan, where more details on the investment in Thar Coal along with the site visit will be facilitated by the Sindh Board of Investment and Thar Coal & Energy Board. He further explained that institutions like SBI are very recently established by Government to provide one-platform solutions to the local as well as the foreign investors. He assured that Sindh Board of Investment would provide all facilities in Sindh.
February 04, 2013
The event has been organized at the Office of the TUSKON in Istanbul and widely attended by Turkish business community. More than 15 Private sector companies also participated in the event from Pakistan. The purpose of this event was to present immense investment opportunities available in the Province of Sindh in front of Turkish business community and to increase bilateral trade and investment cooperation between Republic of Turkey and Pakistan.
Confederation of Businessmen and Industrialists of Turkey (TUSKON) is the most widespread non-governmental, non-profit institution representing business community in Turkey. TUSKON, Confederation of Businessmen and Industrialists of Turkey, representing all scales of companies, ranging from small to large, from every industry of Turkish economy . It is dedicated to share know-how, experience and communication networks with Turkish businessmen who would like to be global players of the today’s world. TUSKON today, is an umbrella organization for 7 regional federations, 162 business associations with more than 32000 business people members in Turkey, TUSKON is present in 144 countries of the world as is promoting business and bilateral investment.
Ms. Inci, Executive Board member, TUKSON welcomed Government of Sindh and participants of Sindh Investment Delegation to Republic of Turkey. She said that we now have a moment of opportunity to build stronger ties at all levels between our business worlds. The bilateral trade and investment opportunities are vast. We strive to find ways to facilitate these resources for the good of both the countries. Explaining the present status of business she explained that as of today bilateral trade between Pakistan and Turkey is only US $ 300-500 million, which does not correspond to depth of relationship of both the countries.
Speaking on the occasion Chairman Sindh Board of Investment said Sindh possesses immense opportunities for strengthening business ties with Turkish brothers. Government of Sindh is keen to enhance trade volumes with Turkey. Chairman SBI gave brief presentation about immense investment potential of Sindh and invite Turkish Business community to come and collaborate with Sindh for increasing bilateral trade between both countries. He stressed more on the investment in Energy & Agriculture sector where huge demand and gap in supply exist. Counsel General of Pakistan at Istanbul Mr. Junaid Yousuf also attended the conference.
Pakistani delegation apart from the official members also comprised of leading investors in Coal, Wind, Agriculture, confectionary, Dairy and Textile Industry of Pakistan. The session was followed by business matchmaking session whereby large number of Turkish Businessmen participated to meet Pakistani entrepreneurs.
February 03, 2013
During on official visit to Republic of Turkey, Mr. Zubair Motiwala, Chairman Sindh Board of Investment along with Sindh Investment & Trade delegation called on to H.E Burhan Kayaturk to extend heartiest felicitation and gratitude on behalf of Honourale Chief Minister Sindh and also discuss ideas and opportunities to improve bilateral trade & investment relations between both countries. Pakistanis are our brothers and Turkish people considered Pakistan as a very close friend. We are two Nations but one spirit said H.E Burhan Kayaturk.
Mr. Motiwala informed H.E. that Turkish government organizations such as Ministry of Energy, Economy and Agriculture have shown keen interest in exploring the avenues of investment specially in Energy sector including but not limited to renewable energy such as Wind, Solar, Coal and Hydro, Agriculture, Food Value addition, Housing, Urban Development during their meetings with delegation in Ankara, Turkey.
Mr. Burhan extended his full support for strengthening cooperation between Government of Sindh and Republic of Turkey. He expressed his full cooperation for shortening the bridge between investors of both countries. Mr. Motiwala said that this visit is the first step towards a long journey whereby people of Sindh and Republic of Turkey will move together for improving investment & trade relations between both countries.
February 03, 2013
Ministry of Agriculture welcomed SBI and Sindh Investment delegation members to Republic of Turkey and extends its full support to improve Sindh Agriculture and food value addition endeavors of Government of Sindh. Explaining from Turkish experience Dr. Kenan added that interventions at the grass root level will create results therefore, it is necessary that farmers should be educated about importance of modern farming methods, usage of certified seeds and importance/adaptation of drip irrigation systems.
Mr. Motiwala said that Turkey has a very advanced system of pressurized drip irrigation that can contribute positively both towards agricultural yields and water conservation. He added that Turkish companies are supplying substantial amount of produce to Europe and JV’s with Turkish firms would provide our companies with access to European markets through existing supply chains.
He proposed that areas for cooperation and JV’s are Dairy Industry Automation especially baby cereals, dry milk Products, and establishment of Cold Storage, Park Houses & Processing Units and Food Preservation Units. He further added that Government of Sindh is establishing Bhambhore dairy Village which could be a viable investment opportunity for Turkish Investors. Cooperation in the fields of Halal Meat Certification and re-export would also be preferred areas of collaboration between investors of both countries.
Chairman SBI added that Turkey has initiated GAP Project known as South Eastern Anatolian Project and Sanliurfa Irrigation Tunnel System, which have brought remarkable improvement in Agri-production. He further added that Sindh Irrigation System also needs to get revived through introduction of technologically advanced methods for high yield and water conservation. Hence, Government of Sindh wants to learn from the experience of our Turkish brothers in the field of Agriculture & Irrigation. Ministry of Agriculture, Government of Turkey extends its full support and technical assistance for Government of Sindh in implementation of Drip Irrigation Project in Sindh.
February 02, 2013
In Turkey, TOKI has a leading role through international commitments on human settlements area and in this respect, considering national priorities; TOKI carries on its activities on housing and urbanization fields by providing informational flow through international institutions. It was developed in 1984 and till date constructed more than 562000 houses & provided credit to 1 Million houses in Turkey. It produces 85% social houses & 15% Revenue Houses with an annual spending of approximately 5.5 Billion USD. TOKI has developed around 562,000 housing Projects with total spending of 33 Billion USD.
Sindh required continuous effort for Urban Transformation of slums said Mr. Motiwala, Chairman SBI. He further added that with ever increasing population Of Karachi it is now need of time to create similar institution in Sindh and utilize experience of TOKI for development of effective legislation and technical collaboration between TOKI and Government of Sindh. TOKI welcomed the suggestion and it was mutually agreed that SBI, after consultation with Karachi Metropolitan Corporation will formally approach Ministry of Economy, Republic of Turkey for execution of proposed Plan.
He further added that Sindh is a land of opportunities. Karachi is a commercial Hub of the Province of Sindh that attracts huge volumes of migrants from all over Pakistan, which has resulted many slum areas and shanty towns right in the heart of city. The increase in population increases the demands for modern living facilities mainly housing. TOKI’s expertize in Construction of Pre-Fabricated houses for low cost income groups and conversion of slum areas in well-developed housing scheme can be used to convert shanty towns into commercially viable Project. President TOKI, Mr. Ahmet Haluk KARABEL informed that TOKI is operating in Indonesia, Sri Lanka, Pakistan (Kashmir), and Somalia and would like to extend its scope of work in Pakistan through construction of Pre Fabricated houses for low cost income groups in Sindh. Chairman SBI added that Sindh also have many small cities those immensely required transformation and Government of Turkey could play a vital role in improving the life of common people in Sindh.
January 31, 2013
"This is the First ever official Investment & Trade delegation of Government of Sindh to Republic of Turkey for exploration of huge potential of bilateral investment promotion between Government of Sindh Pakistan and Republic of Turkey.” This was expressed by Chairman Sindh Board of Investment while leaving for Republic of Turkey on 31st January 2013. Delegation will stay in Turkey up to 5th February 2013 and will meet with both Government as well as private business organizations to explore the avenues of mutual cooperation.
Delegation is headed by Chairman Sindh Board of Investment and comprise public & private sector participants from preferred sectors of Economy especially Coal Energy, Wind Energy, Agriculture especially Agriculture machinery, Livestock especially Meat and Dairy, Food Processing, Urban Development & Infrastructure Management etc. 25 private businessmen from different sectors of economy are also part of delegation.
Sindh Board of Investment has organized said visit of Sindh Investment Delegation to Republic of Turkey in collaboration with Ministry of economy, Government of Republic of Turkey through the office of H.E Consul General of the Republic of Turkey in Karachi and Commerce Section of the Mission along with Embassy of Pakistan in Republic of Turkey.
Speaking on the occasion, He said that during said visit Sindh Board of Investment will meet relevant government institutions in republic of Turkey and discuss immense investment opportunities in the Province of Sindh for Turkish investors. Delegation plans to meet Ministery of Agriculture, Ministry of Economy and Ministry of Energy of Republic of Turkey. Meeting with TOKI Housing Development Administration of Turkey is also in the schedule.
SBI has also collaborated with TUSKON, largest confederation of Republic of Turkey to organize Investment Conference & business matchmaking session in Istanbul. He further informed that the purpose of conference is to depict true potential of Sindh in front of Turkish Business community.
December 22, 2012
A seminar on “Agriculture in Pakistan” on the side lines of Green Week commenced in Berlin on Saturday, 19 January 2013, The seminar was organized by the Embassy of Pakistan in collaboration with the German Near and Middle East Association (NUMOV) and was attended by Pakistani ambassador in Germany Mr. Abdul Basit,Pakistani delegation included senior officials of Pakistan Horticulture Development and Export Company and Sindh Board of Investment , on German side Dr. Gred Mueller, state Secretary for Federal Ministry of Food & Agriculture consumer Protection,Mr.Michael Wiedmann , Vice President of The Metro Group and other leading German Businessmen attended the seminar.
Speaking to the seminar Mr.Basit 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.
Mr. Mueller emphasized over the need of deep and extended ties between Pakistan and Germany. And said that Germany is ready to assist Pakistan in agriculture sector through investment and technology.
President Metro Group, Mr. Michael Wiedmann gave presentation to the audience regarding company’s exceptional investment experience in Pakistan. Presentations were also delivered by Pakistan Horticulture Board and Sindh Board of Investment at this promising event. Helene Rang, CEO NUMOV appreciated the opportunities offered by Pakistan in the agriculture Sector.
December 18, 2012
Chairman Sindh Board of Investment Muhammad Zubair Motiwala has said that the purpose of establishing Fisheries Special Economic zone is to promote socio-economic conditions of the Rural Sindh and this zone will be established on 20000 acres that has already been identified in District Thatta. This he said while presiding over a high level meeting here in his office on Tuesday. He said that SBI would create mechanism for investment facilitation and subsidized financing for the investors in the zone which would include financing of 100 fish farms, of 25 hectares each, to be managed jointly by private investors with international experts for two years. He added that in first phase SBI would development of 20 farms and would undertake 2nd Phase on successful of implementation of the 1st Phase.
Muhammad Zubair Motiwala said that the establishment of the Fisheries Special Economical zone would create employment and economic opportunities for rural peoples and it would enhance foreign exchange earning capturing World Halal Food Market through export.
Chairman said that the establishment of the said zone would provide capacity building to the local investors / fishermen and government officials involved in the sectors and it would also introduce international best practices and new technologies in research for fisheries development.
December 05, 2012
Ms Yesim Elhan, Principal Public Management Specialist of Asian Development Bank while speaking to Sindh Board of Investment informed that SGARRP aims to assist Government of Sindh to promote broad base growth in Sindh particularly targeting the rural economies, While discussing the main objective of the Sindh Growth and Rural Revitalization Programme (SGARRP) with team of SBI headed by Chairman Zubair Motiwala She said that the programme emphasizes to attain inclusive growth through greater involvement from Private sector investment as well as Public sector support for growth and development of rural areas of Sindh.
Chairman Muhammad Zubair Motiwala welcomed the officials from ADB and explained that Provice of Sindh is blessed with immense potential and there is a vast array for growth and space for social uplifting projects. He highlighted the huge resource base of Oil, Gas, Coal and also more than 5 million hectors of cultivable fertile land. He further instilled that SBI has been very active in highlighting the key areas of potential for local as well as foreign investment. He explained that Sindh is predominantly an agrarian society and more than 70% of population is stilled linked directly or indirectly with the agricultural produce, however we have failed to properly exploit this potential at its maximum capacity. He said that Pakistan has huge market both local as well as international level for value added agriculture produce, halal meat, fisheries, shrimp and aquaculture, fruit and vegetable processing and pulping and Cold Storage. In the end he proposed ADB to intervene in these areas for capacity building at the grass root level and also assist in medium level value addition intervention. Ready projects in Energy, Coal, Infrastructure, Road networks, Processing and pulping units, Shrimp and Aquaculture were also shared with ADP team.
Sindh Enterprise Development Fund (SEDF) and Entrepreneurship Development Program and two vital initiatives and signature project being undertaken by SBI. 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. Sindh Government is also enthusiastically pursuing Khairpur Special Economic Zone for supporting the local industries especially dates processing, storage and packaging, which is the main and vital crop of Khairpur. Technical Training on modern lines, Research areas, financial frame works are the areas where ADB assistance is a must.
Chairman SBI also emphasized on the indigenous energy source of Coal and Wind, where lies the ultimate solution to the country’s energy crisis. He reiterated that for every development provision of sustainable Energy is must and that can only be achieved when institutions like ADB, EU and other key political and financial institutions help Pakistan to develop.
The ADB team highly appreciated the efforts being taken by Government of Sindh for improvement in development process and assured ADB’s further assistance and continued support to the cause of Sindh.
December 03, 2012
Muhammad Zubair Motiwala, Chairman Sindh Board of Investment has said that Sindh – the cradle of Indus civilization has emerged as the economic hub of Pakistan. Cities of Sindh have remained prominent centers of trade and industry in the region throughout the history. With such glorious past, its thriving industrial base, natural resources, well developed infrastructure, competitive human resource, two major ports, sophisticated communication network, modern financial & services sector and investor friendly policies of the government, provide the most promising destination for business and investment. This he said while holding a meeting with local and international investor at his office in Karachi.
He informed that Sindh’s coastline of approximately 350 km with thick mangrove forests is a very productive resource. 48% of fish export from Pakistan is from Sindh. Moreover, 71% of marine fish resources, 65% of fresh fish resources, and 100% of brackish water fish resources are located in Sindh. In the context of livestock, 28% buffaloes, 27% cattle, 24% sheep, 28% camels and 40% poultry in Pakistan are found in Sindh. The livestock and poultry headcount of 40 mn (approx) provides a strong base for dairy and meat processing industry for local and export purposes.
Muhammad Zubair Motiwala further 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. It has one of the largest coal reserves in the world (185 bn tones) a huge potential for renewable energy with 60 km wide and 180 km deep wind corridor.
November 28, 2012
This was stated by Director General Sindh Board of Investment after taking a delegation of officials and date growers from Sindh to one of the world's largest Date Processing Facility in UAE.
A delegation of Sindh Board of Investment consisting of date palm growers and officers of SBI visited the processing plant of Al-Foah Date Processing Company located in Al-Ain, UAE. The processing plant is considered the largest dates processing plant in the world and one of the most the sophisticated as well. The plant was set up by the UAE Govt. some 14 years ago to help develop date palm cluster by acting as a common facility centre for date palm processing in numerous forms.
Welcoming the delegation Mr. Sameer, Export Sales Manager of Al-Foah and factory manager Uday Singh briefed about the processing facility available in the factory before they are packed in finished form for markets. Growers were sensitised about the proper fumigation of the raw date crop, which increases the shelf life and also prevent from any pest, insects or diseases along with the eggs and larvae of insects inside. State of art factory also includes high capacity washing, sorting and drying facility with cold storage capacity of more than 60,000 tons. Processed dates are stored at 10 degree Celsius. Subsequently dates were either packed in various forms as whole fruits or they were diverted to syrup and paste lines. Further value addition was being done of whole dates by stuffing nuts or by coating with chocolate. Finally, dates and their derivatives were being packed.
Sindh alone produces more than 300,000 tons of dates per annum and total date production of Pakistan crosses 600,000 tons but due to unawareness of modern processing techniques and value addition Pakistan has never achieved International appreciation to its true potential. Pakistan dates are exported mainly for Industrial use or in the pitted form, which hardly fetch any price. Sindh Board of Investment has organized visit to modern dates processing facilities on the sidelines of participation in International Dates Palm Festival in Abu Dhabi. Delegation is based on dare growers, exporters and processors of Sindh. Such visits enlarge the mental horizons of grower and exporters by exposing them to the possibilities of quality enhancement and value addition. In the present day when technological improvements and innovations have become the norm in other date palm producing countries, Pakistan has a long way to go before its entrepreneurs are able to compete in the global market.
November 28, 2012
This was stated by Prince Suleman Boti of Royal Emirates Group during a follow up meeting with an official delegation of SBI headed by DG Sindh Board of Investment Government of Sindh in furtherance of Memorandum of Understanding signed between Government of Sindh and M/s REG in June,2012 for investment in the energy, infrastructure, sports and agriculture research.
During the meeting DG SBI cleared the ambiguity regarding status of SBI and informed his Excellency that SBI has now been further strengthened by placing it under Finance department as an attached department. He further stressed that we are looking forward for helping Royal Group in investment in province of Sindh.
Dr Qaisar of RG explaining areas of interest of Group informed the delegation that they have already started establishment off grid solar house hold units in Balochistan and are also negotiating with the Government of Punjab for establishment solar based house hold units. Mr. Riazuddin DG SBI sensitized the royal group about the huge solar potential in Sindh with 3000 hours of sunshine per year and 5.3 KWh/m2 capacity of insulation. He also invited them for establishment dedicated solar power project of at least 10 MWs in the Northern part of Sindh and SBI will facilitate in land allocation and power purchase agreements with the DISCO/end users.
M/s REG showed interest in establishment of Arab Village in Sindh, where small families units will be initially trained for Arab Cultures and then brought in the village residence. In addition to it HE Boti showed keen interest in establishment of sports club with indoor shooting range and also establishment of Agriculture Research Center where best agriculture varieties of the world can be produced in the fertile region of Pakistan with maximum yield.
DG SBI welcomed the ideas shared by Mr Boti and assured best possible assistance and help at the provincial government end. He also offered HE to look at the possibility of investment in Keenjhar Lake Resort in PPP Mode where government intends to establish state of resort/club on BOOT basis. He further added that having a shooting range in the Keenjhar lake resort can also be considered if Royal Group shows any interest in the investment. For establishment of Agriculture Research Center he informed that idea will be shared with the Agriculture Department Government of Sindh and SBI will get back to REG with some concrete proposal.
In the end DG SBI shared momentous with members of royal group and invited them to visit Karachi for further venturing into the possibilities of investment in Sindh.
November 27, 2012
Entrepreneurship Development Program is an initiative 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. This was stated by Chairman SBI after a graceful launching ceremony and Orientation session of Entrepreneurship Development Program held at the Center for Entrepreneurship Development of Institute of Business Administration (IBA), Karachi. The ceremony was attended by the entire faculty of IBA Karachi led by the Dean and Director, Dr. Ishrat Husain as well as Sindh Board of Investment. The main purpose of the ceremony was to welcome the first incoming batch of the Program consisting of 75 students fro the southern districts of Sindh including Karachi.
This is a unique initiative taken by Government of Sindh which includes 6-months training program conceived and funded by the Sindh Board of Investment and being executed by IBA Karachi and Sukkur IBA. The vision behind the program has been highly appreciated at all levels in which heightened focus has been given to entrepreneurship and many advantages enterprise development like income generation, innovation and economic progress.
It was further informed that EDP is a unique training program, which will be executed by IBA Karachi in lower Sindh and by Sukkur IBA for applicants from northern districts of Sindh. The program intends to inculcate entrepreneurial mindset in the youth of Sindh and also to nurture small and medium agribusinesses. The program is a diploma program and will consist of 4 months of classroom studies supplemented with 2 months of applied field training.
Government of Sindh also intends to support the successful business models from the platform of Sindh Enterprise Development Fund (SEDF).
November 22, 2012
Muhammad Zubair Motiwala, Chairman Sindh Board of Investment has 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. This he said while presiding a departmental meeting at his office here today.
Muhammad Zubair Motiwala said that Government of Sindh through Sindh Board of Investment has 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 under-developed sector with more job to be created. He further said that preliminary survey and need assessment study have already been conducted.
Earlier, Director Project, SBI Abdul Azeem Uqaili informed Chairman SBI that the Request for Proposal (RFP) is issued to the Shortlisted Consulting Firms/Consortium to carry out the feasibility study with technical viability, transaction analysis, commercial development plan and other technical and transaction related activities. The proper study by the final shortlisted consultancy firm would facilitate in successfully materializing this project in a shortest possible time.
November 14, 2012
Chairman Sindh Board of Investment Muhammad Zubair Motiwala has said that Investment in the province can only be promoted with collective efforts of public & private sector. This he said while holding a meeting with delegation of Japan International Corporation Agency (JICA). The participants of delegation are conducting, ‘Data Collection Survey on Renewable Energy Development in Pakistan.’
During the meeting, Chairman Sindh Board of Investment sensitized the participants regarding continuous and serious interventions by the Sindh Board of Investment to promote investments in diversified sectors of alternate energy especially Thar Coal, Wind and Solar. Muhammad Zubair Motiwala said that serious efforts were also being made for containment of energy crisis in Pakistan through multiple measures. Other than promoting investments in Thar coal, Sindh’s wind corridor, the SBI is working closely with private sector to examine interventions under solar energy. Chairman SBI said, ‘Coal is the new energy future of the province and the country.’ He also offered full Corporation and support on behalf of Government of Sindh in conducting survey. Motiwala also suggested that survey would also identify about how to uplift the standard of local people, who are residing centuries in Wind Corridor area.
Earlier, Tomoyasu FUKUCHI, Consulting Engineer of NIPPON KOEI said that this survey aims to collect data and information comprehensively regarding development of renewable energy in Pakistan and explore the possibility of corporation by Japan for disseminating renewable energy in order to contribute to the realization of diversity of power generation sources which is the government policy of Pakistan. He informed that Japanese Government had a plan to provide grants to Government of Pakistan in Solar sector projects and also intended to provide loan in Hydro power projects. He further elaborated that Japanese government would also provide loans to private investors to install projects in Solar and Hydro sector. He also informed that three companies namely Fuji, Hitachi and Mitsubishi are manufacturing wind turbine in Japan.
Muhammad Riazuddin, Director General, SBI asked them to install a pilot project of Wind Turbine to attract investors about the performance and efficiency of wind turbine manufacturing in Japan.
Director Administration SBI briefed about recent policy reforms for development of wind energy sector of Sindh. It was elaborated that Sindh wind corridor possesses immense potential to produce about 50,000 mw of energy. He informed that land has been allotted to 30 projects with installed capacity of 1947 MWs. Out of which 9 projects commissioned on fast track are expected to obtain COD before June 2013 with approx 800 MW power on grid by June 2013. A brief overview of projects initiated by Sindh board of investment was also given to participants for their input, feedback and suggestions.
September 27, 2012
A meeting to discuss roadmap for the Exchange of Investment Delegation between Republic of Turkey and Government of Sindh under the chairmanship of Minister Finance, Government of Sindh was held here in the office of Sindh Board of Investment.
A full fledge investment delegation lead by the Chief Minister Sindh including high level Government officials and leading Businessmen representing different sectors of economy are proposed to visit Republic of Turkey tentatively from 15-20th November, 2012. The Delegation is expected to organize a investment conference in Istanbul/Ankara followed with Business to Business meetings with Turkish officials.
The Minister Finance extended heartiest gratitude on behalf of Sindh Government to Turkish Government for the services and support being rendered in all times more recently; Turkey’s immediate help to Pakistan in the earth quake disaster was definitely the most major contribution to the relationship between the countries and both Turkey and Pakistan enjoy traditionally strong ties which are deep rooted.
Sindh Province is looking forward for mutual cooperation with Turkish counterparts in different socio-economic uplifting projects including infrastructure development, Sister Citities agreement between Sindh and Turkey, Education, Tourism, Agribusiness value addition, Alternate Energy, Coal Sector, Waste to Energy, Aquaculture Farming and so forth. The aim of the visit is to highlight the existing potential of the province and to attract Foreign direct Investment, the delegates are expected to meet the identical sector specialist in Turkey to discuss and promote quantum of trade between the two and mutually befitted the output. SBI informed that already leading Turkish companies like FIBA Group, Zorlu Energy are successful Turkish investors in Pakistan. SBI also invited Turkish Government to hold share in Education City, one of the mega projects of Sindh Government.
The Consul General of Turkey in Karachi, H.E Mr. Murat Mustafa Onart said Turkish Government is looking forward to be a part of Projects in Sindh and there is a huge investment potential which is immensely needed to be highlighted before the Turkish investors during the Investment delegation visit. The positive initiatives in terms of business and trade by the Sindh Government are ever welcoming to foreign investors; business chambers should fully indulge themselves to grab the maximum opportunities during this visit said Consul General of Turkey. H.E Mr.Onrat assured welcoming support to the Minister on behalf of Turkish Government for making visit fruitful for both countries.
September 13, 2012
Marble City is one of the priority projects of Sindh government and Sindh Board of Investment (SBI), through Sindh Stone Development Company is committed towards the successful materialization of this project at an earliest. This was stated by Chairman SBI, Muhammad Zubair Motiwala at a 3rd Board meeting of Sindh Stone Development Company (SSDC) “Marble City” held under his Chairmanship at SBI office, Karachi.
Board of SSDC reviewed the progress of the proposed Marble City. Muhammad Zubair Motiwala said that this project is also planned to have a dedicated training center, which would be a key to providing the technical and vocational training for skill development. He also proposed to allocate land for a Trauma Center to cope up any disaster. Chairman SSDC/SBI said that the earning would also increase from improved skill imparted through training by experts in marble and granite sector. Muhammad Zubair Motiwala also proposed and Board of SSDC unanimously approved to induct Secretary Finance, GoS as member of SSDC Board.
Secretary Finance, Government of Sindh, Mr. Arif Ahmed Khan said the project was envisaged to be executed as a priority project. Arif Ahmed Khan further said that it is important to find out the existing market scenario for determining the future course of action through a detailed technical study for this project. Mohammad Riazuddin DG, SBI extended his full support in expediting the project. The Director SSDC Sanaullah Khan has said that the Marble City project will strengthen the untapped and un-exploited sector of stones in Sindh.
Mr. Haroon Rashid, Director SSDC emphasized on the opportunity of brining in the Foreign Direct Investment at Marble City. He further said that there are possibilities of Joint Venture alliances with foreign companies for production and processing. Earlier, Abdul Azeem Uqaili, Director Projects, SBI briefed the board about the project and said that 300 acres of land in Deh Mithaghar 2 kms off Northern Bypass near Hamdard University has been procured for the establishment of Marble City project. Mr. Abdul Azeem Uqaili, Company Secretary SSDC and Director Projects SBI informed the procurement of the consultant for feasibility and transaction advisory services in underway.
September 11, 2012
Mr. Hammed Reza, Secretary General Iran Electrical Industry Syndicate & Member Tehran Chamber of Commerce, Industries and Mines (TCCIM) expressed that both Iran and Pakistan are ideal strategic location and hence all means of trade needed to be utilize for business expansion between the two’s. This he said at his visit to SBI as a part of his official Tour to Pakistan. He further said that as per toman fluctuation is concerned Iran has signed agreement with Persian Bank to bring down value equal to rupees and this could be further discussed in detail with Pakistani counterparts in future. He said that Iran is much interested in joint venture projects with Pakistan in Power, Energy, shrimp farming and other infrastructure Projects. The Secretary General invited Pakistani delegation to visit Iranian business houses and chambers for further investment promotion. The high level Iranian delegation headed by Mr. Hammed Reza, Secretary General & Member Seyed Kazem Abidi, First Consul , Mr. Shahrokh Zahiri , Adviser & Head of Agricultural, Food Industry Committee with Iranian businessmen belonging to Textile, Agriculture and Financial CoS visited Sindh Board of Investment on 11th of September,2012. The delegation was received by Chairman Sindh Board of Investment, Mr.Mohamamd Zubair Motiwala and Director General Sindh Board of Investment, Mr. Mohammad Riazuddin.
Chairman extended warm welcome to the Iranian counterpart and said that the visit was much awaited and in past there were so much cross border trade happened between Pakistan and Iran and now is the high time to mend business ties further through direct Investment Promotion and bring it on regular channels, while Pakistan is largely populated with Iranian brothers so business activities shall further bring us close to each other. He further said that the fluctuation in dollar and toman made smooth trade unable between the two’s yet Pakistan is the biggest textile exporter to Iran on account, therefore to bring trade on smooth lines efforts are needed to be made from both sides. Chairman gave detailed presentation to the participants and inform about special incentive packages being offered by the Government of Pakistan for foreign investors facilitation. We have success stories of lotte of Korea who is further expanding its business in Pakistan and UK is the biggest investor in Pakistan with more than 30 billion US $ equity which shows Pakistan is a safe destination for all business for investors. While province of Sindh is blessed with world class coal reservoirs with 175 billion tons of coal of this is internationally verified. Both sides affirmed to collaborate and cooperate with each other in different sectors of economy.
September 06, 2012
This was expressed by H.E Mr Choongjoo Choi Ambassador of Korea in Pakistan, who visited Sindh Board of investment. The meeting aimed to discuss follow-up on projects initiated during Honorable Chief Minister Sindh’s visit to Korea during May 2011.
Chairman SBI, Mr. Mohammad Zubair Motiwala welcoming the delegation headed by H.E Mr.Choongjoo Choi appreciated Korean Government’s efforts in boosting business ties with Pakistan. He said Korean Government has played pivotal role in uplifting entrepreneurship in Pakistan through direct and indirect investment, but the quantum is very less, which needs to be enhanced.
Chairman SBI highlighted the areas where both the countries could help each other. Value Addition in the Agriculture sector of Sindh is the area where Korean expertise will be highly appreciated. Apart from Agriculture Korea has excelled in the field of Renewable Energy and Korean assistance under Economic Development Cooperation Fund (EDCF) can be utilized if Korean Government can invest in conversion of existing Tube wells in to Solar Energized Pumps providing electricity to the off grid Villages. Conversion of SCARP Tube Well Pumps into Solar pumps will at one end save huge amount of money government tis paying as a subsidy and on the other hand will shed huge load of energy consumption from the National Grid. Chairman also reminded HE Mr Choongjoo about the commitment of M/S KOSPO for establishing a Wind Farm in Sindh’s Wind Corridor, on which there has been no progress from Korean side. He emphasized that Wind Resource of Sindh is now well recognized as more than 30 local as well as international companies are already working and we are expecting first wind farm of 49.5 MWs to start operation from next month in Jhimphir, which will be followed by many more.
H.E. Ambassador appreciated efforts being taken by SBI for the facilitation of investors, he apprised the participants that Korea has already started working on some pilot projects in Larkana for the development of child hospital and conversion of Chandika Medical College into Solar Energy, which will cost approximately US $ 30 Million. Mr Choo also pointed out the hurdles in execution of projects due to the prevailing law and order situation. He showed keen interest by the Korean investor in the field of Energy especially in Coal Fired power plants in Sindh. Mr Choo told Chairman that Agreement between Karachi and Inchion City of Korea is ready and can be signed any time when a delegation from Pakistan will plan to visit Korea. Issues regarding insufficient electric supply to LOTTE was also discussed Chairman SBI assured the delegation that all possible support will be provided to Korean investor from government end.
Mr Ambassador shared that next year on the eve of 30 Anniversary of Diplomatic relationships with Korea, Korea is expecting to receive high level business delegation from Pakistan, which would be of great importance to attract business and boost trade between two countries. He also suggested that a dedicated trade related government official may be posted in Pakistan Embassy in Korea to stream line the issues pertaining to investment in Pakistan. Chairman appreciated the suggestion and assured immediate response to concerned quarters. Both sides affirmed role of their respective governments in enhancing business and assured for further cooperation in future as well.
September 06, 2012
Muhammad Zubair Motiwala, Chairman Sindh Board of Investment said that Khairpur Special Economic Zone Captive Power Plant would be the first ever Waste to Energy Power Plant in this region. He said this while presiding over a meeting on waste to energy power plant project for KSEZ.
Chairman Sindh Board of Investment said that the Khairpur Special Economic Zone (KSEZ) project is supplemented by a dedicated waste to energy captive power plant which would ensure an uninterrupted power supply to all the enterprises within the zone.
Muhammad Zubair Motiwala said that the present Government has initiated the development of an industrial zone dedicated to the agro industry which would have world class features, amenities comparable with any industrial zone in the international arena. Chairman SBI said that the power plant is being developed at Khairpur Special Economic Zone (KSEZ) which is a Future Hub for agro-processing and other related industries on a location strategically positioned for proximity to date growing areas, transportation links and access to labor.
The Director General, Sindh Board of Investment, Muhammad Riazuddin Qureshi has said that the project will enable the locals to get employment through on-site training. Muhammad Riazuddin further said that the KSEZ is being set up keeping in view the global challenges of the competitiveness to attract foreign direct investment and to enhance productivity and reduce cost of doing business for economic development and poverty reduction. On the occasion Abdul Azeem Uqaili, Director Projects, SBI said that the KSEZ is an industrial cluster with liberal incentives, infrastructure, investor facilitation services facilities which will also be guaranteed under the new SEZ Act 2012. Uqaili further said that, it will help attract many investors to install various value addition plants with a aim to create more jobs.
Earlier the consultant Jaffrey Associates and National Industrial Park (NIP) presented the detailed feasibility report on the project. Among the others, meeting was also attended by Zubair Habib, CEO, NIP, (Capt) Anwaar-ul-Haq, Project Director, KSEZ, G.M. Shaikh (Project Coordinator KSEZ), Ali Sibtain, Director PPP Unit and other stakeholders.
September 04, 2012
A delegation of FFC headed by CEO/MD Fauji Fertilizer Lt.General (R) Nadeem Lodhi and included Brigadier(R) iftikhar Ayub, RM FFC, Syed Imran Shah, Project Manager FFC Energy, Major (R) Farzooq Mahmood & Senior Executive and Lt.Col (R) Jalal Mehboob visited sindh board of investment. The meeting was chaired by Mr. Zubair Motiwala, Chairman SBI and was attended by Secretary Coal and Energy, Mr.Aijaz Ali Khan, Mohammad Riazuddin, Director General SBI, Mr. Zubair Channa, Director Administration SBI, Mr.Fayyaz Alam Solangi, Deputy Secretary SBI & Abdul Azeem Uqaili, Director SBI.
The CEO/MD Fauji Fertilizers informed that FFC Energy Limited is all geared to setup 33 Wind Turbines in jhimpir Thatta over the area of 1,283 acre wind farm capable of producing a total of 50 MW expected to start full fledged electricity production in November this year. He further informed that FFC is considering to expand production upto 250 MW and the Power shall be provided to the National Grid.
A detailed presentation on various projects was given by SBI to Fauji Fertilizers. Secretary Coal Mr.Aijaz Ali Khan appreciated FFC for the possible collaboration with Engro in different genre either coal mining, gasification fertilizer or power generation and assured of land facilitation in Thar Coal field.
Lt. General (R) Nadeem Lodhi informed that FFC is enthusiastic for solar energy projects, Halal meat industry, Bus Rapid Transit and Dates Processing for joint venture, which was duly welcomed by SBI. FFC extended special acknowledgment to the role of SBI for investors facilitation which is key to national interest.
August 27, 2012
Food Department, Government of Sindh and Fauji Akber Portia Marine Terminals Ltd have joined hands together for cooperation regarding establishment of Strategic Storage Facilities of 150,000 tons of wheat/grains exclusively for Government of Sindh or its nominee at South Western Industrial Zone of Port Qasim on Monday.
According to MoU, Project Company will make an investment of upto US$ 100 Million including a Foreign Direct Investment (FDI) component from potential Chinese investors for establishment of strategic storage facilities.
The Memorandum of Understanding (MoU) in this regard was signed by Mr. Aftab Ahmed Memon, (Secretary to Government of Sindh, Food Department) and Mr. Ahmed K. Rana (Chief Executive Officer, Fauji Akbar Portia Marine Terminals Ltd at SBI office. Minister Finance (GoS), Chairman Sindh Board of Investment, Secretary Finance (GoS) were also present on the occasion.
Speaking on the occasion, Minister Finance Syed Murad Ali Shah said that Government of Sindh (GoS) has already initiated establishment of Modern Grain Storage Facility under PPP mode. The current environmental challenges especially in the wake of recent devastating floods in Pakistan have made the construction of modern grain storage facility indispensable to cater to the fluctuating demands of grain. At present Province of Sindh alone is facing storage shortage of minimum 4.0 Million metric tons. The said dedicated facility will immediately enhance capacity for GoS to store grain through modern methods.
Mr. Ahmed K. Rana (Chief Executive Officer, Fauji Akbar Portia Marine Terminals Ltd) said that Fauji Akbar Portia Marine Terminals (FAP) has already established an Exclusive Dry Cargo Terminal at Port Qasim, Pakistan with a cost of USD 135 million which has the maximum design capacity of 2.5 Million tons and storage capacity of 125,000 tons (grains). The facility is fully operational since December 2010.
August 15, 2012
The purpose of visit was to attend a briefing session with SBI team regarding overview of Sindh Board of Investment (SBI) activities and performance.
During the briefing, a detailed presentation regarding overview of Sindh Board of Investment’s performance during 2011-12 was given. Finance Minister, GoS and Finance Secretary, GoS were also sensitized regarding continuous and serious interventions made by the Sindh Board of Investment to promote investments’ in diversified sectors of economy especially Energy, Agro Processing, Livestock, Dairy, Fisheries and Minerals. A brief overview of Projects initiated by Sindh Board of Investment was also given.
CEO SEDF also gave detailed presentation on objectives, scope, organization and activities of Sindh Enterprise Development Fund; a subsidiary of Sindh Board of Investment.
Minister Finance appreciated the efforts of the Sindh Board of Investment to facilitate investment in the Province of Sindh. He ensures that recent administrative changes will not bring any policy changes and have no impact on performance of SBI. Things will remain same. Mr. Shah further added that Sindh Board of Investment is having a diversified portfolio and it has initiated multiple endeavors. However, it is essential to prioritized and make focused efforts to fetch concrete results out of deliberations and interventions made by SBI.
Secretary Finance said that Investment Promotion in the Province will be expedited with collective efforts of PPP Unit and SBI under the umbrella of Finance Department.
August 01, 2012
Muhammad Zubair Motiwala, Chairman Sindh Board of Investment said that the Khairpur Special Economic Zone (KSEZ) project is supplemented by a dedicated waste to energy captive power plant which would ensure an uninterrupted power supply to all the enterprises with in the zone. This he said while presiding 8th meeting of Steering Committee of Khairpur Special Economic Zone (KSEZ).
Muhammad Zubair Motiwala said that the present Government has initiated the development of an industrial zone dedicated to the agro industry which would have world class features, amenities comparable with any industrial zone in the international arena. Chairman SBI said that the zone is being developed in Khairpur District as a Future hub for agro-processing and other related industries on a location strategically positioned for proximity to date growing areas, transportation links, and access to labor.
CEO NIP, Zubair Habib said that his department is fully committed for speedy and quality materialization of all the work being carried out at the site. DC Khairpur, Abbas Baloch said that KSEZ project would provide job opportunities and improve lively hood of local inhabitants. On this occasion Abdul Azeem Uqaili, Director SBI said that the federal government has approved the SEZ ACT 2012, which guarantees the investors to receive a 10 years tax holiday and one time tax exemption on all capital goods / machinery.
Among the others meeting was attended by Project Director Capt. (R) Anwar-ul-Haq, Chief Engineer SEPCO, representatives of Finance, P&D and Local Government departments.
July 25, 2012
Investment promotion in the Province can only be done with collective efforts of Public & Private sector,” this was stated by Mr. Muhammad Zubair Motiwala, Chairman, Sindh Board of Investment at the 5th Board Meeting of Sindh Board of Investment held at SBI office today.
During the meeting, Secretary Investment gave a brief overview of Sindh Board of Investment’s performance during 2011-12. Board members were sensitized regarding continuous and serious interventions by the Sindh Board of Investment to promote investments’ in diversified sectors of economy especially Agro Processing, Livestock, Dairy, Fisheries and Minerals.
Serious efforts are also being made for containment of energy crisis in Pakistan through multiple measures. Other than promoting Investments in Thar Coal, Sindh’s Wind Corridor, the SBI is working closely with private sector to examine interventions under Solar Energy. Chairman SBI said that Coal is the new energy future of the Province and the country. Secretary Investment briefed about recent policy reforms for development of Wind Energy sector of Sindh. It was elaborated that Sindh Wind Corridor possesses immense potential to produce about 50,000 MW of energy. Board was informed that land has been allotted to 30 Projects with installed capacity of 1947 MWs. Out of which 9 Projects commissioned on fast track are expected to obtain CoD before June 2013 with approx 800 MW power on grid by June 2013. A brief overview of Projects initiated by Sindh Board of Investment was also given to members for their input, feedback and suggestions.
Board members appreciated the efforts of the Sindh Board of Investment to facilitate investment in the Province of Sindh particularly in Energy (Wind/Coal), Agro processing and promotion of SMEs in traditional sectors of economy.
Board members also endorsed the proposal for Constitution of Sector Committees for facilitation of sector specific investment promotion activities in the Province. Board also made an Obituary Resolution for late Nisar Sheikhani, member Board of Sindh Board of Investment and a prominent businessman.
June 05, 2012
Marble City is one of the priority projects of Sindh government and Sindh Board of Investment (SBI), through Sindh Stone Development Company is committed towards the successful materialisation of this project at an earliest. Chairman SBI, Muhammad Zubair Motiwala at a meeting to review the progress of the project elaborated about the proposed Marble City and said this project was also planned to have a dedicated training center, which would be a key to providing the technical and vocational training for skill development. The earning will also increase from improved skill imparted through training by experts in marble and granite sector. Secretary, Investment government of Sindh said the project was envisaged to be executed under Public Private Partnership mode, as a result required detailed technical and financial studies. It is important to find out the existing market scenario for determining the future course of action through this technical study for this project. In this regard a technical survey to perform need estimation is being carried out with several one-on-one interviews and group discussions with a number of marble processors, businessmen, exporters and representatives of local marble association to get their valuable feedback. Around 300 acres of land in Deh Mithaghar 2 kms off Northern Bypass near Hamdard University has been allotted for the establishment of Marble City project. Sohail Mughal of Sindh Land Management and Development Company (SLMDC) informed SBI has already awarded the work order to them to carry out the topographic and benchmarking surveys on site. Commissioner Karachi, Rohsan Ali Shaikh ensured his full corporation in completing Marble City Project.
May 27, 2012
Chairman Sindh Board of Investment (SBI) Muhammad Zubair Motiwala appreciated M/s Ching Tai New Energy Hong Kong Cooperation Ltd for taking interest in Thar Coal mining through Coal Water Slurry (CWS) Technology, which is most efficient and environmental friendly technology to burn coal into fuel. This he said while holding a meeting with Samson Pan, Chairman M/s Ching Tai New Energy Hong Kong Cooperation Ltd at his office in Karachi.
The Chairman SBI offered full support in facilitating for swift materialization of their intent to invest in Sindh. Muhammad Zubair Motiwala said that Sindh is blessed with world class coal reservoirs which have been internationally verified. The coal of Thar contains less than 1% of sulphur which is next to none as compared to other countries of world. A detailed presentation on Thar Coal was being delivered to the delegation.
On the occasion Mr. Samson Pan informed that M/S Chnig Tai New EnergyCorporation which is a Hong Kong based company desired to invest in Thar Coalfields. They show keen interest in Thar Coal mining project and to invest in one of the blocks. He said that Pakistan, China and other countries are facing energy and environmental problems were as high cost of oil and natural gas causes expensive energy and limit our growth potential.Keeping in view these global issues the Zhenjiang University after years of research has developed a most efficient and environmental friendly technology to burn coal into fuel through Coal Water Slurry (CWS) Technology. In this technology existing fuel oil plant can be converted to Coal Water Slurry which would reduce the fuel cost by 50%.The meeting was also attended by Secretary Investment Ms Naheed S. Durrani, Mr. Chan Yeung Yum, Director, Mr.Liu Jianzhong, Professor Zheinjiang University (Institute of Thermal Power Engineering of Zhejiang), Ms. Xie Binfei of Zhenjiang University and Mr. Naigen, Zhejiang University, and officials of Coal & Energy Development Department, Government of Sindh. The meeting was also attended by Mian Suhail Husain and Abbas Akber Ali, CEO, Amreli Steels Limited.
May 24, 2012
Sindh Board of Investment (SBI) and Ukraine-Pakistan Business Council (UPBC) have joined hands to cooperate in the field of skills development and education on Thursday.
The Memorandum of Understanding (MoU) in this regard was signed by Secretary Investment Naheed Shah Durrani and head of the Ukrainian delegation Alexander Ivanchuk at SBI office here.
Speaking on the occasion, Chairman SBI Muhammad Zubair Motiwala said after the signing of the MoU, both countries would now focus on human resource development in targeted technical areas, education, agriculture, mining, construction, metal engineering, solid waste management, waste to power generation and others. He said the main objective of the MoU is to increase the trade volume with Ukraine and attract investments to Pakistan.
He said that Pakistani products were presently not getting much business in Europe and the US hence it was a need of an hour to explore new business markets especially in Ukraine, Russia, Africa and other countries.
Alexander Ivanchuk said that they were keen to initiate different projects related to education and agriculture in Pakistan with government assistance.
Meanwhile, Engr. M.A Jabbar, honorary consul of Ukraine, said the scope of this MoU includes establishment of Ukrainian vocational training institutes in Pakistan. He said the SBI has proposed Ukrainian companies to establish special economic zone (SEZ) in Sindh where they could set up companies to cater the demands of Pakistani and overseas markets. Moreover, he said the SBI has also offered its help in acquiring land and infrastructure for setting up Ukrainian special economic zone in Sindh.
May 21, 2012
Memorandum of Cooperation between Sindh Board of Investment (SBI) and Ukrainian Pakistan Business Council (UPBC) will be signed to facilitate both countries business community in education and skill development sector. This was finalize in a high level meeting of Ukrainian delegation headed by Alexandr Lvanchuk, Counsellor of Ukrainian Chamber of Commerce and Industry with SBI delegation headed by Muhammad Zubair Motiwala, Chairman Sindh Board of Investment, here today Chairman Sindh Board of Investment stressed that Sindh can facilitate opportunities for Agro processing and solutions for food requirements may it be in grains; horticulture and poultry and meat. He further explained competitive strengths of the province which provides tremendous opportunities in Energy, especially the Coal Mining; Coal to power; Wind Energy; Agro-Processing and Infrastructure for investment. Focusing on Sindh’s potential Muhammad Zubair Motiwala said Allah has blessed Sindh with all the resources to become Regional Power House. Karachi, the largest city, and finance and trade hub of the country is Sindh’s capital. Sindh has proven reserves of 175 billion ton coal, which can produce 100,000 MWs for next 300 years; it has 180 km long Wind Corridor and it produces over 70% of country’s Gas and 51% of Oil. Sindh has over 5.4 million hectares of cultivable land and it contributes about 23% to country’s agriculture. There is massive scope for food processing and Agri-businesses. Sindh has a big competitive edge in production of horticulture especially dates; mangoes; guava; banana; onions and red chillies. In addition Sindh province also has huge potential for Livestock including Dairy and Halal meat production. Sindh has 350 kms of coastline and accounts for 71% of country’s marine resources including fish and shrimp. Muhammad Zubair Motiwala said that we are looking for B2B and B2Government meetings in order to reach point of mutual understanding for better future and economic activities. On the occasion Ms. Naheed S. Durrani, Secretary Investment said Government of Sindh has evolved a very attractive policy regime for foreign investment carrying range of benefits for foreign investors. For investment in Thar Coal and Wind projects there is an attractive tariff; there is dollar based repatriation of profits and plus a zero rated import duty on import of machinery. She further elaborated that given Sindh’s mineral resources and Renewable Energy resources coupled with an attractive incentive package, it is a great opportunity for international companies to invest in this sector. Later Head of delegation Alexander lvanchuk said that we are ready to invest in mining and agriculture machinery projects. He said, ‘we are ready to provide technology with investment in agriculture equipments such as light and heavy tractor, thresher, drip irrigation and etc. Alexandr lvanchuk informed the meeting about the sectors where investor could invest for better marketing of their products. Ukrainian exporters are exporting Halal food with Halal certification of Muslim countries. Ukrainian are also exporting fruits, rice, sunflower oil and pasta made of Tomato. Ukraine is also looking in dairy and Livestock sector for value addition. Ambassador of Ukraine to Pakistan H.E. Volodymyr LAKOMOV, Ambassador of Pakistan to Ukraine Ahmed Nawaz Saleem Mela, Sohail Rajput, Secretary Coal and Mining Department, Government of Sindh, First Secretary, Embassy of Ukraine Andriy ROMANENKO, Professor of University of Vienna Oleksandr Denysenko and many other Ukrainian businessmen are also present on the occasion.
May 20, 2012
A meeting to discuss issues confronting rice growers and millers held and was chaired by Ms. Naheed S.Durrani. The other participation included Mr. Abdul Kareem Daudpota, DG (Foods and Agro, TDAP, Mr. Arif Mahesar, President Sindh-Balochistan Rice Mills Association, Mr.Munir Sheikh, Member SBRMA, Mr. Azeem Uqaili, Director SBI & Mr.Fayyaz Alam Solangi, Deputy Secretary SBI.
The participants discussed with the chair regarding various problems faced by the local growers and Millers and also discussed ways to enhance per acre yield of rice in province of Sindh also suggested to fix some regional quota for International fair participation for the growers and Millers to grab investment opportunities as well as to gain interaction with business communities of other countries. Ways to increase export through better seed qualities were also discussed and certain other decisions including efforts for revival of rice industry were taken in the meeting.
May 10, 2012
A 9-member delegation led by the Lord Mayor of Mashhad H.E Syed Muhammad Pezham paid a courtesy visit to the office of Sindh Board of Investment on Thursday, 10th May, 2012. The visit was a part of 2-day official visit of Lord Mayor of Mashhad H.E Syed Mohammad Pezham to Pakistan.
Chairman, Investment Department, Mr. Muhammad Zubair Motiwala and Secretary Investment, Ms. Naheed S. Durrani extended warm welcome to the Iranian delegation at the office of Sindh Board of Investment. The Chairman appreciated initiative by the Mayor of Mashhad to visit Pakistan as it would help in further consolidating brotherly ties between the two countries. Since Iran is already importing different goods from Pakistan, such collaboration can bring benefits to both Iran and Pakistan as extensive investment opportunities are available said Mr. Motiwala.
Ms.Naheed S.Durrani gave detailed presentation to the Lord Mayor of Mashhad regarding the potential of investments available in Sindh, the land of endless opportunities. She said Government of Sindh is giving wide-ranging incentives to foreign investors with facilities for repatriation of 100% capital, profits, franchise fees, alongside zero import duty on raw materials import and full incentive package for corporate farming. Hence, the investment environment is quite welcoming. Sindh is also blessed with Thar coal reserves which can generate 100,000 MW of electricity for 300 years. Aside from that, Sindh possesses the largest wind corridor in the country along with oil and gas reserves. A large trained, educated and affordable workforce is also available in Sindh. In addition, Sindh has lowered the minimum level of foreign equity to US $0.3M, which is conducive for investment. Another megaproject of Sindh Government is Education City comprising 9000 acres with USD 300 m project cost planned in outskirts of Karachi for establishment of world-class education and health institutions where top nationals universities have already secured allotments. Ms. Naheed S. Durrani said that Bus Rapid Transit (BRT) is a high priority project of City District Government, Karachi. Total population of Karachi is approx of 19 million and total quantity of solid waste generation is 8938 tons/day which is also an investment avenue.
Mr. Zubair Motiwala said that because of smuggling of animals to Iran, Pakistan’s leather industry is receiving a huge setback to its economy. However, it would be quite beneficial for both countries if Iran imported meat after slaughtering animals in Pakistan. Ms. Naheed said that Halal Park is the project where Pakistan and Iran can have a joint venture. H.E Syed Muhammad Pezham appreciated the investment opportunities available in Sindh and said that it is a great blessing to their Pakistani Muslims brothers. He said that political problems in the last decades forbade both countries from collaborating on development but now state of affairs has improved so both of us should enter into firm commitment for utilization of capital and promotion of investment and to help and share each other’s expertise. He said that at the moment 10% of meat to Iran is imported from Pakistan. So, Iran will negotiate on slaughterhouse project as well as mass transit and solid waste management project. Iran has made great progress in wind energy and, as such, both countries can cooperate to develop large-scale projects together. Iran is blessed with natural gas and oil reserves and they offered their services to Pakistan to help resolve shortfalls in electricity, which is vital to its economy. Both sides affirmed to collaborate actively to formulate synergy for future development. Chairman SBI, Mr Zubair Motiwla said that this visit will be highly beneficial for both countries in the near future while Lord Mayor of Mashhad invited official delegation to visit Iran for further cooperation and collaboration.
May 10, 2012
The Representatives of Sindh Revenue Board including Member legal affairs and Coordination Mr.Mumtaz Shaikh and Member Support and Service Mr.Kazmi and ABAD (Association of Builders and Developers) headed by the Chairman ABAD Mr.Mohsin Sheikhani met at the office of Sindh Board of Investment on 10th May, 2012 to discuss legal and Technical aspects of service tax o on construction and Property. The meeting was chaired by Secretary Investment, Ms.Naheed S. Durrani.
May 07, 2012
A South Korean firm M/s Concentrix Solar Representatives visited Sindh Board of Investment. The representation included Mr. Young Sun, Ko, Executive Director, Global Projects, Mr.Shin, Un, Executive Advisor & former Ambassador to Pakistan and Mr. John Kim, Project Manager.Soitec is a leading manufacturer and supplier of Concentrator photovoltaic(CPV) systems with highly efficient Concentrix technology operating in various CPV power plants around the globe .Mr. Young said that as Sindh has blessed with absolute coordinates available for solar panels that is why CX Korea intends to install 50 MW first phase utility project in Sindh. While system efficiency guarantee is 90% while 25 years life time guarantee. CX Korea is in consultation with AEDB & NEPRA as well.
Chairman Mr. Zubair Motiwala appreciated the innovative technology of M/s Concentrix Solar and said that since is new in the market so after study proposal in terms of technical anf financial viability it will be further coordinated.
April 26, 2012
Sindh Enterprise Development Fund’s awareness seminar was the 4th major seminar to create awareness among the agriculturist and potential investors of Shaheed Benazirabad held on 26th April, 2012 at QUEST Auditorium. The Seminar was started with the recitation of Holy Quran. The CEO of Sindh Enterprise Development Fund (SEDF) Mr. Mehboob ul Haq gave welcome address & presentation about the financial subsidy being given to the investors of priority sectors of Agro-processing, Dairy, Livestock, Poultry, Fisheries, Energy, and Mining & Processing of Minerals for machinery, equipment, infrastructure development & value addition.
Later many presenters gave their presentations on their relevant sectors.
In the end the Honorable Chief Guest Ms. Naheed Shah Durrani, addressed the gathering and reaffirmed the Government’s commitment to boost economic activity in the province through the financial subsidy given by SEDF to the potential investors. The question answer and discussion session was carried out after that and many questions were answered successfully by Ms. Naheed Shah Durrani.
April 24, 2012
Secretary Investment Ms.Naheed S. Durrani held an interactive session with Dr.Riaz A Memon, Programme Director, PPHI, Mr.Mohsin A.Shaikh, Additional Director, Health Department, Ms.Iffat Malik, Chief F.A, Planning & Development Department,& Miss Shahnaz Siddiqui, Assistant Chief (H), Planning & Development Department regarding USAID funded project of Mobile Medical International Corporation (MMIC).
MMIC is a US based company with expertise in providing mobile healthcare delivery solutions including mobile surgery, cardiology, ophthalmology and maternal & child healthcare units as well as mobile laboratories. MMIC intends to launch a health outreach project in Sindh and is looking for funding options for this project as MMIC project can provide a much needed health coverage for people living in rural areas of Sindh. Ms. Durrani directed Chief F.A, P&D to coordinate with MMIC and USAID regarding Mechanism & quality of health services being offered in rural areas of Sindh along with detailed cost estimates and products line as a way forward.
April 18, 2012
Iranian Counsel General H.E Mr. Abbas Ali Abdollahi visited Sindh Board of Investment on 18th April, 2012. Secretary Investment Ms.Naheed S.Durrani welcomed H.E Mr. Mr. Abbas Ali Abdollahi at SBI and both discussed ways to enhance and further streghnthen the bilateral relations between the two brother countries.
Ms. Durrani discussed areas of possible investment between Iran and Pakistan and seek suggestions from CG Iran in terms of proposals of investment to be presented during SBI’s investment delegation visit to Iran , she said that Pakistan has huge potential of halal meat industries and Halal park where both countries can collaborate and earn maximum benefits while agro industry has massive opportunities as most of the products goes wasted at harvesting stage and there is a great demand of value addition in agribusiness. Ms. Durrani said that Sindh has abundant of land available at Sukkur and we are looking forward for Iranian assistance in establishing Shrimp/aqua culture farms as Iran has done wonders in aqua culture farming while low cost housing project, Wind Energy and drip irrigation projects shall be highlighted during visit to Iran.
H.E Mr Abbas Ali Abdollahi appreciated SBI for making efforts to promote investment in the Province & said said that a lot of things have been discussed between the two’s whereby there is a need of exploiting these opportunities in advance level,he said that Karachi is the hub of all business activities and 95% of trade and business done through Karachi Iran export 4100 tons of meat from Karachi and Iran has proposed slaughter house project in Karachi to be presented by Mayor of Mashhad Mr. Mohammad Hussain Syed , officially visiting Pakistan in May.
Both sides affirmed to officially exchange the information and proposals to the relevant departments of both Sindh and Iran.
March 26, 2012
A Korean construction consortium M/s Korean Expressway Construction Corporation (KEC) along with Deokjae Pvt Ltd, the developer of first PPP project of Government of Sindh & representatives of PPP Unit visited Sindh Board of Investment on 22nd March, 2012.
The KEC representation included Mr. Kim Jong In, Mr Jung woo Lee, Senior Manager KEC, Mr. Yoo Sung Bae, Mr BJ Lee, Senior Manager KEC. While Deokjae reprentation included Mr. Jaffer Naqvi, Country Head Deokjae, Mr.Hamid Rasul CEO Deokjae, Mr. Kim Kyu Nam, Project Director Deokjae, Mr. S, Farrukh Raza, Manager Deokjae, Mr. Khalid sheikh, Director PPP unit & Mr. Ali Khan. Mr. Zubair Habib, CEO NIP also attended the meeting.
Mr. Zubair Motiwala, Chairman SBI & Ms. Naheed S. Durrani, Secretary Investment welcomed the participant. The senior management of KEC informed & gave detailed presentation to the participants that Korea Expressway Construction is a Korean Government entity under Ministry of land, Transport & Maritime affairs with current fund size USD 2 Billion. KEC is dealing with 6 core business service including Construction & Management, Operation & Maintenance, Research & Development, Public-Private Partnership, Intelligence Transportation system & Technical training Programme. KEC has made 31 MoU’s with 31 organizations in 21 countries.
The CEO, Deokjae, Mr.Hamid Rasul said that Deokjae & KEC has recently signed MOA to be the business partner for long time and HMDC (Hyderabad Mirpurkhas Dual Carriageway) is the pilot PPP Project and is also first overseas investment case of KEC. Deokjae & KEC are committed for further joint venture in Liyari Expressway Project & Hyderabad- Badin Road Project.
Mr.BJ Lee said that because of long term retrieving structure and deep evaluation experience of Pakistani currency there is always high currency risk faced by the investor & without hedge, GIF & KEC or any foreign investor may not be able to easily invest in Pakistani Projects so, KEC requested that Government of Sindh may help in PKR/USD hedging which is the only obstacle in huge foreign investment. The Chairman SBI appreciated the KEC joint venture in Lyari Expressway project and Hyderabad Badin Road Project and said that we can elaborate these risk factors to our provincial and federal governments. While PPP Unit has drafted a infrastructure policy for hedging which has been circulated among all investors in Pakistan & is meant to protect investors & at both federal and provincial level policies are formulating and promulgating to improve existing infrastructure like in energy sector Government of Sindh is offering huge and attractive incentives to investors.
March 21, 2012
The 4th meeting of Investment Consultative Group was held at SBI. Mr.M.Ghalib Nishtar,President, Khushhali Bank Ltd, Mr.Jehangir Bashir Nawaz, Executive Director, Adamjee Insurance Company Limited ,Mr. Naim Farooqui, COO, Sindh Bank Limited, Mr. Kashif U Thanvi, Head of Agri & Rural Finance, Habib Bank Limited, Mr.Jai Perkash Mehta, Head of Syndication Investment Banking, Mr. Zubair Haider Shah, Group Head Corporative Banking Meezan Bank, Syed Ali Adnan, SVP, Head Equity & Advisory, United Bank Limited, Mr. Abdul Ghani, Joint Director, SME Finance, State Bank of Pakistan, Mr.Azam Channa, Director PM Cell, PPP Unit, Mr. Kashif Shabbir, Vice President, Pak-Libya Holding company, Mr.Manzoor Hussain Zaidi, Senior Manager, Investment Banking, Allied Bank Limited, Mr.Nouman Ansari, MCB Bank Ltd, Mr. Mahfuz-ur-Rehman,GM Credit, Bank Al-Habib Limited, Mr. Muhammad Haider Raza, GM,B&B Zones, Bank Al-Habib Limited, Mr. Sohail Ahmed Soomro, Senior Relationship Manager, Askari Bank Limited,Mr.Mohammad Haris Munawwar, Vice President, Pak-Kuwait Investment Company(Pvt) Ltd, Syed Gohar Khizer, Al Baraka Bank (Pakistan) Ltd, Mr.Arsalanullah Khan, Corporate Finance, Pak-China Investment Company,CEO, SEDF, Mr.Mehboob-ul-Haq and Mr. Zubair Ahmed Channa, Director Administration attended the meeting.
The Chair Ms.Naheed S.Durrani explained to the participants that Sindh is blessed with untapped resources and there is ample need to exploit these oppurtunities by increasing focus on value addition and to provide back support to our local industry through PPP mode. SBI is envisaged to bring more and more local and foreign investment in the province. The ICG board decided to create a more focus group of representatives from Habib Bank lImited, State Bank limited & SEDF to work on developing a product to cater the non conventional agro projects for project handling, feasibilities and risk handling.
March 14, 2012
M/s Bright Eagle Enterprises visited Sindh Board of Investment on 14th March, 2012. The visiting delegation was led by Mr.Cheng Ping, Chairman, Bright Eagle Enterprises, while other dignitaries included Wang Yujun, Executive Director and CEO of china resource Power, and LU Zhikang, Marketing Director of China National Technical import and Export Corporation.
M/s Bright Eagle Enterprise sponsored by Chinese and Korean investors would be funding conversion of KESC’s 1,260 MW Bin Qasim Power Station to coal from residual fuel oil (RFO. Chairman SBI & Secretary Investment appreciated their joint venture with KESC and welcomed the group to invest &exploit in Thar Coal which is one of the supreme reservoir in the world.
March 10, 2012
A four member delegation from Turkish Consultant consortium M/s ALDAS met Secretary Investment Ms. Naheed S.Durrani at the office of Sindh Board of Investment on 10th March, 2012. The Delegation was headed by Mr.Nezdat Ekinji Business Manager Aldas. Mr. Zahid Jan, Mr.Memet Sharif Gazi, Mr.Turabi Ilker Tuncel & Mr.Mehmood were also included in the delegation.
Senior representation from Sindh Government and local Government was at hand including Muhammad Suleman Chandio from local Government Department, Dr. Shaukat Zaman khan, Sr.Director Health KMC, Mr.Masroor Ali Arbab, Executive Engineer PHED, Sibte Ahmed Jafri, President Jafri Associates, Mr. Niaz A. Shar, MD NSUSC, Bashir Ahmed from PHDE, Mr. Faisal Khokhar, Deputy Director NIP Khairpur Special Economic Zone, Mr. Tehseen Ahmed Project Director NIP Khairpur Special Economic Zone, Captain R. Anwar, Project Director Khairpur Special Economic Zone, Najeeb Ahmed Director, Imtiaz Magsi P.M.S-III, S. Hassan Ejaz, Chief Engineer Projects KWSB, M.Ayoob shaikh, Chief Engineer Projects KWSB, , Mr. Asif Ali Khan, Project Manager S-III KWSB, Mr. Saeed Ahmed Awan, PD SCIP, Mr Rasheed Mughal, D.G Karachi Mass Transit Cell and Ghulam Muhammad Shaikh, Project coordinator (Tech) Khairpur Special Economic Zone.
Mr.Turabi Ilker Tuncel D.G Aldas gave brief presentation on operation of Aldas to the participants; he said that ALDAS is a Infrastructure Management, Consultancy Electrical Energy Production Services Construction and Contracting Inc. located in Antalya, and act as employer representative. And experienced on International arbitration proceedings. The Secretary Investment appreciated the presentation regarding the company profile of Aldas and said that since Karachi is the heart and economical hub of the country with rapidly increasing population where by to meet challenges of 21st century the Goverment of Sindh particularly looking forward for collaboration and cooperation in advance technologies to improve urban infrastructue and to speed up development process.
Senior representative sof local goverment gave detailed presentation to their relevant projects where possibilities of cooperation exist between the two countries and both sides assured to work in future of consultancy in Urban development projects.
Sindh is blessed with enormous potential for Wind Energy resource which if tapped can generate more than 50,000 MW. Wind Corridor (Gharo- Jhampir) is 60 KM wide and 180 KM long with average wind speed of 7-8 meter/sec. This was briefed by Chairman SBI while presiding a meeting in the office of Investment Department, Government of Sindh.
Govt of Sindh has taken strong measures to unfold this opporutnity and have so far approved 26 Wind Projects which will be comissioned within next one year and will generate of more than 1000 MW of energy. Mr. Muhammad Zubair Motiwala, Chairman Sindh Board of Investement shared that Chief Minister Sindh, Syed Qaim Ali Shah has recently approved allotment of 3474-34 acres of land for Nine (09) Fast Track Wind Power projects and the Revenue Department has also granted 30 years land lease to all Fast Track Wind Power Projects through investment under Renewable Energy Policy 2006.
Chairman, SBI said that efficient solution to energy crisis can only be achieved by encouraging investment in Renewable Energy Projects. All these 09 fast track projects have submitted non refundable guarantees under the new policy envisaging commissioning of commercial operations by March 31, 2013. He further elaborated that these projects plan to install 297.4 of electricity in the wind corridor of District Thatta and Jamshoro. He further said that Government of Sindh is simultaneously pursuing few other fast track cases including that M/S NBT for installation of 500 MW. Under these commitments, a total 797.4 MW can be installed by end of March, 2013.
March 08, 2012
A brainstorming session was held in the office of SBI regarding development of entrepreneurship skills in agribusiness. The meeting was chaired by the Secretary Investment, Ms. Naheed S. Durrani. Expert’s representation from both public and private sector was at hand.
The meeting agenda included discussion on entrepreneurship scheme (ADP), possibility of efficient/effective dissemination of Agri extension services to progressive small and medium farmers through agriculture department and possibilities of diversification of Agri product and increase in per acre yield through modern technology.
Meeting concluded that SBI along with leading agricultural universities, NGO’s promoting youth representation in entrepreneurship, IBA Sukkur, IBA Karachi and 4-5 modern farm owner will devised a board for taking initiatives to strategize the road map for modernization of agriculture practices and entrepreneurship through cooperation and collaboration.
March 01, 2012
The 5th Appraisal Committee Meeting of Sindh Enterprise Development Fund under the chairmanship of Ms. Naheed Shah Durrani, Secretary Investment was held on 1st March, 2012 at 02:00 pm in the Committee Room of Sindh Board of Investment, Karachi.
Application regarding Projects of M/s. Poultrymen Products (ECH Poultry Farm of 60000 birds), M/s. S.T.S Industries (ECH Poultry Farm of 30000 birds), M/s. Leghari Rice Mill, M/s. Haq Baho Rice Mill, M/s. National Seed Ventures were presented in the appraisal committee meeting. The committee reviewed applications and recommended for further approval of the board for 3 years interest rate subsidy to M/s Poutrymen Products of 15.3 Millions and M/s S.T.S Industries of 4.7 Millions & M/s Haq Baho Rice Mills of 18.3 Million and M/s National seeds of 25.14 Million. The committee also recommended M/s Leghari Rice Mills to present a revised version of their feasibility comprised of rationalized statistics, land cost, addition of power generation unit & proper machinery along with quotations for the onward recommendation to the board.
Ms.Naheed S. Durrani the new secretary of Investment department hold a meeting with the representatives of Karachi Metropolitan Corporation Health Services Group to discuss possibilities of Public Private Partnership mode in solid waste management projects.
The representatives of KMC gave detailed presentation regarding whole cycle of urban solid waste management in Karachi city informing that around 8938 tons/day solid waste is produced by the 18.935 million population of Karachi which can produce methane (Natural gas) for power generation.
Ms.Naheed S. Durrani told that SWM has huge potential in terms of profitable business as well as generating employment. Existing infrastructure of SWM and adaptation of technology based on composition of solid was discussed in the meeting.
A three member delegation comprised of representatives from prominent Japanese companies namely M/S DTS Incorporation Japan, Solid Gear Japan and e2 Intl Japan visited Sindh Board of Investment on 3rd February, 2012.
The meeting was chaired by Mr. Mohammad Zubair Motiwala, Chairman SBI. Mr. Mohammad Younus Dagha (Secretary Investment, GOS) Mr. Sualeh Farooqui (Secretary Information Technology Department, GOS), Madam Nasreen Ali (Director General, BOI, Prime Minister Secretariat Public) also attended the meeting.
Japanese Investors showed keen interest in investment opportunities available in Sindh and shown firm assurance/willingness to bring more investment in Pakistan. Mr. Hironao Takahashi (Chairman, DTS Incorporation Japan) said that DTS Inc Japan is very keen to bring investment in Pakistan. He informed that DTS Japan has already invested more than Ten (10) Million USD by developing IT Park in Karachi Pakistan. He further instilled that this visit will be helpful for DTS Japan to implement its infrastructure in Pakistan for Software Development Center, Japanese Language Center, Call Center, Training Center & Manufacturing Industry re-export to Japan.
M/S Solid Gear Japan, a subsidiary of M/S Toshiba Japan also showed keen interest in bringing investment in IT & Telecom Sectors in Pakistan by establishing a new IT and Telecom Company in Pakistan.
Chairman SBI welcomed all participants & discussed the proposal presented by the companies. Secretary Investment assured full cooperation and facilitation to Japanese investors in Sindh and briefed about investment opportunities available in Sindh in IT and Telecom sectors. Secretary Information Technology said that Information Technology is the fastest growing industry and offers highest return on investment to local and foreign investors. He added that Government of Sindh is all set to facilitate FDI (Foreign Direct Investment) through flexible investment policies & incentives. Chairman SBI assured the investors of maximum support from all concerned departments.
Karachi January 2
Chairman Sindh Board of Investment, Muhammad Zubair Motiwala has said that Sindh Enterprise Development Fund (SEDF) consider Islamic Financing as well as other mode of financing while approving applications and projects. Sindh Enterprise Development Fund's vision is to support entrepreneurship development based on Sindh's competitive advantage. The main mission of SEDF is to introduce technology & bring value addition in non conventional and vital sectors of the economy by extending technical and Ciedit assistance. This he said while presiding 4th Board meeting of SEDF at his office here today.
Mohammad Y ounus Dagha, Secretary Sindh Board of Investment told the meeting that SEDF is providing financial subsidy to enterprises, which are looking forward to upgrade from basic skills to modern technology or setup Greenfield projects in Agro-Processing, Dairy, Livestock, Poultry, Fisheries, Floriculture, Storage and Cold Chain, Mining and Processing of Minerals, Energy (Use of Solar, Bio-Gas & wind as a source of energy). I-Ie informed the Board that LDF 2012 would be held in January 2012. It would create awareness among the masses about investment potential in Sindh in these sectors. Earlier, acting Secretary SEDF Mehboob ul Haq briefed the Board about the applications recommended by the appraisal Committee for KIBOR. Members of Board went through all applications thoroughly and finally approved 3 projects namely I-Iilal Rice Mill, AMSKA Poultry Farm and Luaripak Livestock. Boards also in principle approved National Saeeds ventures subject to some conditions and advice the Secretary SEDF to bring it again in appraisal committee after ratification arise. Acting Secretary also informed Board about the progress/ update on cases earlier approved by the Board.
Member Board of SEDF Naheed Shah proposed that new schedule of all projects must be provided in next meeting. She also proposed that some technical persons should be hired to evaluate the projects before submitting it to appraisal Committee/ Board meeting of SEDF. Member Board of SEDF also proposed that evaluation form/criteria must be declared so that it would helpful for appraisal committee as well as Board to accept or reject any application. Board members also approved the recommendation of HR Committee about raise in salary of Account Manager and Credit manager by 10 %respectively and 15 % for Naib Qasid with effect from January 1, 2012.
December 21, 2011
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 has offered favorable incentives to the foreign investors. These views were expressed by Chairman Sindh Board of Investment in meeting with Russian Counsel General His Excellency Andrey Demidov in the office of Sindh Board of Investment.
Chairman SBI welcomed the proposal of Russian Consul General H.E Andrey Demidov that Russian investors would visit Pakistan and specially Sindh to discover investment opportunities in the province. He further elaborated that Sindh has a lot of investment opportunities and to boost up investment opportunities in the province, the government has established Private Public Partnership Unit to achieve the targets. He explained that Government of Sindh have shortlisted fifteen (15) Shovel Ready Projects for local as well as foreign investment.
Meeting was scheduled to review the progress in the backdrop of the visit of honorable Chief Minister Sindh Syed Qaim Ali Shah earlier in the month of October, 2011 where one Sister City protocol with Government of St Petersburg was signed. Delegates then also had detailed meeting with Vice Governor of Leningrad Region to explore areas of interest/investment for both the parties. In furtherance of understanding between two sides Government of Sindh has drafted two agreements of cooperation in the field of Energy, Mining, tourism, Culture, Education, Sports, science and Technology.
December 10, 2011
First Board meeting of Sindh Stone Development Company was held to devise the way forward for establishing a special economic zone for promoting value addition and exports in the Marble & Granite cluster. The zone will comprise of cutting edge processing industry, common training facilities, exhibition area, warehouses and machinery pool.
Mr. Zubair Motiwala informed the participants that the foremost objective of this effort is to enhance the export of valuable marble and granite resources of Pakistan by focusing on increased competitiveness and modernization of existing marble practices. He informed that very high demand exists in the international market for Pakistani marble but unfortunately it could not be satisfied due to dearth of modern technology among the existing players. Countries like Italy and China have expressed keen interest for transfer of technology for processing units to be established in this industrial park.
SecretaryInvestment, Mr. Mohammad YounusDagha highlighted the objectives for the establishment of independent company under the umbrella of Sindh Government; he elaborated that Government of Sindh has allocated 300 acres of on the northern by-pass with availability of fresh canal water from Hub Dam.
Mr. Dagha said that our prime objective is to facilitate the existing middle class enterprenures by providing them with technical assistance and one stop facilitation to enhance export oriented productivity of this sector and to avoid wastage of raw material. He further said that the project shall have tremendous investment and growth potential for entrepreneurs being based on high end technology, innovation and services. The concept is based on a cutting edge technology, common facility, training institute and most technologically advanced industrial park for Marble & Granite sector in Karachi.
The meeting was also attended by the directors from private sector Mr. Sanaullah Khan, Mr. Amin Hashwani and Mr. Haroon Rashid. They assured the board of their dedicated support development of Marble industry
SSDC intends to engage consultant firm for master planning &infrastructure development. Sindh Land Management Development Company has offered to share their expertise in topographical survey and master planning of the zone. They have been requested to submit a proposal for fast track implementation of the project.
December 09, 2011
To fully exploit the stone and granite reservoirs of the province, Sindh Board of Investment registered a company as “Sindh Stone Development Company” having Registration No. PAR/KAR/REG/2011-12/020 under section-42, of the Company Ordinance, 1984, The objectives of company is to enhance better income resulting from improved skills through training programmes in order to improve operational conditions for people working in this sector. The company shall be working to provide job Oppurtunities to curb poverty ratio in possible way. The company shall also be taking measures to promote export of marketable stone and granite products, ensuring possible waste reduction.
The Seven member board of the company shall be headed by Mr. Muhammad Zubair Motiwala, Chairman Sindh Board of Investment. The board of directors shall be comparised of Secretary Investment Department, Secretary Commerce and industry & Secretary Mines & Minerals from public sector and Mr. Amin Hashwani, Mr. Sanaullah Khan and Mr. Haroon Rasheed from private sector.
20th November, 2011
SBI took another investment delegation to the Peoples Republic of China from 15th to 19th November, 2011. The delegation was headed by Speaker Sindh Assembly, Mr Nisar Ahmed Khuhro and accompanied by Chairman, SBI, Mr. Mohammad Zubair Motiwala, Secretary Investment Department, Mr.Mohammad Younus Dagha and other Government officials and private businessmen. Sindh Government has signed four memorandum of understanding (MoU) with two Chinese companies for investment in the energy projects worth $ 10 billion.
The Investment will be made by the Chinese companies in Thar coal, wind power and manufacturing plant for wind turbines.
M.Younus Dagha said that the Government would be able to produce 4,300 MW of electricity through the Thar coal project with the investment of China, foreign investors have shown an interest to invest in Thar coal fields where we have the world’s second largest reservoirs of coal, he added. The investment will be made in phases during the next five to six years adding all the MoU’s were signed in Beijing.
Mr. Nisar Khuhro said that the infrastructure development projects had already been launched in Thar area to facilitate the investment by Sindh Government in collaboration with the Federal Government.
November 01, 2011
A delegation of United Energy Group headed by Dr.Ameer Azim Daudpota, Support Service Manager accompanied by Mr.Zhang Wei, Project Manager, M. Zaheer Alam, Regulatory Affairs & Business Support Manager and Mr. Ali Azfar, Business Development Lead, met Secretary Investment, Mr.Mohammad Younus Dagha at the office of Sindh Board of Investment.
While briefing about their company the group informed that they are in the initial stage of setting up of 150 MW Wind energy project in the initial phase and they have plans to further enhance the project to 500 MW.
Highlighting the bottlenecks being faced by the group for acquiring the land for their project, the group requested for providing the necessary assistance.
The Secretary Investment,Mr.Mohammad Younus Dagha said that land allocation is not at all a issue for Sindh Government as sindh is blessed with plenty of land with suitable wind coordinates and cooridors .He further said that as AEDB is a federal Government wing so its necessary to fulfill all the criteria defined by that board. Mr. Dagha told the delegation that as the land has been identified by the investors themselves so it would be much better that survey team of united energy group incorporated with EDO (Revenue) Thatta, to visit the site to check ownership of land for better technical assistance and evaluation of the site.
He assured the delegation of all possible assistance from Government of Sindh and said that Government of sindh is committed to facilitate investors on prior basis, serving the aim of SBI’s establishment. The delegation appreciated the gesture of cooperation from the Secretary Investment.
October 30, 2011
A German delegation representing M/s Siemens AG met Secretary Investment, Mr. Mohammad Younus Dagha on 30th Oct, 2011 in the office of Sindh Board of Investment.
The participants gave detailed presentation of the operation of Siemens AG and informed that Siemens AG is a global powerhouse in electronics and electrical engineering, operating in the industry, energy and healthcare sectors. Siemens AG is supplier of innovative, environment friendly products. The delegation informed the chair that the history of Siemens date backs to 1937 and is today operational worldwide.
The delegation further said that the reliability and availability of Siemens has been internationally vetted as today the focus is not only on procurement cost but on products entire lifecycle costs including operational outlays and resource use, as Sindh Government is enthusiastically pursuing Thar Coal Project for which Siemens intends to offer its steam turbines, boilers, generators and other energy optimized equipments and systems.
Mr. Mohammad Younus Dagha appreciated the presentation of energy efficient products being presented and also discussed technical requirements for power generation from Thar Coal.
October 23, 2011
A delegation headed by the Chief Minister Sindh, Syed Qaim Ali Shah proceed to Russia for signing of protocol between Russian Federation and Pakistan.
The CM Sindh was accompanied by the Chairman Sindh Board of Investment, Mr. Mohammad Zubair Motiwala, The Secretary Investment, Mr. Mohammad Younus Dagha, Administrator Karachi, Mohammad Hussain Syed and other senior officials of Sindh Government
CM Sindh, Syed Qaim Ali Shah and the vice-Governor of St.Petersburg, Alexander Prokhorenko, have signed a protocol drawn up as a result of negotiations on cooperation between the two sides as a follow up of the official visit of Honorable President Asif Ali Zardari .The signing ceremony was held on October 25, 2011, in the office of the Governor of St.Petersburg, Russia.
Vice-Governor of St.Petersburg gave a detailed briefing about history, economic trade and education system in the region .Alexander informed the Chief Minister Sindh that Russian Federation desires to extend friendship to the people of Pakistan through the energy projects initiated in northern parts of the countries. He said that the industrial and intellectual cooperation is very useful for both the sides and this will usher a new era of cooperation.
Later the CM Sindh informed the vice-Governor that the present democratic government of Pakistan under the leadership of President Asif Ali Zardari is committed to develop strong relationship between Russia and Pakistan. The protocol aims to carry out approval procedure through a draft agreement in accordance with the laws of Russian Federation and Islamic Republic of Pakistan. The Sindh Chief Minister said that the guidelines of the protocol will be helpful in developing and maintaining close relationship between the two countries. The agreement enunciates to expand cooperation in the areas of energy, health care, social development, sports and long term cooperation in the area of industrial production, construction, planning, city management, telecommunication and city public transport and all this is expected to be achieved through regular working meetings, consultations and negotiations.
October 22, 2011
The International Coal Conference-2011, jointly organized by the Coal and Energy department of Sindh and Sindh Board of Investment was held on 22nd Oct, 2011 in a local hotel in Karachi.
The Conference was attended by the Honorable Prime Minister of Pakistan, Syed Yousuf Raza Gilani, Honorable Governor Sindh, Dr.Ishratul Ibad, Honorable Chef Minister Sindh, Syed Qaim Ali Shah, Federal Minister for Water & Power , Syed Naveed Qamar, Provincial Ministers, Domestic and International Specialists, Foreign Investors, diplomats and other stake holders.
The Honorable CM Sindh, Syed Qaim Ali Shah in his welcome address said that the first International conference was well represented by all relevant stake holders and this participation of conference has made the conference extremely important and a major step towards national security. He said that all Federal and Provincial ministries, departments and agencies are working collectively under Thar Coal and Energy Board on fast track materialization of Thar Coal project. He further thanked Prime Minister Pakistan and Governor Sindh to grace the occasion.
Honorable Prime Minister of Pakistan, Syed Yousuf Raza Gillani spoke to the conference, he said that the objective of his participation in the energy moot itself was to convey the commitment of the democratic government to the successful development of the Thar Coal Project, since energy is an essential driver of the country’s economy, hence is the top priority of the government. He said that the Thar Coal Development project was the vision of the Shaheed Mohtarma Benazir Bhutto who had laid the foundation of development of Thar coal field in 1993, and the current govement took up the project on priority. He appreciated CM Sindh, Syed Qaim Ali Shah for resolutely working to develop the Thar Coal reserves in a strategic and systematic manner to ensure the country’s national security agenda.
The Federal Minister for Water and Power, Syed Naveed Qamar said that government was focusing on shifting power generation from expensive furnance oil to coal and coal reserves of thar can be a sustainable solution to the energy crises.
Dr.Marcos Leontidis, a mining expert from Greece and Dr. Larry Thomas, Coal expert from UK discussed the best quality of Thar coal as compared to other coal mines in the world. Representatives of international firms and coal mining companies made presentation during the conference.
The Chairman SBI, Mohammad Zubair Motiwala briefed the participants about investment potentials of Thar coal deposits, he added that many international investment companies from China, South Korea,Germany,Czech Republic,Australia,UK and Turkey had shown interest in coal mining, power generation and infrastructure development and Sindh government is conducting international competitive bidding for blocks VIII, IX & X of the Thar coal fields and also for blocks in Sonda and Badin for attracting companies to invest in coal mining and power generation.
The Secretary Coal and Energy development, Mr. Mohammad Younus Dagha gave detailed presentation to the Honorable Prime Minister regarding progress and efforts of Thar Coal Energy department and Thar Coal Energy Board for fully exploiting the Thar Coal reserves.
October 13, 2011
Representative of M/s HSI Ping Trading china’s leading trading association visited Sindh Board of Investment. The meeting was chaired by Chairman SBI, Mr. Mohammad Zubair Motiwala and was held in the office of Sindh Board of Investment.
The meeting was attended by Miss Liu Xiao Xiang and Mr.Hsi Ping Tsui, Sr Vice Chairman, Managing Director of M/s HIS PING TRADING and representatives of SBI.
Mr.Hsi Ping Tsui informed the chair that M/s HIS PING TRADING is a renowned name in china and are willing in joint venture with Government of Sindh in coal and other sectors of economy.
The chair welcomed the participants and informed them that Government of Sindh is offering unmatched incentives to local and foreign investors in almost every sector. Director Projects SBI, Mr. Mehboob-ul-Haq gave detailed presentation to the participants on Thar coal reserves and informed that Thar has one of the largest coal reserved in the world and the credibility of reserves has been vetted by world class geologists and feasibilities and studies on Thar coal has been reconfirmed by Chinese consultants as well.
The Chairman SBI also invited the Chinese participants in International Coal Conference which is a joint venture between Coal and Energy Development Board and Sindh Board of Investment and scheduled to be held on 22nd Oct, 2011. He said to the Chinese representatives to submit a proper proposal along with complete details of their technical team so that SBI would help them in arranging high level meeting with Government of Sindh’s officials.
The meeting ended with vote of thanks.
September 30, 2011
Halal Food Conference and Business Matching 2011, organized by Royal Thai embassy, Islamabad & Sindh Board of Investment (SBI) was held in PC Hotel Karachi, The Conference is a part of series of events co-hosted by the two countries to commemorate 60th anniversary of the establishment of the diplomatic relations between Thailand and Pakistan.
The Thai embassy in Islamabad had initiated a number of activities to promote cooperation in Halal Industry between the two countries since 2008, said the ambassador.
The main objective of the event was to promote better understanding of Halal food quality, Production and certification procedure in Thailand, as well as to boost business cooperation and joint venture in Halal food sector between the two countries.
The Secretary Investment, Mr.Mohammad Younus Dagha in his opening remarks welcomed the Thai delegation and said that Government of Sindh is looking forward to collaborate with Thailand in Halal Sector.
Chairman SBI, Mr.Mohammad Zubair Motiwala in his address said that Halal certified products are viewed by Muslims as a mark of quality and added religious safeguard. Halal food can be consumed by Muslims and non Muslims as well. He further said that presently there are 1.4 billion Muslims worldwide and Pakistan has huge market for Halal Products.
Various Thai food companies also set up their stalls to promote Halal products of Thailand in Pakistan.
The Ambassador of Thailand H.E Mr. Marut Jitpatima said that conference would be useful in providing knowledge and understanding on Halal facts, Potential and advancement of Thailand’s Halal Sector among Pakistani audience.
September 21, 2011
3rd SBI Investment Consultative Group meeting was held on 21st of September, 2011 in the committee room of Sindh Board of Investment. The meeting was chaired by director (Projects), SBI.
The meeting was scheduled to brief the Investment Consultative Group members with the projects under the umbrella of Sindh Enterprise Development Fund. Director Projects shared the projects and their details with the participants. The member applauded the initiatives taken by SBI for promoting non traditional sectors of the economy for investment.
The members showed their interest for financing these projects and expressed their every possible support for promoting investment in the province.
The details of Sindh Investment and Trade delegation were also shared with the group members. They were informed about the recent visit headed by the Honorable Chief Minister to Korea and its positive outcome in the shape of joint venture agreement between Al-Tuwairiqi Steel Limited and POSCO, the world third largest steel manufacturer.
The members were also appraised for the upcoming Sindh Investment and Trade delegations next visit to Peoples Republic of China and Russian Federation. The chair further informed the group that in order to strengthen the tradition of result oriented visits, SBI wishes to have members for delegation’s next visit to Russian and China from this platform especially for financial sector.
One of the members suggested a proper booklet as a marketing tool indicating the specific projects for investment in Sindh for the audience in Russia and China. SBI has also shared the upcoming Halal and Coal conference for projection of available investment Oppurtunities in the Province.
August 17, 2011
Mr. Abu Bakar Manmat, the newly appointed Consul General of Malaysia in Pakistan paid a courtesy visit to Chairman, Sindh Board of Investment, Mr. Mohammad Zubair Motiwala on 17th august, 2011 at his office.Mr.Mohammad Zubair Motiwala welcomed Mr. Abu Bakar Mamat and presented good will for his new assignment in Pakistan.
The Consul General was accompanied with The Regional Manager of Malaysian Palm Oil Board (MPOB), Mr. Fairus Hidzir and Mr.Ahsan Zuberi, Chairman Pak-Korea Business Council.
Both the sides discuss various aspects to promote business ties between the two brotherly nations. The Chairman SBI informed the Consul General Malaysia regarding SBI’s initiatives for the promotion of Halal industry in Pakistan particularly in Sindh region in initial phase. Mr Motiwala elaborated that Government of Sindh is very much keen to enhance Halal Business in this region and for halal certification and accredition of products; SBI has signed Memorandum of Understanding with HDC Malaysia in Kuala Lampur on 1st December, 2010.
He added that as Pakistan is new entrant in Halal sector while Malaysia is one of the key player to Halal Industry therefore Pakistan is seeking Malaysian assistance in shape of technical training, equipments for the establishment of Halal laboratories in Pakistan and this partnership is deemed as a historic milestone in SBI’S progress towards development of Halal industry in Pakistan.
Mr. Fairus Hidzir, Regional Manager (MPOB) said that Pakistan is the 2nd highest consumer of Malaysian palm oil therefore Malaysia seeks long term partnership with Pakistan beyond just selling and buying and Malaysia is willing to work over pilot projects of Palm oil plantation in Pakistan for which SBI assured to arrange meetings between Secretary Agriculture and Malaysians investors for future commitments.
Chairman, SBI also respond back to Malaysian investors concern over security matters in Pakistan, he said that government is taking serious measures to curb such insecurities and beside all propaganda Pakistan is still a business friendly destination for many investors and they have witnessed remarkable progress in their businesses which is a history. In Sindh SBI is facilitating worthy investors in every manner.
SBI also informed the Consul General that SBI in collaboration with TDAP is organizing a bilateral investment conference in near future to portray the development projects along with financial aspects in which foreign investment companies are participating and welcomed Malaysian P alm oil Company to join this investment conference.
The Consul General of Malaysia appreciated SBI initiatives for bilateral trade enhancement and affirmed to continue this friendly relation in future as well.
August 09, 2011
The Sindh Enterprise Development Fund has approved seven important projects that would be assisted through provision of subsidy on its finances. "It is only the Sindh Government that has introduced subsidy on finances of projects that include processing plant for agriculture projects, fisheries and livestock including poultry” said Sindh Board of Investment’s Chairman Muhammad Zubair Motiwala. “ it is a unique and bold initiative of the Sindh Government that would go a long way in introducing value addition technologies inthe rural economy and enhancing the income of farmers and job Oppurtunities in the rural areas” he said.
These Projects were approved by the SEDF Board that met under the chairmanship of Mr. Mohammad Zubair Motiwala at the office of Sindh Board of Investment on tuesdy, dated 9th August, 2011. The Secretary Investment Mr. Mohammad Younus Dagha was also present at the meeting.
The Livestock and dairy Processing are offered financial subsidy through the SEDF whereby the KIBOR part of the interest is paid 100 percent through this fund, making the financing also interest free for 3 to 5 years.
The seven different Projects were approved for subsidized financing has been approved. In addition the board also approved five dates processing plants in Khairpur and Sukkur.
Earlier, the SEDF secretary informed the meeting about the recommendations made by the appraisal committee on the projects. It was also decided that the SEDF will provide KIBOR subsidy for the three years initially which may be extended for two more years. The meeting was attended by Miss Shahida Qaiser of TDAP and Abbas Akber Ali, Usman Khatri members from the private sector.
July 09, 2011
SBI called a meeting of private sector participants for the proposed visit to the Peoples Republic of China from 13th-16th July, 2011.
The meeting was chaired by Secretary Investment, Mr. Mohammad Younus Dagha. He discussed with participants regarding their proposals and project to be offered to Chinese investors during the said visit. SBI also shared programme details with the participants which has been prepared in coordination with Pakistan embassy in China and Chinese Peoples Institute of Foreign Affairs (CPIFA).
June 30, 2011
Chinese Consul General H.E Mr. Zhang visited SBI on 30th June, 2011. The meeting was chaired by Advisor to Chief Minister Sindh on Investment, Mr. Mohammad Zubair Motiwala.
Mr. Mohammad Younus Dagha, Secretary Investment Department informed His Excellency about SBI’s upcoming delegation visit to the Peoples Republic of China from 12th -16th July, 2011. He said that the Prime objective of this visit is to attract Foreign Direct Investment in Sindh; he further stated that during the visit to china Pakistan businessmen will meet foreign investors belonging to Power Sector, Urban Development, Textile and many other sectors of economy. H.E Mr. Zhang Jianxin appreciated SBI’s role in promoting business ties and extending business relations across the globe and assured his support and assistance for the delegation to China.
SBI also assured the Chinese Consul General H.E Mr. Zhang Jianxin to expediate the implementation of MoU signed by China wind Energy Company for Power Generation of 2,000 MW in Pakistan.
June 11, 2011
SBI organized awareness seminar in Sukkur, Mirpurkhas on 11th June, 2011 at state Life building auditorium. The key objective of the seminar was to create awareness & to draw attention of the local investors towards the immense potential of various sectors in Sindh province and to chalk out the road-map to transform investment opportunities into business operations.
The acting Secretary SEDF Mr.Mehboob-ul-Haq gave detailed information to the participants regarding role of SEDF and also informed that SEDF is giving official subsidy in the form of KIBOR(Karachi Inter Bank Offer rates) on the bank loans being offered in the priority sectors of Agro Processing, Dairy,Livestock,Poultary,Fisheries,Flouriculture,Aquaculture,Mining and Processing. He further elaborated the potential for the value addition, modern farming techniques, export potential in International Market & the projects which are currently under observation including Milking Parlor, Milk pasteurization plant & Environmental Controlled Poultry Farm.
The Manager Supply Chain of Pakistan Horticulture Development & Export Company (PHDEC) gave his presentation on the objectives of PHDEC & said that PHDEC is providing technical, marketing & business development assistance to exporters
Mr. Saleem Rajhani Sector Development Specialist of Firms Pakistan identified the basic problems in getting the high quality yield of mangos and other fruits in the region of Sindh. He informed that Firms Pakistan along with the collaboration of USAID started the training program for the farm workers to handle the fruit & make it available for the international market according to their standards.
Presentation on modern dairy farming techniques was being given by Dr. Nasir Javed, Manager Milk Collection in Engro Food Ltd Pakistan. He said that Pakistan is the 3rd largest country in producing milk. He further explained the procedures of different milking parlors being used in modern dairy farming in developed countries.
The Director Chemi Group of Industries Mr. Munir Ahmed Dogar informed the participants about the detail procedure of delinting of cottonseed.
Presentation on responsibilities & achievements of SMEDA (Small & Medium Enterprise Development Authority) was given by Regional Business Coordinator Mr. Ikhtiar Ahmed Khoso, Mr. Ghulam Hussain Memon, DCO Mirpurkhas highlighted the opportunities of investment in Mirpurkhas District
May 23, 2011
As a part of SBI’s initiatives to promote Sindh as an ideal destination, SBI has planned to organize series of Road shows for which investment and trade delegations are being formed to visit different countries.
SBI successfully organized its first trade delegation visit to the Republic of Korea from 17th May to 21st May, 2011. The delegation was led by the Honorable CM Sindh and was accompanied with Ambassador of Korea in Pakistan H.E, Choongjo Choi, Advisor to CM Sindh on Investment, Mr. Mohammad Zubair Motiwala, Secretary Investment Mr. Mohammad Younus Dagha, High level Provincial Government’s officials and leading Businessmen & Business Houses of the country like Engro, Al-Tuwairiqi and others relevant sectors to participate in Korea International Trade Fair (KOIF) 2011 with the aim to showcase the potential wealth of the province and to attract foreign investment in different sectors of economy.
The CM Sindh, Syed Qaim Ali Shah has invited Korean investors to come forward and invest in Sindh, which is the heart of country’s economy and having huge business potential. Speaking at the Sindh Investment Seminar 2011 at Seoul organized in collaboration with the Pakistan embassy in Seoul and Korea Chamber of Commerce and Industry, Qaim said that people of Pakistan are looking forward to benefit from Korean expertise. The seminar was largely attended by the Korean Businessmen who took great interest in the investment oppurtunities available at Sindh. He further stated that Sindh possesses many natural resources including vast area full of coal reserves in Thar area which are being utilized for development and progress.
Advisor to CM on Investment, Mr. Mohammad Zubair Motiwala in his speech highlighted that Pakistan continued to remain a destination of choice among foreign investors despite deteriorating law and order situation and the investors never faced any loss in their businesses. He also thanked Korean Chambers for organizing a successful investment seminar. The Secretary Investment, Mr. Mohammad Younus Dagha in his presentation highlighted the Wind Energy sector, Mass Transit, Infrastructure development of Karachi Education City which are being enthusiastically pursued by the Sindh Board of Investment and other related sectors of economy.
The Secretary Coal gave a detailed presentation to the Korean Businessmen and invited them to join hands in developing Thar coal reserves which can rid the country of its economic woes. Secretary Livestock and Fisheries Sindh, Laiq Ahmed Memon considering the Korean expertise in Aquaculture and Processing presented investment Oppurtunities that are being offered by the Government of Sindh. DG Public Private Partnership Unit, Sohail Rajput gave presentation on various projects which are being offered by the Government of Sindh under PPP mode of investment in setting up LNG terminal at Port Qasim. After B2B meetings with various companies participated in KOIF-2011, SBI signed a Memorandum of Understanding (MoU) at Seoul with Korean Importers Association (KOIMA) in order to boost exports from Sindh. The MoU was inked by the Secretary investment on behalf of the Sindh Government while the Korean Importers Association represented by its Chairman.
May 09, 2011
SBI as a part of its efforts hold another successful awareness seminar of SEDF on 9th May, 2011 at Paediatric Auditorium of Chandka Medical College, Larkana. The seminar witnessed a huge gathering including entrepreneurs, farmers, Growers, DCO’s, EDO’s, representatives of all districts of the province. The event received wide media coverage.
The Secretary/DG Investment Department and acting CEO of SEDF Board, Mr. Mohammad Younus Dagha inaugurated the seminar with his speech. He said that Sindh government has invited potential entrepreneurs to invest in setting up small scale industrial units in the province by taping local raw material and resources, initially Government has earmarked 750 million to extend financial assistance to willing parties and for this purpose SEDF has been established. Mr. Mohammad Younus Dagha highlighted the objectives of SEDF, saying that SEDF is giving financial subsidy in the form of KIBOR (Karachi Interbank Offer Rate) on the Bank’s Loan being offered in priority sectors of Agro-processing, Dairy, Livestock, Poultry, Fisheries, Energy, Floriculture, Mining & Processing of Minerals. He informed that SEDF is also providing technical assistance in preparing feasibility reports & documentation for the application of Bank Loan. He further elaborated the potential for the value addition, modern farming techniques, export potential in International Market & the projects which are currently under observation including Milking Parlor, Milk pasteurization plant & Environmental Controlled Poultry Farm. The seminar proceeded with the presentations by the participants.
The Director Chemi Group of Industries Mr. Munir Ahmed Dogar informed the participants about the detail procedure of delinting of cottonseed. He said that cotton obtained from the field contains about 65 to 70% cottonseed. When the seed is delinted, it yields lint as a by-product. He further explained the machinery & equipment used for the whole process to delint the cottonseed and to get the edible oil. He also motivated the people of the Sindh to work harder to bring the agricultural revolution in the province of Sindh.
Mr. Muhammad Munir Shaikh (CEO Noor Rice Mill) identified the problems in getting the loan and preparing feasibility reports. There was a strong presence of Rice Millers in the hall. He also identified the loss that most of the Rice Millers suffered due to the devastating flood situation in the region of Sindh. He asked the Government to help the Rice Millers in giving the financial subsidy so that they could not only be able to built the new rice processing plants but also can repair the damages caused by the flood.
Mr.Ikhtiar Ahmed Khoso, Regional business coordinator gave a detailed presentation regarding SMEDA’s responsibilities and achievements; he said that contribution of SMEDA in GDP is 30% whereas contribution of SMEDA in employment is 99% in non agriculture jobs. Mr. Khoso explained that SMEDA identifies research parameters; conduct overall monitoring evaluation of SME’s. He further stated for existing businesses SMEDA provide assistance in developing marketing plan, increase productivity, imports/exports matters and bringing the product into the international markets and explained the projects being supported by SMEDA along with the Rice production belt in the region of Sindh. Mr. Ghulam Hussain Senior Vice President of National Bank shared information of National Bank branch structure and financial position with the help of data. He elaborated the work scope of Agriculture Financial Officers (AFO’s) tasked to visit the potential borrowers, small enterprises, association and customers for the agriculture credit. DCO Larkana Mr. Abdul Aleem Lashari highlighted the Oppurtunities of investment in Larkana district, he said that Larkana is a hub of many small and large scale industries in which rice mills are prominent, he further stated that Larkana provides ideal investment Oppurtunities, by providing technical and semi skilled labour force.
Mr. Younus Dagha also responded to the queries of the participants and also assured that field officers from SEDF will work with Rice millers to get data and then preparing their feasibilities with the collaboration of SMEDA and will assist them in getting the agricultural loans from banks.
April 28, 2011
A delegation of Korean Southern Power Company Limited (KOSPO) called on the Advisor to Chief Minister on Investment, Muhammad Zubair Motiwala at his office. Korean Power Company has expressed keen interest in setting up wind corridor of Sindh for generating 2,000 megawatts (MW) of electricity in the next five years.
The Korean delegation was led by Mr. Park, Seog- Ho and General Manager of Hyundai Corporation Jin Han Chung.The Secretary Investment and Director General SBI, Mr. Muhammad Zubair Motiwala was also present on the occasion. The Koreans also made commitment to generate at least 2,000 MW of electricity from wind power in next two years. They said that KOSPO was producing 9, 238 MW of power from coal, LNG, oil and wind in Korea with an investment of $5 billion, while the company also engaged in producing electricity in the United Arab Emirates, Jordan and Bulgaria. The Hyundai Corp representative also showed intention of putting up a wind turbine manufacturing plant in Pakistan to cater to the needs turbines in other wind energy projects. Chung also showed interest in power generation from Thar coal.
Mr. Motiwala assured the delegation for full support for the provision of land as per Government’s investment policy. SBI and Korean entrepreneurs also discussed the strategy to sign Memorandum of Understanding (MoU) between the two’s during SBI delegation visit to South Korea headed by the Honorable Chief Minister from 17th to 28th May,2011.
April 19, 2011
SBI in a meeting with the Honorable Chief Minister Sindh gave a briefing on progress on Master Planning and presentation on the draft on EC. Act on Tuesday the 19th April 2011 at CM House.
The Honorable CM Sindh, Syed Qaim Ali Shah presided the meeting. Mr. Mohammad Zubair Motiwala, Advisor to CM on Investment, Agha Siraj Durrani, Minister Local Government, Minister Law, Mohammad Ayaz Soomro, Chief Secretary Sindh, Abdus Subhan Memon, ACS P&D, Mohammad Ishaq Lashari, Mr. Younus Dagha, Secretary Investment/DG SBI, relevant Secretaries to the Government of Sindh, Other high level Government officials, and the stakeholders were present in the meeting.
At the outset the Honorable CM Sindh stated that Education City Project is the most promising project for the future with an objective of provision of advanced and quality education. He further stated that Government of Sindh is much keen to make fast progress on Education City Project and will also make available the necessary resources required for infrastructure development, the CM Sindh stated that in order to save the Education City land from encroachers, the Government is taking strict measures.
Mr. Mohammad Younus Dagha, Secretary Investment gave a detailed briefing on the silent features of the draft Education City Act 2011 and other aspects of the project. Mr. Yawar Jillani of Arcop gave a detailed presentation on various aspects of the Master Plan.
With a task to review overall progress of master planning of Education City and to prepare a draft for law department for vetting purpose, the CM Sindh also constituted a committee comprising of Law minister Sindh, Mr.Ayaz Soomro, Advisor to CM on Investment, Mr. Mohammad Zubair Motiwala, Chief Secretary Sindh, Mr Abdus Subhan Memon and Secretary Investment, Mr. Mohammad Younus Dagha.
April 16, 2011
A seminar of SEDF awareness was organized by SBI on 16th April, 2011 at IBA Sukkur auditorium to create awareness in the potential investors about the aims and objectives of Sindh Enterprise Development Fund established by the Government of Sindh with an investment of Rupees 750 million.
The Seminar was attended by more than 200 participants including DCO’s, EDO’s of different districts of Sindh, representatives of multinational firms, banks, business leaders and scholars. The key note speech was given by Mr. Nisar Ahmed Siddiqui, Director IBA Sukkur in which he threw lights over the contribution of IBA by providing quality education to the people of Sindh.
The seminar started with presentation by Mr. Mohammad Younus Dagha, Acting CEO of SEDF and Secretary Investment/ DG SBI. Mr. Mohammad Younus Dagha highlighted the objectives of SEDF, saying that SEDF is giving financial subsidy in the form of KIBOR(Karachi Interbank Offer Rate) on the Bank’s Loan being offered in priority sectors of Agro-processing, Dairy, Livestock, Poultry, Fisheries, Energy, Floriculture, Mining & Processing of Minerals. He informed that SEDF is providing technical assistance to potential investors in preparing feasibility reports & documentation for the application of Bank Loan. He added that SEDF provides 100% KIBOR subsidy on the capital cost & 50% KIBOR subsidy on the working capital of the project. He further elaborated the potential for the value addition, modern farming techniques, export potential in International Market, Halal Food & the projects which are currently under observation including Milking Parlor, Milk pasteurization plant & Environmental Controlled Poultry Farm.
The Director General Agriculture Mr. Waheed Shaikh gave presentation on the value addition and investment Oppurtunities in agriculture sector. The Chairman Chemi Group of Industries Mr. Usman Ghani Khatri informed the participants about the detail procedure of delinting of cottonseed. He further explained the machinery & equipment used for the whole process to delint the cottonseed and to get the edible oil.
More information about the horticulture export procedure & proceedings was being elaborated by General Manager- Pakistan Horticulture Development & Export Company (PHDEC) Mr. Razzaq Ahmed Malkana.
Presentation about the Investment opportunities and initiatives taken by District Government of Khairpur was given by EDO Khairpur Mr. Faisal Khokhar.He told the participants about the geographical importance of Khairpur district& main crops of Khairpur.He said that Khairpur is especially famous for producing export quality dates (almost 85% of the province’s dates are produced in Khairpur) which is undoubtedly is the largest crop of Khairpur District.
Mr. Inamullah Dharejo, DCO Sukkur highlighted the oasis of investment in Sukkur District. He said that Sukkur is a hub of many small and large scale industries in which cotton ginning industry, Rohri Cement Factory, Rice-husking, Kiran Sugar Mill, Continental Biscuits, Engro Foods (Olpers), Flour Mills, Beverages & Traditional Cottage Industry, boat making, thread weaving etc are prominent. He concluded his presentation by saying that Sukkur provides ideal investment opportunities, by providing open plots available in S.I.T.E. on affordable rates, technical & Semi-skilled labour force.
The closing session was addressed by the Honorable Chairman SEDF and Advisor to CM on Investment, Mr. Mohammad Zubair Motiwala. He urged to resolve the problems faced by new investors and reaffirmed the Government’s commitment to boost economic activities in the province.
Mr. Younus Dagha also replied in detail to the questions asked by the participants.
March 25, 2011
The Deputy High Commissioner for UK, Mr. Robert W. Gibson on completion of his assignment in Pakistan, paid a farewell visit to Sindh Board of Investment on 25th March, 2011. Mr. Zubair Motiwala and Mr. Mohammad Younus Dagha received Mr. Gibson in SBI’s office at FTC.
The Advisor to CM Sindh on Investment Mr. Mohammad Zubair Motiwala appreciated Mr. Gibson’s role during his tenure in Pakistan and desired to further strengthen the friendly relations between Pakistan and UK governments especially in the fields of Education and Energy.
March 22, 2011
Sindh Board of Investment in collaboration with Halal industry Development Corporation (HDC) of Malaysia organized an International Halal Conference on 22nd of March’2011 and two fellow sessions on 23rd March, 2011 at local hotel in Karachi.
The Honorable CM Sindh Syed Qaim Ali Shah inaugurated the conference. CM Sindh applauded the efforts of Sindh Board of Investment for bringing awareness of the fast growing trillion dollar global Halal Industry. He further stated that this conference would take ahead the province and country towards higher international trade and industry and value addition industry.
The Advisor to Chief Minister Sindh on Investment, Mr. Mohammad Zubair Motiwala said that the conference was a manifestation of commitment of both SBI and HDC to successfully implement the memorandum of understanding (MoU) signed between SBI and HDC on 1st December, 2010 at Kuala Lampur, Malaysia for the development of Halal Sector in Pakistan. HDC is a Malaysian Agency responsible for promotion of Halal industry in Malaysia. He said that very soon HDC will be training Pakistan’s institutions in Halal certification and registration we will be able to start certification of Halal products in the next couple of months.The Secretary Investment/ Director General Sindh Board of Investment, Mr. Mohammad Younus Dagha in his presentation highlighted that Malaysia was one of the key players in global Halal Sectors and Pakistan would be one of those few Muslim countries which would have a legal structure to develop Halal industry and play due role in the trillion dollar Halal market which continuous to grow. Certification of Halal products will begin by the end of the year in Sindh with the help HDC of Malaysia, He said that SBI with assistance of HDC was also working on a proposal to develop a Halal Park with infrastructure to facilitate growth of Halal industry. The Malaysian delegation was led by chairman HDC, Tan Sri Dato, CEO HDC Seri Jamil Bidin, Dr Syed Jalal-ud-din Syed Salim and other senior officials of HDC.The Malaysian delegation were optimistic of their alliance with SBI for Halal industry promotion. Two follow up sessions discussing future course of action for regular framework and trade in Halal sector were also held on next day of seminar. The two days event received a very positive feedback from local business community as it provided a good opportunity for brain storming and consultation between the government officials, local businessmen and the Malaysian delegation. The Conference was widely attended by Foreign diplomats, Provincial and Federal Government officials and local businessmen.
March 16, 2011
A meeting was held in the office of Sindh Board of Investment on 16th March 2011 regarding Master Planning of IT City and Education city Project. Minister Information Technology Mr. Raza Haroon & Minister Environment and Alternate Energy, Mr. Sheikh Mohammad Afzal attended the meeting at the office of SBI. The other participants included Mr. Mohammad Zubair Motiwala, Advisor to CM on Investment, Mr. Mohammad Younus Dagha Secretary Investment department, Mr. Misbah-ud-din Fareed, MD Karachi water supply and Sewerage Board and other government officials.
Minister IT, Mr. Raza Haroon shared his views with the forum and stated that Education City is a mega project and IT Ministry is working on the project of IT City which will be located in the Education City. He further stated that this project will help to generate thousands of employments right from the construction phase. Mr. Raza Haroon appreciated SBI’s role & initiatives in different sectors of economy.
Mr. Motiwala welcomed the vision of Mr. Raza Haroon and endorsed IT City Project and ensured to collaborate on every level. He said that investing in education today will benefit generations to come in shape of a classic Education City. Mr Motiwala further stated that SBI’s vision is to establish an entire unique zone focusing quality education along with the provision of other recreational facilities including Art Galleries, Green Houses, Play grounds, Restaurants for students and many others to make it an environment friendly place as well.Different matters related to Power supply and Alternate means of transportation to the Education City were also discussed in the meeting.
March 15, 2011
Swiss Business Council (SBC) will organize a Pakistani trade delegation to visit Switzerland on Mid of May this year to promote trade with Pakistan.
Representatives of Managing Committee of Swiss Business Council Dr. Ahmad Faraz MD Roche Pakistan Limited, Syed F Mazhar Managing Director SGS, Mr. K.M Iqbal Director Al-Ameen, and Mr. Fletcher P.Albert Office Manager visited Sindh Board of Investment. The Delegation was headed by Swiss Councul General, Mr Didier Boschung. The meeting was chaired by Mr. Mohammad Zubair Motiwala Advisor to CM Sindh on Investment.
February 22, 2011
Representatives of chambers and Associations visited Sindh Board of Investment. The meeting was called on by SBI regarding SBI’s trade delegation visiting to Korea, China and UAE, expected in coming months, for the promotion of business and investment across the border. The meeting was chaired by Advisor to CM on Investment, Mr. Muhammad Zubair Motiwala. Secretary Investment/DG SBI, Mr. Mohammad Younus Dagha also attended the meeting.
The Advisor to Chief Minister on Investment briefed the participants that Korea was organizing an overseas Investment Conference on 19th May’ 2011 in Korea in which 90 countries across the globe were participating to explore new market for promotion of their products. It was worthy to state that those 300 Korean companies were participating in the conferences who were interested in overseas investment. Mr Motiwala told that this was an excellent opportunity for Pakistani businessmen. He requested all interested associations and chambers to nominate their members in various sectors to be a part of the delegations visiting Korea and the other countries.
Mr. Motiwala stressed the fact that the Sindh province was rich with untapped resources and Korea was a cash rich economy. It would be a great accomplishment if we could establish contacts in Korean market so that this venture wills paved the way for exploring new partnerships. The composition of delegation would be diverse as SBI intended to approach every sector for a broad based representation from the Province.
February 22, 2011
A meeting in the Board room of Sindh Board of Investment was called on the request of President Mr. Feroze Rasul to address AKU’s concerns regarding matters of time line, short leases, EC Act, Master Planning and Lease conditions of the project.
The AKU delegation included President, Mr. Feroze Rasul, Mr Karim Nurmuhammad, Mr Amin Jivraj and Syed Shahab Akhtar accompanied by Mr. Shaukat Tareen and Mr. Amin Hashwani.
Mr. Muhammad Zubair Motiwala and Mr. Mohammad Younus Dagha welcomed the AKU leadership and expressed gratitude to Mr. Shaukat Tareen and Mr. Amin Hashwani for joining the discussion. Mr Motiwala deliberated in detailed on each and every concern of the AKU. He informed that SBI appreciated AKU’s seriousness for the project. Mr Motiwala gave a brief and inclusive presentation to the worthy participants regarding conditions and challenges faced by SBI since the time of takeover till present and also presented before the participants about SBI’s and GOS’s role and efforts to make this mega project a reality for the coming generations.The participants, in particular Mr. Shaukat Tareen appreciated the efforts of SBI. He suggested various actions on the part of SBI and AKU which would help take the project forward. A committee was formed to meet regularly to overcome hurdles, whenever encountered. The Committee comparised of Mr. Mohammad Younus Dagha, Secretary Investment, Mr. Mehboob-ul-Haq, Director Projects SBI, Mr. Karin Nurmuhammad and Mr. Shaukat Tareen.
February 19, 2011
A USAID team headed by Mr. Chris Hanson, Senior Advisor Infrastructure Investment visited Sindh Board of Investment here on Saturday the 19th February 2011 in the office of Sindh Board of Investment. The meeting was chaired jointly by Minister Environment & Alternate Energy, Mr Sheikh Afzal and Advisor to CM on Investment, Mr Muhammad Zubair Motiwala.
The meeting was held in continuation of the Statement of Intentions signed between Government of Pakistan , USAID, AES (Pvt) Ltd ( a US based Company)and OPIC for setting up of 150 MW Wind Power Project in the Gharo , Jhimpir wind corridor.
USAID team also included Mr. Arif Pervaiz, Development Assistance Advisor, Ms. Sarah Pervaiz, Economic Growth Specialist and Mr. Saeed Anwar, Senior Programme Manager & Chief of Staff. Secretary Investment Mr. Mohammad Younus Dagha, Secretary Environment and Alternate Energy Mr Ali Hussain, and Dr.Hafeez Sial, EDO Revenue Thatta, Mr Sheeraz Anwar Khan of AEDB also attended the meeting.
The USAID requested for a compact piece of land for the inception of 150 MW Wind Project and briefed the forum regarding this project between Government of Pakistan, USAID and AES. Secretary Investment told that AEDB has already earmarked 1161 acres of land for 150 MW for USAID/ AES project and another 1500 acres in the same locality has been identified by EDO (Revenue) Thatta, member (LU). He further informed that AEDB and Revenue officials of Thatta will carried out a survey for the identification of more available sites in 10 days which will be further shared with USAID consultants for the final selection of land. Mr. Chris also requested for provisions of map of available sites which was agreed by SBI.
February 17, 2011
The Korean Consul General Mr. In-Ki Lee, along with Mr. Young-Hwa Jung, Director KOTRA (Korea Trade- Investment Promotion) and Mr. Muhammad Rehan Hashmi, General Manager Korea Business centre, Karachi visited Sindh Board of Investment.
The meeting was jointly chaired by Advisor to CM on Investment, Mr. Mohammad Zubair Motiwala, Secretary Investment; Mr. Mohammad Younus Dagha was also present. The agenda of the meeting was to discuss roadmap for the exchange of Investment delegation between Republic of Korea and Sindh Government.
His Excellency Mr. In-Ki Lee informed that an overseas investment Conference is being held in Korea on 19th May’ 2011 in which 90 countries are participating and may present investment opportunities available in their countries to 300 Korean companies and Business community, since these 300 companies have already shown interest in investment outside the Korea.
February 8, 2011
The Livestock, Dairy, Fisheries and Poultry Exhibition and Seminar (LDF 2011) organized by Sindh Board of Investment in collaboration with Livestock Department, Government of Sinsdh at Karachi Expo Centre on 7th & 8th February 2011.
Secretary Investment and Director General SBI, Mohammad Younus Dagha said SBI was successful in bringing thousands of local and international investors under one roof, which is very encouraging for the Sindh Government. He added that the livestock sector attracted attention of many local investors who want to diversify their investments and SBI gives immense importance to investors who have all the required capabilities to diversify their investments and set up new business ventures.
Sindh Chief Minister, Syed Qaim Ali Shah, while inaugurating the two-day exhibition and seminar, said that the government wants to encourage investment in livestock, poultry, fisheries and other similar sectors to fully utilize the growth potential of the province. He said that Sindh has a big agricultural sector and besides food items, it is famous for prominent breeds of cattle and dairy farming. The province also has a long coastal belt.
The seminar organized on the first day of the event consisted of a series of presentations and speeches highlighting the potential of Livestock, Dairy, Fisheries and Poultry sectors for international and local investment. Experts also delivered speeches urging the investors with huge opportunities in these sectors.
A Memorandum of Understanding (MoU) was also signed in the Seminar for attracting investment in non-traditional sectors of the economy. The MoU was signed by 15 leading banks, DFIs, insurance companies and State Bank of Pakistan and government entities - Sindh Board of Investment (SBI), Agriculture, Livestock and Fisheries Departments. Sindh Minister for Livestock, Mr. Abid Hussain Jatoi, Fisheries Minister, Mr. Zahid Ali Bhurgari and CM Adviser on Investment, Mr. Zubair Motiwala witnessed the signing.
SBI has also organized a “Horse and Cattle Show”, besides, dancing show of camels for the first time in the history of Karachi to promote local culture and provide positive entertainment to the peoples of Karachi. Sindh Minister for Livestock Mir Abid Jatoi presented winning trophies to the owners of beautifully decorated high breed cows, buffaloes and goats at the close of show.
According to survey, the exhibitors received orders worth Rs 400 million during two days for supply of livestock, poultry and technology from local and foreign buyers. Furthermore, local and foreign investors have shown keen interest in making investment in livestock, dairy, fisheries and poultry sectors.
Speaking on the occasion, the Advisor to CM on Investment, Mr. Zubair Motiwala said that the exhibition provided an opportunity to all stakeholders to exchange and learn from their experiences under one roof to promote these sectors.
In the end, Secretary Investment. Mr. Younus Dagha said that SBI will continue to hold exhibitions in future to provide investment opportunities to potential investors.
February 7, 2011
Sindh Board of Investment formalized the formation of Investment Consultative Group by signing a Memorandum of Understanding (MoU) at the occasion of First ever Livestock Dairy and Fisheries Exhibition organized by SBI on 7th and 8th of February’2011 at Expo Centre, Karachi.
The MoU was signed among 18 different Banks, Financial Institutions Government Departments and SBI. The aim of the formulation of Consultative Group is a commitment to work together effectively to boost investment in different sectors including Agri-Processing, Mining Processing, Livestock, Dairy, Fisheries, Poultry and Halal industry.
The signatories include State Bank, United Bank, Bank Alfalah, Standard Chartered Bank, Faisal Bank, Askari Bank, Invest Bank, Al- Baraka Bank, Khushali Bank, Pak-Brunei Investment Company, Pak-Kuwait Investment Company, Pak-Kuwait Investment Company, Pak-China Investment Company, Adamjee Insurance Company, EFU General Insurance Company, Livestock and Fisheries Department, Executives of Agriculture Department Public Private Partnership unit and SBI.
At this land mark ceremony, The Honorable Chief Minister Sindh, Syed Qaim Ali Shah expressed that there was a vast potential of investment available in the Province and the Government was making all efforts together to facilitate investors to promote investment in Sindh. He also expressed the hope that the seminar and exhibition would help increase production of livestock, Poultry and fisheries products and lauded SBI’s effort to bring awareness among local and foreign investors and general community regarding immense potentials of Sindh.
February 4, 2011
The first meeting of the Board of Sindh Enterprise Development Fund was held on 4th’Feb’2011 in the Board room of Sindh Board of Investment, Karachi.
The meeting was chaired by Mr. Mohammad Zubair Motiwala Advisor to CM on Investment/ Chairman Steering Committee SEDF. The others who were present are Mr. Qaiser Bengali, Advisor Planning and Development Department, Mr. Mohammad Younus Dagha , Secretary Investment , Mr. Laiq Ahmed Memon, Secretary Livestock and Fisheries Department, Ms Naheed S. Durrani, Secretary Literacy and Education Department, Dr. Noor-ul-Haq , Secretary Planning and Development Department, Mr. Mehboob-ul-Haq , Director Projects SBI Mr. Syed Farrukh Habib, Additional Secretary to the Government of Sindh, Mr. Aijaz Ahmed Mahesar, Planning and Development Department, Mr. Younus Sandeela, Consultant Agriculture Department , Ms Shahida Qaiser Chief Investment Officier of TDAP, Mr. Saqib Siddiqui Finance Manager, CSF, Mr. Usman Ghani Khatri, Chairman Chemi Group of Industries, Mr. Shunail Qureshi CEO AL-Abbas Sugar Mill, Mr. Abbas Akbar Ali, CEO Amerli Steel Pvt Ltd and Mr. Mansoor Ali, Project Manager SDF.
SDF is now registered as Sindh Enterprise Development Fund (SEDF) under section 42 of company ordinance with a view to maximize and fully utilize the competitive advantage of Sindh through initiatives in enterprise grants, credits assistance and subsidization, technical assistance, entrepreneurship and infrastructure development in the sectors of Agriculture (including agribusiness, horticulture and floriculture) , livestock and Dairy products, fisheries and related coastal activities, mining and processing of minerals (including stones).
The main agenda was to discuss and seek suggestions and mechanisms for the newly incorporated board. The Board decided that no time should be wasted to transfer the assets and funds to SEDF, banking accounts will be maintained in the same banks as those banks were selected after completing due diligence and following laid down criteria for selecting banks by the Government of Sindh Mr. Mohammad Younus Dagha, Secretary Investment Department was requested by the board to work as acting CEO of the board till the appointment of a full time CEO.
January 26, 2011
A Pakistani delegation led by Mr. Mohammad Zubair Motiwala , Advisor to CM Sindh on Investment along with Mr. Younus Dagha and prominent businessmen, Khalid Feroze, Ebrahim Qasim, Abdullah Elahi and Maqbool Elahi visited Turkey.
The Delegation met with Mr. Burhan Kaya Turk MNA from Ankara and who is also Chairman of Turk-Pakistan inter parliamentary group as well as Mr. Cemalettin Damalci, The Turkish Government’s Secretary for Foreign Trade.
The delegation raised the issue of Anti-Dumping duty which was proposed to be imposed on Textile fabric from six different countries including Pakistan. The Pakistani delegation briefed the Turkish authorities that by imposing anti-dumping duty only large cash-rich economies would benefit at the cost of the poor economies.
The delegation sensitized Turkish authorities that Pakistani fabric can not be subjected to such duties due to the reasons that Pakistani exporters were not involved in anti-dumping of these products; Such measures would also harm Turkish value addition industry which was based on Pakistani fabric, and that such measures would adversely affect Pakistan’s economy and would raise rate of unemployment in Pakistan.
The Turkish authorities appreciated the points raised by Pakistani delegation and assured them that it was only an investigation phase which might take 8-9 months before it was finalized. They also ensured that Turkey would not take any measure or step which would harm Pak-Turk brotherly ties.
Both the countries also discussed different prospects of possible joint ventures and to promote trade relations between the two brother nations. It was decided that delegations will be exchanged between both the sides in the near future.
December 11, 2010
Foundation Stone Laying ceremony of Karachi Education City was held on 11 December 2010 at Chief Minister House Karachi, which was widely attended by Provincial Ministers, Faculty heads of Leading Institutions of the country, diplomatic Corp, State Ministers and Media Persons. Spreading over an area of 9,000 acres in Deh Chuhar Karachi, The Project aims to provide centre of excellence which will bring together the best intellect both locally and from abroad as well to provide environment Conducive to learning.
Mr. Younus Dagha – DG SBI, highlighted the objectives of Karachi Education City, Transforming Sindh into a competitive and knowledge-based economy capable of sustainable economic growth with more and better job opportunities through access to world class education. He also shared some of the achievements of SBI regarding Education City project. He further added that the SBI is also working on providing a forum to share ideas, concepts and identify new business areas besides providing Public Private Partnership models.
Mr. Zubair Motiwala – Vice Chairman, SBI and Advisor to CM Sindh on Investment, in his speech, said that he feel privileged to be the part of Education City Project which is a hallmark of the present Government under the dynamic leadership of the Chief Minister Sindh, Syed Qaim Ali Shah. It is his commitment to empower the youth with knowledge and skills. Today we lay the foundation stone of creating a hub of excellence with world class infrastructure and institutions making investment in our valuable Human Resources.
Mr. Alex Krieger, Dean Harvard University, highlighted the key features of Master Planning, layout design and their previous works done in carrying out Master Planning exercise in different cities, worldwide.
Pir. Mazhar ul Haq, Senior Minister for Education & Literacy, during his speech, emphasized over importance of education and establishment of this education city which would certainly led Pakistan to be the regional hub for quality education.CM Sindh at the end laid the foundation stone of Administrative Enclave of Karachi Education City Project.
December 2, 2010
Sindh Board of Investment (SBI) achieved a historic milestone in its progress towards development of Halal sector in Pakistan by signing a Memorandum of Understanding with Halal Industry Development Corporation (HDC) which is the premier agency for development of Halal Industry in Malaysia.
The MOU was signed on Wednesday the 1st of December 2010 in HDC’s Kuala Lumpur office between Mr. Mohammad Younus Dagha, Secretary Investment Department/DG SBI and Dato’ Seri Jamil Bidin, the Chairman / CEO of HDC. It was witnessed by Mr. Zubair Motiwala, Advisor to CM Sindh on Investment and Mr. Masood Khalid, the High Commissioner of Pakistan for Malaysia besides the officials of HDC.
Malaysia is one of the key players in Global Halal sector, the others being Australia, Brazil, Thailand, India, etc. with China, France and Japan having plans to enter soon. Pakistan will be one of those few Muslim countries who are planning to develop Halal Industry to cater for the huge global Halal Market which is growing at a very fast pace.
Dato’ Seri Jamil Bibin, CEO of HDC speaking on the occasion stated that the great potential of global Halal Market provides various opportunities for collaboration between the two brotherly countries and the initiative taken by the Sindh Board of Investment will pave way for development of this industry in Pakistan. He said that HDC will provide all assistance for development of regulatory framework, establishment of Halal Parks (designated industrial areas) and training of entrepreneurs, auditors and functionaries in pursuance of the MOU signed. He also pointed out the potential of business to business joint ventures for Halal industry in both the countries.
Mr. Masood Khalid, Pakistan’s High Commissioner thanked HDC for responding positively to the proposal of cooperation with SBI. He mentioned that there was immense potential in the food and agriculture sectors of Pakistan’s economy which can supplement the growth of Malaysia’s Halal Industry. He assured the active pursuance by Pakistan’s High Commission to ensure a fast track for implementation of the MOU.
Mr. Zubair Motiwala, in his address on the occasion stated that SBI was keen to work out the detailed implementation plan to ensure that the MOU meets the aspirations of both the parties to play their due roles in development of Halal Industry. He pointed out that SBI has a futuristic vision for development of this important and growing sector in Pakistan’s economy. He assured HDC on behalf of the Government of Sindh and Federal Government that all infrastructural and administrative support will be provided in pursuance of the MOU. He stated that the keenness of both the brotherly states for collaboration will benefit the citizens of both the countries and the entire muslim ummah by facilitating their access to Halal products.
A working group comprising of Mr. Mohammad Younus Dagha from SBI and Mr. Farid Z. Hamid, Vice President of HDC was formed to work out modalities and work plan for the implementation of MOU.Later the delegation comprising Mr Zubair Motiwala, Advisor to CM Sindh, Mr. Mohammad Younus Dagha, Secretary Investment and Mr. Wajihullah Kundi, Commercial Counsellor of Pakistan in Malaysia visited and got briefing from the Halal Hub Division in the Department of Islamic Development on certification and regulatory framework of the Government of Malaysia for Halal Industry. The delegation also visited Halal Park at Port Kling Free Zone and got briefing from the Zone operators.
November 23, 2010
SBI achieved another milestone by establishing an IT Consultative Group comprising of key IT players of the country to collectively formulate stratagies for future initiatives to promote investment and employment opportunities in IT Sector in the province of Sindh.
The first meeting of this group was held in the office of Sindh Board of Investment on 23rd’ Nov’2010 and was chaired by Secretary Investment/DG SBI, Mr. Mohammad Younus Dagha.
The participants included Mr. Humayun Bashir, CEO IBM Pakistan. Mr. Ashraf Kapadia, MD Systems Limited, Ms Jahan Ara, President PASHA, Syed Azhar Afaq Rizvi, VC MIT Enterprise Forum of Pakistan, Mr. Naveed Siraj, Country Manager INTEL Pakistan, Mr. Mohammad Kabir Farrouqi, Mr. Farhan Ibrahim, Oracle and officers of SBI.
Mr. Younus Dagha informed the participants about possibilities of potential growth of IT industry in Sindh. He also told the forum that government of Sindh was keen to invest in IT sector’s infrastructure development which was need of the hour. He further informed of the interest shown by the foreign and local investors in this sector of the economy.
The participants expressed their support to Sindh government for its serious initiatives for the promotion of IT industry. They were of the view that IT sector had immense potential to contribute to province economy if assistance was provided by government, particularly through infrastructure development.
November 23, 2010
A Slovenian delegation met Advisor to CM on Investment, Mr. Muhammad Zubair Motiwala and Secretary Investment, Mr. Mohammad Younus Dagha in the office of Sindh Board of Investment. The delegation was headed by Dr. ZORAN STAMATOVSKI, Head of Foreign Investment. The delegation included Mr. VLADIMIR KRECAN, Chief Executive Turbo Institute, Mr. IVOKRECA, Managing Director KIV Group, Mr. UROS MIKOS, Managing Director IBE Company and Mr. PETER NOVAK, Dean University of Slovenia.
Secretary Environment and Alternate Energy, Mir Hussain Ali, Additional Secretary Irrigation , Mr. Saeed Ahmed Mehar, Senior Consultant, Aijaz Nabi Abbas, Executive District Officier Enterprises and Investment CDGK, Mr. Tahir Jamil Durrani, Chief Engineer Karachi Water and Sewerage Board, Saleem Siddiqui, District Officier Muncipal Services, Director Projects , Al- Tuwairiqui Steel Mills, Mr. Zaigham Adil Rizvi.
The Slovenians has offered Sindh Government to help generate power from solid waste. It was informed that around 150 MW could be produced through estimated 8-10 thousand tons of solid waste being generated in the city daily. It was told that energy plants could be installed at land filled sites.
November 12, 2010
With the Task of establishment of Mass Transit Programme for Education City project, a meeting was held with the experts of Japan International Cooperation Agency (JICA) in the office of Sindh Board of Investment at Karachi, under the Chairmanship of Advisor to CM Sindh on Investment, Mr. Mohammad Zubair Motiwala. The meeting was co-chaired by Secretary Investment, Mr. Mohammad Younus Dagha and was attended by DG Mass Transit Programme Karachi, Station facility expert Mr. Hiroyasu Kudo, Deputy team leader Mr. Naoki Yamaguchi, Mr.Toshiaki Hori, Mr. Yusuke Harada and project coordinator of JICA , Dr. Abdul Wahab memon.
In the meeting different aspects of connectivity of Education City with the transport system of Karachi were discussed. Also different aspects of extending Mass Transit programme with Japan Special Economic Zone and other future projects were also brought under discussion.
November 7, 2010
Sindh Board of Investment received a Russian delegation headed by Chief Executive, Mr. OLEG GORBULIN. The meeting was chaired by Advisor to CM, Mr. Muhammad Zubair Motiwala and Secretary Investment Mr. Mohammad Younus Dagha and DG, BOI Ms Nasreen Ali also attended the meeting.
The Russian delegation comparised of Mr. OLEG GORBULIN, Chief Executive Russian Investment Agency, the Russian Consul General in Karachi Mr. ANDREY V DEMIDOV, Head of Trade Commission of Russia in Karachi Mr. SERGEY PLYSHCHOV and other Russian representatives.
SBI briefed the participants about potential and diversity of Investment in different sectors of economy including Energy, Livestock, and Fisheries, Engineering, Medicine and a documentary screened for the participants, highlighting the vast potential of the Province.
November 2, 2010
The Agreement for Master Planning of 9,000 acres land of Education City has been signed between SBI, Government of Sindh and ARCOP (Architect Consortium Firm Pvt. Ltd). The deed which is a major milestone was signed by Mr. Younus Dagha, Secretary Investment, Government of Sindh and Mr. Yawar Jilani representative of ARCOP on November 2, 2010 at the office of SBI located in Finance and Trade centre, Karachi. The task of Master Planning will be completed in 7 months with the budget estimate of 8 crores.
Mr. Mohammad Zubair Motiwala, Advisor to CM Sindh on Investment while addressing at the event said that with the signing of Master Planning agreement the project has been put on fast track and the Sindh Government will facilitate international universities to establish their campuses in Education City. He further said that Education city will be a centre of excellence for modern Education and will boost standards of Higher Education in Pakistan as Government of Sindh is providing facilitation to all the stakeholders in every possible manner.
October 15, 2010
ECC approved a highly attractive package for the development of Thar Coal resources for electricity generation.
In this regard, a meeting of ECC was held on 15th October, 2010, under the chairmanship of Finance Minister, which approved the incentives package including declaration of Thar coal Field as special Economic Zone and projects of Thar development as Projects of National Security; a 20% (US dollar based) IRR for projects achieving financial close by 31st Dec, 2015; and many more incentives available for investment.DOWNLOAD INCENTIVES FOR LOCAL COAL DEVELOPMENT
September 16, 2010
A meeting of the stake holders of the Education City was held on 16th Sept, 2010, to discuss progress of various education institutions being pursued there under the joint chairmanship of Mr. Muhammad Zubair Motiwala, Advisor to CM on Investment and Mr. Muhammad Younus Dagha, Secretary Investment Sindh.
The meeting was attended by Mr. Nisar Hassanally Effendi - President Sindh Madressah Board, Professor Dr. Masood Hameed Khan - Vice Chancellor DOW University of Health Sciences, Brigadier Retired Raheel Hafeez Sehgal of Habib University Foundation, Mr. Shafiq-ur-Rehman Masson from SZABIST, Dr. M Suleman Sheikh - Secretary Board of Trustees SZABIST, Mr. Ghayasuddin of SSUET , Syed Gouhar Husain of SIUT, Mr. Feroze Alam, Mr. Raheel Sehgal, and Mr.Zahid Ameen from Saleem Habib Education Foundation, and Additional Secretary Health Dr. Manzoor Alam Halepoto and Director Projects, SBI.
Mr. Muhammad Zubair Motiwala informed the meeting that Master Planning of the said project will be completed in 6 months and the Government has allocated Rs 1 billion in the current budget. He further stated that as soon as master planning would be completed, the task of infrastructure development will be initiated on fast track basis.He also informed that Education City act will soon be presented in the Assembly for setting up its governance structure which is at present been discuss with stakeholders. He informed that all necessary measures including Security will be considered for successful implementation of the project.
August 26, 2010
The Government of Korea in order to promote renewable energy in east Asian countries under the East Asian Climate Change Partnership project fund, has introduced East Asia climate change project .They intend to setup a demo Wind Turbine for which Hawks bay and Jhimpir areas have been identified.
A four member delegation visited jhimpir hawks bay and other locations for selection of site to install wind turbine.
Mr. Mohammad Younus Dagha, Secretary Investment welcomed the delegates and the Alternate Energy Development Board AEDB team at his office and assured them that Government of Sindh will provide all possible support for allotment of land for the project. He further stated that energy produced from these demo sites will be utilized for supply of electricity to the surrounding villages so that instant benefits are passed on to the local community.
Discussing the role of AEDB, he urged more projects in the renewable energy sector in view of the immense potential in the province of Sindh.
August 11, 2010
Sindh board of investment (SBI) signed MoU with Malaysian Government for the establishment of Halal food Industry in Sindh, on 11th August’2010 in Karachi.
Secretary SBI, Mohammad Younus Dagha and Malaysia’s State Minister for Religious Affairs and local consumer Abdul Malik signed the Understanding on the part of Penang International Halal Hub.
Under the MoU, Malaysia will invest in technical facilities in Sindh to run the system of Halal Certification, Food Research Development Centers and establishment of Halal Park, near Karachi as joint facility for Malaysian and Pakistani investors
While speaking to the ceremony Mr. Muhammad Zubair Motiwala Advisor to the CM Sindh on Investment highlighted the growth rate of Halal Industries in terms of technology and size that has reached up to 1 Trillion Dollars, which is remarkable.
Mr. Abdul Malik Kassim the state minister for religious affairs assured full fledge Malaysian support to Pakistan for the development of Halal Industry, he further said that the initiative taken by both sides is commendable and paved way towards better growth and contemporary imaginations.
August 11, 2010
The Secretary Investment/DG Sindh Board of Investment (SBI), Mr. Mohammad Younus Dagha meet the representatives of Chinese Company M/s China National Machinery IMP. & EXP. CORP, on Tuesday 11th August, 2010 in SBI office, Karachi. The Company is working on Pakistan Sonda-Jherruk Coal Mine & power generation plant project in District Thatta.
A detail session was held on highlighting of potential areas of investment in sindh by the Secretary Investment. Mr. Dagha also recommend the representatives of Chinese Company for providing SBI with brief description of interested projects, and also ensure to facilitate them in future ventures.
August 1, 2010
The 2nd Dates Exhibition and Seminar at Khairpur (DESK 2010) is a major initiative of the District Government - Khairpur, Sindh Board of Investment and Agriculture Department to showcase the potential of District Khairpur in the province as an ideal destination for investment in dates processing and value added export industry. The seminar and exhibition were inaugurated by Chief Minister Sindh, Mr. Syed Qaim Ali Shah.
A welcome address was given by the DCO Khairpur, Mr. Abbas Baloch.
Secretary Investment, Mr. Mohammad Younus Dagha introduced Sindh Board of Investment (SBI) and explained various initiatives taken by SBI to develop the Dates crop along modern lines. He informed that Sindh Board of Investment in collaboration with District Government – Khairpur have formed a Core Consultative Group on Dates which makes recommendations with regards to technological interventions that can be introduced in the Dates sector keeping in view local conditions.
The second session highlighted the successful endeavor of the Sindh Board of Investment, Pakistan Horticulture Development Export Company and Agriculture department to put up a modern processing plant at Khairpur to be developed under the Public Private Partnership model.
The seminar included presentation by Mr. Zubair Habib, CEO National Industrial Parks Development & Management Company – NIP. His presentation included key features of the Khairpur Special Economic Zone being developed on an area of 136 acres. Secretary Agriculture, Mr. Agha Jan Akhtar, spoke about the initiatives that have been taken by the Agriculture Department for development of the Dates sector.
July 27, 2010
Senior officials of SBI meet the High Commissioner of Malaysia, which was also attended by representatives of the business community of Karachi and the consul General of Malaysia.Advisor to CM and Secretary Investment appraised the High Commission of the possibilities of collaboration of the Government in various sectors of economy which included Halal Industry, Meat experts, Information Technology ,Tourism and Cosmetic Industry. High Commissioner of Malaysia His Excellency Mr. Mohammad Khalid Abdul Razak assured of his support to the proposals presented by SBI.
July 23, 2010
Secretary Investment, Mr. Mohammad Younus Dhaga has meeting with American delegation on 23rd July, 2010 at SBI office, Karachi.
The delegation proposed Wind Energy Project with a capacity of 100 MW at Jhimper Gharo and showed up for collaboration from Government of Sindh. The Secretary while speaking to the attendees highlighted that SBI preferred minority shareholding also he focused Sindh Government’s initiative of public- private partnership.SBI also assured that if financing is available for the project, SBI would also intend to provide land allotment facilities to the potential investor. The Secretary also recommended the delegates to involve USAID, Donor agencies and OPIC in their proposed project for the purpose of public diligence.
July 23, 2010
CEO Pak Energy visit Sindh Board of Investment to meet Secretary Investment, Mr. Younus Dagha to discuss credit financing opportunities for Pak Energy captive power plant project at lakhra.
A brief session took place in which CEO Pak Energy discussed proposal for establishment of 2/50 MW coal Energy project at Lakhra. He proposed to inject equity through plant and equipment expenditure and requested SBI for investment facilitation regarding working capital debt financing arrangements for the project.
He also emphasized to start this project in collaboration with GASPROM and the total worth of the project will be 25 to 30 million dollars.
SBI assured to move workable proposal for the “Revitalization of Lakhra project “ to Government of Sindh.
June 11, 2010
SBI has become a member of WAIPA (World Association of Investment Promotion Agencies). WAIPA is a forum to provide networking opportunities and facilitate the exchange of best practices in capacity-building and investment promotion. WAIPA consists of over 100 IPA’s (Investment Promotion Agencies). WAIPA provides range of activities for its members ranging from networking events, trainings and world investment publications. SBI intends to participate and gain knowledge from WAIPA and its members which can be implemented for enhancement of Investment promotion and facilitation services in the province and the country.
WAIPA has invited Secretary Investment Sindh, Mr. Mohammad Younus Dagha, to participate in the World Investment Conference 2010 at Buenos Aires, Argentina on 28-30 June 2010. SBI has prepared a video documentary and other material to introduce the investment opportunities in Sindh to the WAIPA members.
June 11, 2010
A meeting with M.D Coastal Community Development Project is held in the office of SBI on 11th June, 2010, under the Chairmanship of Secretary Investment.
The purpose of the meeting was to appraise with the working of the proposed project being carried out by the Managing Director Coastal Community Development Project (ADB Assisted Project)A comprehensive Master Plan for the 350 KM coast line of Sindh is being carried out by the SBI and the main purpose of the meeting was to ensure avoiding duplicity.
June 4, 2010
A delegation of 2nd session of Pak-Vietnam Joint Ministerial Commission called on by Governor Sindh, Dr. Ishrat ul Ibad, which was also attended by Mr.Zubair Motiwala Advisor to CM Sindh on Investment .The delegation was headed by Deputy Minister for Industry and trade Mr. Le Duong Quang.The delegation discussed areas of interests specifically regarding promotion of Trade, Investment, Science, Technology and Education.
June 3, 2010
A Korean delegation led by South Korean Government’s business advisor Mr. Byong Son Min proposed investment in social sector projects including energisation of rural health units. Advisor to Chief Minister Sindh on Investment, Mr. Zubair Motiwala informed Korean delegation about the investment opportunities for Korean Businessmen in Pakistan. Korean delegation leader said that Pakistan is full of natural, mineral and agriculture resources and Korea was also interested to make investment in dairy farming, livestock, agriculture, health and education.
Mr. Min said that the secret behind the success of Korea was the initiation of model projects in various sectors which were replicated many times. He said that Korean government wanted to initiate such model village projects in few villages of Sindh to improve socio-economic conditions of the people. Ms. Rara Jeon showed particular interest in outsourcing of South Korean IT business to Pakistani IT professionals.
May 31, 2010
Sindh Board of Investment (SBI) and Alternate Energy Development Board (AEDB) initiated joint efforts to accelerate pace of Wind Power projects in Sindh. The joint meeting was convened by Secretary Investment Mr. Mohammad Younus Dagha and AEDB Chairman Mr. Arif Allauddin, which was attended by District Coordination Officer (DCO) Thatta (Revenue), SSP Investigation (Thatta) and representatives from Wind Energy companies.
Mr. Dagha assured all kind of facilitation support for the execution of 12 AEDB projects for Wind Energy worth 1.6 Billion USD at Jhimpir. Each project will produce 50 MW with combined potential of producing 600 MW of renewable energy.
May 26, 2010
Sindh Board of Investment (SBI) Consultative Group extended full support for Modernization, Rehabilitation and Establishment of Khairpur Dates Sector. In a joint meeting of SBI Consultation group comprises of Sindh Board of Investment (SBI), Agri Support Fund (ASF), Trade & Development Authority of Pakistan (TDAP), Small & Medium Enterprise Development Authority (SMEDA), Pakistan Agriculture Research Council (PARC), Pakistan HorticultureDevelopment and Export Board (PHDEP) and District Government of Sindh held at Khairpur, Secretary Investment, Mr. Mohammad Younus Dagha observed that bringing all stake holders at one platform created synergies in efforts for promoting agro processing industries in Sindh.
During the meeting, the participants underlined the Cold Storage (Supply Chain), Processing Plant, Framers Education and training, Infestation/ Disease Control, and various other measures to increase yield, as the potential areas where technological interventions are required to uplift the sector, as per international standard and best practices.
It was decided to go ahead with establishment of two demonstration projects of on-farm dates dehydration plants by ASF and PARC which will be operational in June 10-15, when seminars will be held jointly by the SBI Consultation Group inviting Dates farmers to see the demonstration projects.
May 26, 2010
Secretary Investment Mr. Younus Dagha assured that efforts will be made to establish the Dry Port in Sukkur on fast track basis. Meeting under the chairmanship of Sec Investment, Mr. Mohammad Younus Dagha was held in the office of DCO Sukkur to improve investment related infrastructure in district that includes establishment of dry port which is an Economic Council of Cabinet (ECC) approved scheme.President Sukkur Chamber of Commerce Mr. Muhammad Din called for revival of small industries and rehabilitation of SITE Sukkur. Progress made on establishment of export processing zone authority was also discussed in the meeting. Mr. Dagha assured full support from Sindh Board of Investment (SBI) to enhance investment in the agri-processing sector in Sukkur, to make effective use of its strategic location of being at the junction of three provinces.
May 24, 2010
Two of the Karachi Education City institutions have won the merit awards in recognition program, organized by Society of College and University Planning (SCUP), USA.
The emphasis put by the Sindh Board of Investment on the early development of universities/educational institutions in the Education City, had provided the required impetus to those institutions, which already had mobilized project teams. The encouragement of the Government of Sindh has led these institutions into working on fast track on the master planning of their projects.
Agha Khan University’s Faculty of Arts and Sciences (AKU-FAS) and Habib University Foundations (HUF) completed the master planning of their campuses, to be developed in Education City, and submitted their plans in recognition program of Society of College and University Planning (SCUP) in USA. Both the institutions received distinctive recognition in the program, whereas, AKU-FAS received merit award in Planning of a Campus Component, and HUF for Planning of a New Campus.Advisor to Chief Minister Sindh on Investment, Mr. Zubair Motiwala expressed that the educational campuses in Education City, while bringing in investments worth billions of dollars, would also enhance the quality of human resource, which is an essential input for economic growth and prosperity.
May 21, 2010
Sindh Board of investment (SBI) suggested that the Government needs to put on fast track the projects for gasification of Thar Coal as a low cost alternative to the depleting natural gas reserves in the country. This was stated by Secretary Investment Mr. Mohammad Younus Dagha, during discussion with Sui Southern Gas Company Limited (SSGC) officials who informed that the output from the current gas fields was expected to drop considerably in 2015.
In the meeting held at SBI, Chief Manager SSGC presented detailed analyses of the gap between demand and supply of gas available to the company.
Advisor to Chief Minister Sindh on Investment, Mr. Zubair Motiwala highlighted the importance of Karachi as the economic hub of Pakistan. He said that it is extremely important for economic prosperity of the country that Government took measures to shorten the gap between demand and supply of gas.
May 20, 2010
Pak Brunei Investment Company Limited (PBIC) team led by Ms. Ayesha Aziz, Managing Director, visited Sindh Board of Investment (SBI) to discuss ideas and proposals for collaboration between Government and banking industry for the promotion of agro processing industries.
Ms. Ayesha Aziz, introduced the vision of PBIC and emphasized that the government should back investment projects by developing infrastructure and acting as a guarantor for investors. She also complemented the success of Sindh Investment Conference 2010 and appreciated the steps taken by the Government of Sindh (GoS) and Sindh Board of Investment (SBI) to attract Investors and facilitate them through one-window solution.
PBIC informed about Brunei largest Livestock farm investment in Australia and proposed that SBI and GoS should be working on similar lines to establish such projects as there are vast opportunities in these sectors. The discussion also included the formation of Investment Advisory Board and Investment Opportunities in other sectors like Energy, Agriculture and Tourism.
May 13, 2010
Pak Kuwait Investment Company (PKIC) and Sindh Board of Investment (SBI) agreed to identify procedural hurdles for the improvement of agriculture financing. In a meeting chaired by Secretary Investment, Mr. Younus Dagha, PKIC & SBI agreed that broad based understanding for issues related to financing in agro based industries should be developed through continuous efforts between Development Financial Institutions (DFIs) and SBI.
Secretary SBI focused on the opportunity/gap in agro based industries that offers extraordinary returns. He also highlighted SBI efforts to create an advisory forum comprising of DFIs, Financial Institutions and Banks for government and industry regarding policy issues. PKIC appreciated SBI efforts to bring all financial institutions, Banks and DFIs on a single platform of Investment advisory forum to facilitate Investors.
SBI and PKIC agreed to make continuous efforts for identification of small interventions/projects that will lead towards future expansion activities in the agriculture sector. Proposals for collaboration between government and banking industry for promotion of agro processing industries were also discussed in the meeting.
May 12, 2010
A team of Samba Bank visits Sindh Board of Investment (SBI) on May 12, 2010. SBI team was led by Secretary Investment, Mr. Mohammad Younus Dagha. During the meeting Mr. Dagha emphasized on developing forward links, viable business models and policy initiatives to boost agriculture sector of the economy.
Mr. Atif Subhani, Head of Investment Advisory, introduced Samba Bank as the biggest investment from Saudi Arabia in Pakistan. He discussed the reasons of reluctance of banking sector to invest in non traditional investment sectors like Agriculture and Livestock. He has also highlighted the role of Samba Bank in attracting Saudi Arabian investors in Pakistan.
Mr. Atif encouraged the idea of SBI for the formation of Investment Advisory Board and ensured the full support to SBI in this regard. The meeting was concluded with a mutual understanding that both SBI and Samba Bank will work on formulating road-map to expedite and channelized capital generation activities from agriculture sector.
May 06, 2010
A team of Karachi Electric Supply Corporation (KESC) visited Sindh Board of Investment (SBI) office on May 06, 2010, to discuss their plan and to seek assistance from the Government of Sindh for a WTE (Waste-to-Energy) project at Cattle Colony Landhi.
The meeting was chaired by the Advisor to CM Sindh on Investment, Mr. Muhammad Zubair Motiwala which was also attended by the Secretary Investment, Mr. Mohammad Younus Dagha and other officials of SBI, in which KESC gave a presentation over their proposed project of Bio-Gas plant with a capacity of generating 25MW from the animal waste of Cattle Colony Landhi. They also emphasized on the potential of their project to generate carbon credits.SBI informed KESC representatives that there were interested investors which had floated such proposals earlier as well and the KESC proposal would be evaluated alongside all such alternate proposals with due process. In this regard a meeting with Landhi Cattle Colony stakeholders will also be conducted to get their views on such proposals and to devise mechanisms for workability of such projects.
May 5, 2010
A group discussion session between Sindh Board of Investment (SBI) representatives, alongwith Secretary Investment, Mr. Mohammad Younus Dagha and representatives of Faysal Bank took place on May 5, 2010 at SBI office in Karachi. In the session, various options regarding policy endeavors and agricultural credit financing were discussed.Both the sides agreed that to achieve sustainable growth in the economy, value addition in agricultural sector will have to be given the highest priority. There was a consensus that there was a need for greater interaction between the Government and the Banking Sector to develop appropriate financial products to enhance investment in the agro-based sectors such as livestock, dairy, agro-processing and fisheries. It was also agreed that a larger forum should be developed for deliberation on policy recommendation and advice to assist the Government and the Banking Sector in this direction.
May 3, 2010
A joint session of Sindh Board of Investment (SBI), Agri Support Fund (ASF), Small Medium Enterprise Development Authority (SMEDA), Pakistan Horticulture Development and Export Board (PHDEB), and Secretary Agriculture held on 3rd May, 2010 at the SBI office in Karachi.
The meeting was convened by Secretary Investment, Mr. Mohammad Younus Dagha to discuss the issues related to post harvest deficiencies in the value addition process of chillies, marketing of Red Chili Solar dryers, and the strategy for Red Chili promotion and value addition. It was also intended to gather all the relevant departments and agencies of Government of Sindh, working on agriculture promotion, on a single platform.
The Secretary Investment suggested ASF to formulate a punctual road map, strategy and marketing plan for “On Farm Solar Energy Dryers”, and recommended that they should provide technical support and training to the growers at the time of installation of dryers on the farms, and ensure that the moisture meter should be a part of solar dryers to increase convenience of the consumers.
Participants also agreed that a case study on Indian Chillies Drying and Processing Industry will be conducted that will be financially supported by ASF. Furthermore, SMEDA and ASF will make combined visits to the sites to gather real time information regarding improvements in value and quality of processed Chillies.It was agreed that next meeting of the forum will be held at Mirpurkhas with the Chillies farmers.
April 28, 2010
Invest Capital Bank, partner of Sindh Board of Investment (SBI), in Sindh Investment Conference 2010 met with Secretary Investment, Mr. Mohammad Younus Dagha, at SBI office in Karachi on April 28, 2010.
Mr. Rehan Ateeq, Deputy Chief Executive, Invest Capital bank discussed the current scenario of investment in Pakistan, especially in Sindh. He mentioned about their expertise in research work and willingness of Invest Capital Bank to work with SBI to attract investors in non conventional investment areas like agriculture, dairy and livestock through different products/projects that will highlight the investment incentives in Sindh. He proposed to have a presentation on Agri Business loan product before SBI in May 2010 which will highlight potential investment opportunities in Sindh.
Mr. Rehan ensured that the Invest Capital Bank will fully support SBI in formation of investment advisory board for policy making and recommendation.
April 19, 2010
A meeting with British Deputy High Commissioner, Mr. Robert Gibson was held at Sindh Board of Investment (SBI) office on April 19, 2010, where SBI team was led by Secretary Investment, Mr. Mohammad Younus Dagha. Mr. Dagha briefed the High Commissioner about various Investment projects being initiated by SBI and the incentives offered to investors by the Government. SBI representatives also presented ideas and proposals for investment facilitation and collaboration between British Government and Government of Sindh.
The British High Commissioner showed keen interest in the project of Education City and Fisheries Special Economic Zone. He also assured of his support for Sindh Government efforts for advancement in alternate energy sector.
Mr. Gibson also offered the support of his mission in assisting SBI hold road shows in Britain in which the local Investment Promotion agencies could also facilitate.The meeting concluded on vote of thanks and assurance of full support from British Government on the subject matter.
April 18, 2010
An Italian Firm (BRC) visited Sindh Board of Investment (SBI) to seek assistance in establishing alternate fuel (CNG Kit/Automobile Kits) assembly unit in Pakistan and the availability of incentives package from government on the proposed project. The meeting was chaired by Secretary Investment, Mr. Mohammad Younus Dagha alongwith SBI team, to review their requirements and identify areas where SBI can facilitate BRC on their investment project.The meeting was concluded with the assurance from SBI that they will facilitate BRC in finding suitable land at subsidized price for the plant in National Industrial Parks.
April 15, 2010
The representatives of Agri Support Fund (ASF) had a meeting with a team of Sindh Board of Investment (SBI), led by Secretary Investment, Mr. Mohammad Younus Dagha, to discuss the ASF initiatives and projects for boosting agriculture sector in Sindh.
ASF team revealed the issues related to “Farmer Promotion and Capacity Building Program” initiated by ASF, and requested the assistance of Government of Sindh to achieve the targets of the program. They have also submitted a proposal of Solar Dryers for chilies which could bring substantial value addition in the chilies industry with very small technological interventions.
The participants of the meeting established mutual understanding to promote “Chilies Drying” and “Dates Processing” as the priority projects in Sindh. SBI also expressed its support to the ASF proposal of Solar Dryers and provision of ASF matching grant, which would in turn bring a huge rise in exports. The Secretary Investment suggested arranging meeting with stakeholders in Khairpur to promote solar dryers in the dates region.The meeting was concluded with the understanding between SBI and ASF that they will formulate a proper marketing plan for the revival of Agri collaboration activities specifically related to drying and dehydration projects. Both the organizations will also organize small seminars and on ground sessions to mobilize farmers and growers to adopt latest technologies for attainment of economies of scale. It was also decided the issues being faced by ASF related to PMO, sector wise clutters, and global GAP certification will be resolved through mutual collaboration between Sindh Government, ASF & SBI.
April 10, 2010
Sindh Board of Investment (SBI), led by Mr. Younus Dagha – Director General SBI and Mr. Muhammad Zubair Motiwala – Vice Chairman, SBI / Advisor to CM Sindh on Investment, organized an extremely successful investment conference on 10th April 2010 at Shereton hotel in Karachi.
The conference was attended by more than 800 participants including ministers and secretaries to provincial and federal government, diplomats, representatives of multinational companies, foreign and local eminent personalities from business and investment sectors.
The conference consisted of a series of presentations highlighting the readiness of Sindh for international and local investment. Experts of different sectors also delivered speeches urging the investors with huge opportunities in all sectors in the province.
Governor Sindh, Dr Ishratul Ibad Khan formally inaugurated the conference. He said that the Sindh province is rich in natural resources while there are huge business and investment opportunities.
Mr. Younus Dagha – DG SBI, highlighted the objectives of SBI, saying that it works to create the investment friendly environment to augment the industrial partnership for socio-economic development in the province. He added that the SBI is also working on providing a forum to share ideas, concepts and identify new business areas besides providing Public Private Partnership models.
Mr. Zubair Motiwala – Vice Chairman, SBI and Advisor to CM Sindh on Investment, also emphasized on investment potential in the province and urged the government to resolve the problems of new investors like land acquisition, energy shortage, etc. He said despite the negative impression about Pakistan, there is also huge investment opportunity with huge profitability. Mr. Motiwala also added that the market demand for goods and services in Sindh is ample while its contiguity with the Middle East also makes it viable for investment to cater to the needs of trans-border markets. He pointed out that there was also an opportunity to reach the consumers of rural Sindh, as their purchasing power is lower than the ones in urban parts of the province, which needs enhancement, too.
The closing session was chaired by Sindh Chief Minister, Syed Qaim Ali Shah. He said that the one-window service by SBI would help the investors in making investments in different sectors of economy without any difficulties. Expressing astonishment, he said that he had been overwhelmed with huge presence of potential investors during the conference, and added that it would help develop the province, and Pakistan, into an industrialized state.
In the last session of the conference various potential investors signed five memorandums of understanding (MoUs) with the Sindh Board of Investment (SBI) for setting up alternative energy projects in the province.
March 26, 2010
‘Investors keen to explore Sindh's natural resources’
KARACHI: Chief Minister Sindh, Syed Qaim Ali Shah assured full support to Pakistan-Iran wind power project Thursday saying the project proposal would be examined and the necessary land will be allotted to ensure fast implementation.
He was talking to a delegation of Iran-Pak Wind Power Limited, headed by its Chief Executive, Khurram Sayeed, who called on him here at Chief Minister House.
During the meeting, Khurram Sayeed apprised the Chief Minister of the proposed 50MW wind farm to be established in Sindh. This would be the first of its kind joint-venture among companies of Iran and Pakistan.
The project envisages sizable foreign investment in Sindh which on the one had will help alleviate power crisis while on the other create employment opportunities.
Khurram Sayeed informed the Chief Minister Sindh that they have already carried out a study of feasible sites at Thatta and Jamshoro districts and presented the report to Syed Qaim Ali Shah.
Ehsan Nadjafi, Director Iran-Pak Wind Power was also present on the occasion.
Later while attending a detailed presentation of Sindh Board of Investment at Chief Minister House, Syed Qaim Ali Shah said that Sindh possesses vast natural resources and many intending investors are offering to explore these resources through their investments.
Syed Qaim Ali Shah stressed the need to make arrangements for power generation and said that solar energy projects should also be encouraged so as to meet the challenges of power shortage. Advisor to Chief Minister Sindh on Investment, Zubair Motiwala and Secretary Investment, Muhammad Younis Dagha informed the meeting that previously Special Economic Zone Authority in the province was controlled by the Board of Investment (BOI) Pakistan, but now SEZ authority is totally being supervised by Government of Sindh along with its regulatory control. The meeting was informed that Sindh Investment Conference will be held on April 10, 2010 at a hotel here which will be attended by diplomats, multi-lateral agencies, multi-nationals, businessmen, agriculturists, academia, media, federal and provincial organisations.
It was further informed that the seminar will have the theme of Sindh's competitive advantage, success stories, joint ventures under Public- Private Partnership models (such as Hyderabad-Mirpurkhas, Education City, Marble City), Sindh's readiness to facilitate investors, and signing of MoUs.
It was decided that Sindh Governor Dr Ishrat-ul-Ebad Khan will be requested to inaugurate the seminar while Chief Minister Sindh will be the chief guest at the closing session of the seminar.
26 March 2010
KARACHI : Sindh government has approached President Asif Ali Zardari to give 10 years tax exemption to agro based industries in Sindh, Sindh Minister for Industries and Commerce, Abdul Rauf Suiddiqui informed business community Speaking at launching ceremony of Karachi Chamber of Commerce and Industry (KCCI) exhibition My Karachi- Oasis of Harmony at a local hotel on Wednesday night.
He said that he had give a suggestion to President and Prime Minister to give agro based and food industries tax fee status in Sindh. He said that tax exemption is necessary to encourage investors for establishing agro based industries in the province. He said that water supply for industrial zones Nooriabad and Hyderabad will start in next 8 months at a cost of Rs 18 billion.He advised business community to make plan of investing in interior of Sindh and establish industrial units in general and agro based industries in particular. Rauf Siddiqui said that the government would construct boundary wall around Site Super Highway industrial area for safety and security purpose of investors, workers and industrialists .He appreciated Chief Justice of Pakistan Iftikhan Muhammad Chaudhry for taking notice regarding environment hazard in industrial areas and his directive to industries and government for proper disposal of industrial waste.
ppreciating KCCI for holding its annual event regularly since last 6 years to portrait Karachi as peaceful city and economic hub of the country, he assured full support and assistance by the government of Sindh in this regard.
Governor of Sindh Dr Ishrat-ul-Ibad and Chief Minister Sindh Syed Qaim Ali Shah were invited as chief gusts, but they did not turn up due to important engagements. Advisor to Chief Minister Sindh on investment, Zubair Motiwala informed that the government of Sindh is holding an international investment seminar on April 10,2010 He said that Sindh Board of Investment has completed about 21 feasibility reports for investment opportunities in Sindh.
Leader of Businessmen Group (BMG) Siraj Kasim Teli said that Karachi was recognised and valued as diversified fastest growing city and a gateway for Central Asia. However, continuously its image was tarnished by way of adverse propaganda made by the Western media. President KCCI, Abdul Majid Haji Mohammad said that the chamber has designed 7th My-Karachi - Oasis of Harmony (2010) exhibition, to act as the avenue for interactive business-to-business linkages and business-to-consumer relationship. Abdul Majid said that this year KCCI had taken extra measures to organise the event in more vivid and stylish fashion.
25 March 2010
Japan is planning to invest 15 Billion Yen in Motor cycle Plant in Sindh. Plant will start working from the end of year. Production will be started from 2012. In the initial phase, 22 Thousand Motor cycles will be produced annually that will increase to 3 Million annually in 2020. 50 Thousand People will get employment opportunities. The company will establish Yamaha Safe Riding Science Institute. Government of Sindh has established Japan Special economic Zone to encourage the Japanese investment.
Mr. Zubair Motiwala, the Advisor to Chief Minister Sindh on Investment met a delegate of Japanese Company YAMAHA under the chairmanship of Nick Ohmura in premises of Sindh Board of Investment. Secretary/Director General Sindh Board of Investment, Mr. Younus Dagha, Director General BOI Karachi, Ms. Nasreen Ali, members of the board and Mr. Feroz Shah Chairman Pak-Japan Business Council were also present at the event.
Japanese delegate told that they are ready to initiate hundred percent investments on Motor cycle Manufacturing plant and urged to start production work in the end of this year. 15 Billion Japanese Yen will be invested in the project. Until completion of the construction of plan in 2012, 22 Thousand Motor cycles will be manufactured that will increase to 3 Million annual productions till 2020. 2016 onwards, Pakistan would be able to export internally manufactured motor cycles to Asia, Latin America and African countries. In the beginning, 5% of spare parts will be manufactured in house. Till 2020, about 90 percent parts will be manufactured within the country. From the launch of Motor cycle production Plant in year 2010 to year 2020, the project will provide employment to 50 Thousand local people. Training will be provided to few of them in Japan as & when required.
Delegate informed the participants that YAMAHA motor cycle possess environment friendly Electronic Fuel Injector. Company will establish Yamaha Safe Riding Science Institute to educate about safe riding and traffic rules.
Advisor to Chief Minister Sindh on Investment proposed the delegate that Sindh Government is ready to provide 50 Acre land along with other facilities for manufacturing plant in Japan Special Economic Zone
Japanese delegate along with Secretary/ director General Sindh Board of Investment Mr Younus Dagha will visit Islamabad tomorrow to complete the requisites of the project. The delegate will meet Mr. Salim Mandviwala, the Federal Minister for Investment and Mr. Abdul Ghaffar Soomro, the Federal secretary for Production.
25 March 2010
KARACHI, Sindh Chief Minister Syed Qaim Ali Shah has said that Sindh province possess vast natural resources, that is why many intending investors are offering to explore such resources through their investments.
This he observed while attending a detailed presentation by Sindh Board of Investment at Chief Minister House. Syed Qaim Ali Shah stressed the need to make efforts for power generation and said that solar energy projects should also be encouraged so as to meet the challenges of power shortages. Advisor to Chief Minister Sindh for Investments Zubair Motiwala and Secretary Investment Muhammad Younis Dagha informed the meeting that previously Special Economic Zone Authority in provinces was controlled by the BOI Pakistan but now SEZA is totally being supervised by the Sindh government and regulatory control is with Sindh government.
The meeting was informed that Sindh Investment Conference will be held on April 10, 2010 at a local hotel which will be attended by diplomats, multilateral agencies, multinationals, businessmen, agriculturists, academia, media, federal and provincial organizations etc. It was further informed that the conference will have theme of Sindh's competitive advantage, success stories, join ventures under Public Private Partnership, models such as Hyderabad-Mirpurkhas, Education City, Marble City; Sindh's readiness to facilitate investors, singing of MOUs etc.
It was informed that sectors of agro-processing, aquaculture (fisheries), livestock, poultry and dairy, energy, stone and granite, low cost housing, urban development, municipal services, mass transit, tourism, special economic zones etc will be highlighted in the program.It was decided that Sindh Governor Dr Ishratul Ibad Khan will be requested to inaugurate the conference while Chief Minister Sindh will be the chief guest at the closing session of the seminar.
On the occasion, MoUs on PASDEC-Marble City , Trans Atlantic Energy - 35 MW wind farm on Dutch grant and Zarai Tarqiati Bank Limited on SDF support will be signed. The Chief Minister also stressed the need to approach the intending investors and they may be given necessary information about resources of the provinces. The meeting was also attended by Secretary to Chief Minister Sindh Syed Sohail Akbar Shah.
17 March 2010
KARACHI, Advisor to Sindh Chief Minister for Investment Muhammad Zubair Motiwala on Wednesday has said that the government is giving more incentives for getting investment in solar energy sector in order to meet electricity needs of Sindh province.
He said that a Germen company had shown interest in a project for generating 50 megawatts solar electricity in Bhambore; district Thatta, adding Sindh government would allot 250 acres of land in this regard Zubair Motiwala said that a delegation of the Germen company would brief the federal government on the project and subsequently final shape would be given to it in a meeting of Sindh Investment Board, scheduled on 19th March. Delegation members along with Director General Sindh Investment Board will also visit the site of proposed project in Bhambore.
9 March 2010
KARACHI: Sindh is one of the strongest provinces for investment owing to Karachi that is the financial capital of Pakistan having Karachi Stock Exchange with market capitalization of $30.5 billion, listed capital of $9 billion and the nucleus of headquarters of major banks, financial institutions and business houses as well as emerging opportunities in energy sector.
This not only holds true of Sindh alone but also makes Pakistan as a whole a worthy destination for investment, said Muhammad Zubair Motiwala, Advisor to Chief Minister Sindh on Investment in a seminar held by KCCI on “investment opportunities in Sindh” on Saturday.
Motiwala termed Sindh as the regional power house of the future encompassing the Thar Coal Resource with potential of 200,000 megawatt for 300 years, Wind Corridor having 50,000 megawatt potential, 56 per cent Oil and 71 per cent gas producer for Pakistan.
He said that Sindh holds large agricultural, industrial and aqua culture base, with agriculture sector contributing 23 per cent, large scale manufacturing 43 per cent and small scale manufacturing 25 per cent to GDP.
On the on-going investment projects, Motiwala informed about the Karachi Education City project, spread over 9,000 acres on both sides of link road between National & Super Highway having AKU, SIUT, ZABIST, SSUET, BIZTEK as stakeholders.
He also spoke of the Pak-Japan Special Economic Zone spread over 2,000 acres at Dhabeji being actively pursued with Government of Japan and the Japanese private sector for its development and relocation of Japanese businesses.
Besides, Hyderabad-Mirpur Khas Dual Carriageway, Khairpur Agro-Processing Zone, Textile City at Bin-Qasim, Marble-City Karachi will provide immense employment opportunities, boost exports and foreign exchange earning and will usher a new era of economic activity, he maintained.
He also highlighted the immense investment opportunities in wind energy farms, mines & minerals, urban transport, IT, services sector, livestock farming, dairy farming, aquaculture, fish and shrimp farming, horticulture processing and packaging whereby SBI is providing facilitation for land allocations, concessions and approvals from the Government and feasibility projects and business research in agro-processing and aquaculture sectors.
About overall investment perception in Pakistan he said that no MNC incurred a loss while doing business in Pakistan and OICCI perception survey 2009 depicts that over 74 per cent of foreign investors have shown interest in continuing to invest in Pakistan.
He stated that Pakistan has a liberal tariff regime, extending an enabling environment for investment opportunities, providing a coastline of 350 km with two major multipurpose ports, wide network of industrial estates and trained educated and affordable human resource.
Quoting the Japanese companies operating in Pakistan he said that they had had profitable operations for over 22 years without any difficulty in repartition of profits.
Also speaking about the role of Sindh Board of Investment he said that it has been established as the present government’s resolve to strengthen business environment in the province of Sindh and a principal Provincial Investment Agency to facilitate Foreign & Local Businesses committing to act as a bridge between the Government & the business community.
6 Feb 2010
KARACHI; The Sindh government has allotted a plot of land to Aga Khan Foundation (AKF) to establish Pakistan’s first ever Green University with the cost of $1 billion.
The Vice Chairman, Sindh Board of Investment (SBI) and Advisor to Chief Minister Sindh, Zubair Motiwala said that this is going largest ever single FDI (Foreign Direct Investment) by any investor in Sindh and if the project gets commissioned in 2014, it would be the remarkable success to the SBI in its endeavor to bring investment to the country.
The green university would be spread on a land of over 800 acres at Link Road, Gadap Town near Karachi where the provincial government has planned to set up Education City.
The constructed area of the proposed university would be approximately 200,000 meters, the biggest constructed area in any university in Pakistan, he said adding that the land allotted to the project has already been developed and the investors have already spent $40 million on lease of land, feasibility, construction of some laboratories, green-rooms and other amenities.
The Advisor further said that entire area of the proposed university would be smoke and pollution free and no vehicles would be allowed to enter inside and instead of that battery operated cars and trolleys would be used for the transport and logistics.
He said that if everything goes well, the fits batch from the university would pass out in 2020.
He said that global environment and several restrictions by the USA, EU, and other Western countries’ education institutions and their governments have made extremely difficult for the Pakistani student to study abroad and considering the situation foreign universities are willing to establish their campuses in the proposed Education City in Sindh, he said adding that foreign students would also be able to study in such universities including green university by AKF bringing the precious foreign exchange to the country.
13 Apr 2011
KARACHI; Sindh Board of Investment in collaboration with Halal industry Development Corporation (HDC) of Malaysia organized an International Halal Conference on 22nd of March’2011 and two fellow sessions on 23rd March, 2011 at local hotel in Karachi.
The Honorable CM Sindh Syed Qaim Ali Shah inaugurated the conference. CM Sindh applauded the efforts of Sindh Board of Investment for bringing awareness of the fast growing trillion dollar global Halal Industry. He further stated that this conference would take ahead the province and country towards higher international trade and industry and value addition industry.
The Advisor to Chief Minister Sindh on Investment, Mr. Mohammad Zubair Motiwala said that the conference was a manifestation of commitment of both SBI and HDC to successfully implement the memorandum of understanding (MoU) signed between SBI and HDC on 1st December, 2010 at Kuala Lampur, Malaysia for the development of Halal Sector in Pakistan. HDC is a Malaysian Agency responsible for promotion of Halal industry in Malaysia. He said that very soon HDC will be training Pakistan’s institutions in Halal certification and registration we will be able to start certification of Halal products in the next couple of months.
The Secretary Investment/ Director General Sindh Board of Investment, Mr. Mohammad Younus Dagha in his presentation highlighted that Malaysia was one of the key players in global Halal Sectors and Pakistan would be one of those few Muslim countries which would have a legal structure to develop Halal industry and play due role in the trillion dollar Halal market which continuous to grow. Certification of Halal products will begin by the end of the year in Sindh with the help HDC of Malaysia, He said that SBI with assistance of HDC was also working on a proposal to develop a Halal Park with infrastructure to facilitate growth of Halal industry.
The Malaysian delegation was led by chairman HDC, Tan Sri Dato, CEO HDC Seri Jamil Bidin, Dr Syed Jalal-ud-din Syed Salim and other senior officials of HDC.The Malaysian delegation were optimistic of their alliance with SBI for Halal industry promotion.
Two follow up sessions discussing future course of action for regular framework and trade in Halal sector were also held on next day of seminar. The two days event received a very positive feedback from local business community as it provided a good opportunity for brain storming and consultation between the government officials, local businessmen and the Malaysian delegation. The Conference was widely attended by Foreign diplomats, Provincial and Federal Government officials and local businessmen.
13 Apr 2011
KARACHI; The Deputy High Commissioner for UK, Mr. Robert W. Gibson on completion of his assignment in Pakistan, paid a farewell visit to Sindh Board of Investment on 25th March, 2011. Mr. Zubair Motiwala and Mr. Mohammad Younus Dagha received Mr. Gibson in SBI’s office at FTC.
The Advisor to CM Sindh on Investment Mr. Mohammad Zubair Motiwala appreciated Mr. Gibson’s role during his tenure in Pakistan and desired to further strengthen the friendly relations between Pakistan and UK governments especially in the fields of Education and Energy.