Chinese firm keen to invest in Karachi Circular Railways, Zulfikarabad

Karachi, April 16, 2016 (PPI-OT):A high power delegation of Chinese state – owned company and a private firm called on Sindh Chief Minister Syed Qaim Ali Shah and expressed their interest to invest and work on Karachi Circular Railways and Zulfikarabad, the new city being established near Thatta.

The delegation led by state-owned China Railways company led by Mr Vin and private firm, Tashinua led by Mr Jinbo discussed investment opportunities in Sindh and expressed their deep interest into investment in Karachi Circular Railways and in the infrastructure of Zulfikarabad.

The Chief Minister, Syed Qaim Ali Shah said that according to a study Karachi Circular Railways stretches over an area of 43 kilometres with daily up and down turnover of around 700,000 passengers. It would have 24 stations. He said that the project has great investment opportunities. He directed Minister Transport Mumtaz Khan Jakhrani and Secretary Transport Taha Farooqi to have a meeting with the delegation and discuss investment opportunities and the light rail requirement of the city on Monday.

The delegation of Tashinua group said that their firm has vast experience of city development, road and airport construction. They showed their interest to invest in Zulfikarabad city which is being constructed on the sea shore near Thatta. The Chief Minister directed DG Zulfikarabad to hold a separate meeting with the delegation on Monday and discuss mode of Investment with them.

The meeting was attended by Senator Saleem Mandviwala, Minister Transport Mumtaz Jakhrani, Principal Secretary to CM Alamuddin Bullo, Chairperson Board of Investment Sindh Naheed Memon, secretary transport Taha Farooqi and others and others.

For more information, contact:
Mr. Allah Bachayo Memon
Press Secretary
Chief Minister House
Tel: +92-21-99202019
Cell: +92-300-3524057 (Ext: 336)
Website: www.cmsindh.gov.pk