Russian investment expected in Sindh

Karachi: 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 provincial government has offered favourable incentives to the foreign investors, Chairman Sindh Board of Investment, Muhammad Zubair Motiwala said in meeting with Russian Consul General Andrey Demidov at his office on Wednesday.

Chairman SBI welcomed the proposal of Russian Consul General that Russian investors would visit Pakistan and specially Sindh to discover investment opportunities in the province. Motiwala 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 has shortlisted fifteen (15) Shovel Ready Projects for local as well as foreign investment.

Meeting was held to review the progress in the backdrop of the visit of 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.

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