Qaim invites foreign investment to Karachi BRT project

KARACHI/ DUBAI: Chief Minister Sindh Syed Qaim Ali Shah who currently is leading the Pakistani delegation in fourth consecutive event of Annual Investment Meeting (AIM-2014) at International Convention and exhibition centre at Dubai has invited the foreign investors to invest into the most potential Bus Rapid Transit (BRT) project in Karachi and agricultural and mineral resources excavation sectors and offered full support to them from the Sindh Government.

This AIM event is being held at international Convention and Exhibition centre at Dubai from April 7 to 10.

This fourth edition of AIM was aimed to evaluate vast investment opportunities in emerging markets offer with potential high rates of return in an increasingly secure and stable environment. Annual Investment Meeting (AIM) -2014 is a forum where more than 100 countries are attending to boost Investment and coordination in their areas of interest.

The Pakistani delegation lead by Qaim Ali Shah comprised Ismaeel Miftah, Chairman Federal Board of Investment, Murad Ali Shah, Advisor for Finance & Energy, Ali Arshad Hakeem, Chairman Sindh Board of Investment and federal and provincial officials.

The CM Sindh while briefing Aziz Rabbah, Minister for Equipment and Transport of Morocco said that BRT project which will initially run on 3 corridors in Karachi extending to 70 kms with transport qualities equivalent to those of developed western countries.

The Morocco Minister showed keen interest in the development of Bus Rapid Transit and assured to send a high level delegation to Sindh, Pakistan.

After the formal inauguration of the event by the ruler of Dubai, Chief Minister Sindh visited the stall of Sindh province in exhibition.

The delegation met with Tjkero Tweya (MP) Deputy Minister , Ministry of Trade and Industry of Republic of Namibia. In the meeting mutual areas of interest came under discussion particularly the R&D in the Agriculture sector.

The delegation also had meeting with Datuk Amar Haji Awang Tengah Ali Hasan, Minister of Resource Planning & Environment, Public Utilities & Industrial Development, Sarawak, Malaysia and highlighted that the Sindh Board of Investment (SBI) in collaboration with Halal Industry Development Corporation (HDC) of Malaysia is working dedicatedly to develop Halal industry in Pakistan.

SBI and HDC are committed to effectively implement the provisions of the Memorandum of Understanding signed between the two parties on 1st December, 2010 in Kuala Lumpur, Malaysia for development of Halal sector in Pakistan.

The Minister of Malaysia assured its cooperation in developing Halal sector in Pakistan and he also evinced to import value added products of agriculture like mangoes etc.

Moreover, Mahendra Siregar Chairman, Investment Coordinating Board Republic of Indonesia met with Pakistan’s delegation where mutual interest of areas discussed to strengthen the ties of two countries. The Indonesian delegation head showed interest in the Pakistan’s potential of Agriculture and Mineral resources and its excavation. The delegation also showed interest in the visit of high level delegation from Indonesia to Pakistan.

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