Karachi: Sindh Chief Minister Syed Qaim Ali Shah has said that his government is encouraging local and foreign investment in energy sector, through public private partnership (PPP) and joint ventures (JV) providing tax holiday along with other incentives.
Talking to the Consul General of France, Francois Dall’Orso, who called on him at CM House, he said France is close associate and friend of Pakistan. He said that PPP chairman Zulfikar Ali Bhutto had signed a historical nuclear agreement with France.
He said that unfortunately, Pakistan including Sindh province presently face the energy crises, despite having natural resources such as coal reserves, wind corridors, and sunlight for solar energy. He said that after the 18th amendment provinces have became empowered to negotiate and enter into agreement for any kind of foreign investment or trade and commerce activities.
He said that Sindh is rich in natural resources with vast potential of investment specially in energy, agriculture and irrigation sectors and French investors can avail these opportunities. He said that Sindh Government has already entered in agreement with investing companies of China, Turkey and other countries and providing good incentives to them.
The Consul General of France said that Karachi is an important city of the South Asia and his country was deeply interested to increase the trade volume between France and Sindh Province. He showed interest in wind energy sector and preservation of ancient historical archaeological sites in Sindh. He said that exchange of business delegations would pave the way for increasing the trade volume and investment in different areas.