April 17, 2017
Senior Commercial Officer of United States Consulate in Karachi, Stephen P. Knode along with a delegation called on Chairperson Sindh Board of Investment (SBI), Ms. Naheed Memon at SBI's Office here on Monday.Talking to the delegation, Ms. Naheed Memon lauded the steps regarding shifting of the Commercial Service Office of the US Consulate from Islamabad to Karachi and said that Karachi is business hub having majority of financial activities.
Shifting of Commercial Service Office of the US Consulate to Karachi will help the traders, industrialists and investors to easily access to the Commercial Office, she noted.They also discussed holding of international business opportunity conference in Karachi with the cooperation of United States.
The SBI Chief also informed the delegation about availability of investment opportunities in technology and equipment sectors in projects related to the China Pakistan Economic Corridor (CPEC).She also briefed them about the availability of opportunities for investors in expansion of urban market and urban market products.
Fruitful investment opportunities are available in food,pharmaceutical, technology, transports and many other sectors, she added.
April 07, 2017
Chinese Company, Mingyuan Holdings Group Co. limited has offered to install an oil refinery near Karachi in Sindh with the investment of US $ 2 billion.
The refinery estimated to refine over 10 million tonnes of oil annually to set the commodity in the local and international markets. The delegation of the Chinese Company led by its Chairman Ji Hong Shui presented offer during meeting with Chairperson, Sindh Board of Investment (SBI), Ms. Naheed Memon here today.
They also discussed to establish the refinery in the area of near Port Qasim Karachi or Dhabeji, Gharo, Nooriabad, Thatta or Kotri.
The company also discussed to establish the industries relevant to the oil refinery in the area adjacent to it. Talking to the delegation, the chairperson SBI appreciated their offer and assured full cooperation to the Chinese company on behalf of Sindh Government.She called upon the members of the Chinese delegation to present their suggestions with regard to their required facilities like electricity, water and gas so as to take necessary action.
The members of the Chinese delegation decided to present their detailed suggestions in the next meeting with the chairperson SBI.
March 10, 2017
Chairperson Sindh Board of Investment (SBI), Ms. Naheed Memon along with a SBI delegation called on Belarus delegation led by Belarus Minister for Industries, H.E Mr. Vitaly Vovk here today. Vitaly Vovk is also Co-chairman of Belarus-Pakistan Commission on Trade and Economic Cooperation, who is head of Belarus delegation visiting Sindh. They discussed various aspects to strengthen relations at regional and provincial level in industrial, trade, economics, science, technology, agriculture, culture and other sectors.
They agreed to constitute special committees to figure out substantive points for trade and economic cooperation between the two countries. They also discussed possibilities to include traditional and nontraditional goods in trade, cooperation in banking sector, giving access to enterprises of the two countries to tax-free zones of the each other.
They also discussed to exchange trade delegation and cooperation in agriculture, automobile and pharmaceutical sectors. The delegations also discussed different aspects related to interest of companies of Belarus in coal mining in Thar and agreed to extend cooperation on fast-track in this regard.
February 21, 2017
A 12-member delegation of China International Engineering Consulting Corporation (CIECC) led by Director General-Chinese International Business Department, Wang Ping called on Chairperson Sindh Board of Investment (SBI), Ms. Naheed Memon at her office here on Tuesday.
Chinese company, CIECC, is a company which is working and giving advice to the Chinese Government in various projects of the China Pakistan Economic Corridor (CPEC). They discussed water supply projects and its infrastructure in Sindh including Karachi.
Talking to the delegation, Ms. Naheed said the Sindh government has a crystal program to extend every possible support and facilities to the investors desire to work on the projects under public private partnership.
She said that Sindh Engro Coal Mining Project which is the largest public private partnership project in Pakistan has been executed in Thar -Sindh.Hyderabad- Mirpurkhas Dual Carriage Way was the first ever public private partnership project in Pakistan, is also in Sindh province,hence Sindh province is most suitable for the project of public private partnership, she added.They held detailed discussion on schemes of water supply and betterment of the infrastructure the same and agreed to continuously review the progress in this regard
February 06, 2017
Ambassador of Netherland Jeannette Seppen on Monday called on Director General, Sindh Board of Investment (SBI), Tanveer Ahmed Qureshi at his office here. Chief Executive Officer, Sindh Enterprises Development Fund (SEDF), Mehboob-ul-haq and other officials were also present, said a statement.
They discussed the matters related to agriculture, livestock, energy, capacity building, strengthening trade relations, training and other mutual interests. The DG SBI stressed on enhancing cooperation and interaction between the investors and business communities of the two countries to further increase investment in various sectors.
The Ambassador of Netherland assured his full cooperation in this regard and invited the Chief Minister of Sindh through the DG SBI to visit his country along with a delegation.
January 10, 2017
Chairperson, Sindh Board of Investment, Ms. Naheed Memon has underlined the need for chalking out a road map to give status of a professional industry to all professional services especially finance and accounts.
In a meeting with a delegation of Association of Chartered Certified Accountants (ACCA) Pakistan, in her office here on Tuesday, SBI Chairperson emphasized them to come up with a guide book identifying the sectors where there was good room for setting up outsourcing centers. The talent available in the country and code of conduct should also be given in the book. Such information would help convince Federal and Provincial governments to make their policies accordingly.
Sohail Saleem Country head of ACCA was leading the delegation. The delegates informed the SBI Chief that Philippine was earning a lot of revenue from professional services and a separate ministry had been set up for call centers. Similarly, Poland had ensured availability of jobs at the call centers for educated youth to the extent that jobs were surplus than total population.
They also told that in Pakistan, there was clear spaces for setting up outsource services centers for finance and accounting professional services. Eighteen thousand professional accountants were registered and another seven thousand were getting this professional education in the country. Fifty percent of the country's population was under 24 year’s age. Thus, there were very much chances for success of these professional services outsourcing centers. These centers would provide jobs and revenue, the visiting accountants said.
SBI Chairperson said that besides compiling a guide book, there should be more interaction between professional experts from different services and government organizations.
November 30, 2016
The China-Pakistan Economic Corridor (CPEC) is very much in Pakistan's interest, as it would lead to development on a faster pace, said the Chairperson of Sindh Board of Investment (SBI), Naheed Memon, on Thursday.
Speaking at a moot organized by the Mass Human Resource Services and SBI here, she said a huge sum of money is being utilized under the CPEC to resolve energy problems and improve infrastructure of the country. She said that support to the CPEC is in Pakistan's own interest. "However, we would also have to keep in view the interests of our industries," she added.
The SBI chairperson said that the government of Sindh desires that the Ketibandar project should be included in the CPEC. She was also of the view that the sessions of the Council of Common Interests (CCI) should be held in accordance with the provisions of the Constitution.
The conference was attended, among others, by industrialists, traders, businessmen, office bearers of associations as well as the government officials.
November 17, 2016
Officials of China's Ministry of Industry and Information Technology and Economic and Commercial Councillor of Chinese Consulate in a meeting with Chairperson Sindh Board of Investment (SBI), Ms. Naheed Memon have agreed to form a working group for development of industrial park and special economic zones and establishment of industries in Sindh.
The working group will be comprising the officials of China's Ministry of Industry and Information Technology and Economic and Commercial Councillor of Chinese Consulate and departments of Sindh government, said a statement on Thursday.
Representative of Chinese Ministry of Industry and Information Technology, Han Qiang, Economic and Commercial Councillor, Gwo Chwnshui, Sindh Secretary Health, Dr. Muhammad Usman Chachar, Secretary Industries, Abdul Raheem Soomro and other notables were also present.
Addressing the occasion, Ms. Naheed briefed that investors are being provided relief in taxes in the special economic zones and necessary facilities are also being extended to them. Special cell is established in the Sindh Police to provide security to the Chinese investors, she added.
She pointed out that excellent investment opportunities are available in Pak China special economic zone and special economic zones at Ketti Bander and Larkana, which will after opertionalization are expected to create over 200,000 jobs.
November 11, 2016
Sarplast, a Switzerland-based company famous in manufacturing of Glass-Fibre reinforced Plastic (GRP), pipes and fittings, has shown keen interest to invest in plastic pipe and fitting sector in Sindh.
This was observed in a meeting of Chief Executive Officer of Sarplast, Giuseppe Gotti with Director Administration, Sindh Board of Investment (SBI), Abrar Ahmed Sheikh on Friday.
They held discussion on investment in joint venture with the local companies in the field of Glass-Fibre reinforced Plastic pipes and fitting. The representatives of Pakistan-based companies and officials of the SBI also attended the meeting.
Addressing the meeting, Giuseppe Gotti briefed about the participants regarding demand and consumption of the produce of his company across the world. He said that his company is interested to invest in projects of joint venture with the local companies.
Abrar Ahmed Sheikh welcomed the suggestion of the Swiss company and said that every possible cooperation will be provided to their company.
October 26, 2016
Consul General of Switzerland in Karachi,Philippe Crevoisier called on Chairperson Sindh Board of Investment (SBI), Ms. Naheed Memon at her office here on Wednesday.
Talking to the Swiss CG, Ms. Naheed Memon said that Switzerland is the fifth largest investor in Pakistan and the Sindh Government intends that the investors from Switzerland should increase investment in Sindh province, said a statement on Wednesday.
She informed the Swiss envoy that great investment opportunities are available in food processing and cold storage, pharmaceutical and modern technologies sectors.
She said that the Sindh province intends to link up its produce with the global supply chain and it needs cooperation of Swiss companies and government in this regard. Philippe Crevoisier welcomed the suggestion of the Chairperson SBI and assured to extend every possible cooperation in this regard as well as agreed to play his role to bring closer to the investors of the two countries.
October 25, 2016
Chairperson, Sindh Board of Investment (SBI), Ms. Naheed Memon has said that the SBI will extend assistance to link up the Agriculture and Livestock and Fisheries produce to the local and international markets, traders and investors.
She said this while chairing a meeting of the officials and representatives of Agriculture, Livestock and Fisheries, Planning and Development and World Bank at her office here, said a statement on Tuesday.The meeting discussed the programs regarding value addition of the Agriculture and Livestock and Fisheries produce of Sindh so as to make these produce more profitable.
The meeting was informed that over 20,000 liters/daily milk is produced alone from the Thar areas in Sindh, which can be increased upto 40 liters per day with a proper planning.
It was also told that projects are being considered to make the agriculture produce include onion, red chili, rice and dates of Sindh more profitable and World Bank are ready to provide assistance in these projects.The experts opinion and markets for these projects be provided by the SBI, the meeting was told.
Addressing the meeting, the Chairperson SBI called upon the Agriculture and Livestock departments to submit the value addition programs of their produce to enable Sindh Enterprise Development Fund to make further progress.
She also appreciated the cooperation and assistance of the World Bank for value addition of the agriculture and livestock produce of the Sindh province.
October 18, 2016
Pakistan Mercantile Exchange (PMEX), the country’s only multi-commodity exchange, organized a ceremony at his head office in Karachi, to mark the handing over of subsidy by SEDF. Ms. Naheed Memon, Chairperson, Sind Enterprise Development Fund (SEDF)/Sindh Board of Investment, handed over a subsidy cheque for the Red Chilli farmers to Mr. Ejaz Ali Shah, Managing Director, PMEX.
SEDF graciously decided to provide subsidy to farmers on the trading fee and interest rate (on financing against their produce), which would not only encourage the farmers to trade at the technology-driven trading platform of PMEX, but also reduce the transaction cost for the farmers significantly thereby passing the benefits to the grass root level.
Commenting on the occasion, Mr. Ejaz Ali Shah said, “I am grateful to SEDF for reposing confidence in the Red Chilli trading platform of PMEX and consenting to provide subsidy to red chilli growers. PMEX is relentlessly striving to link the Exchange with the real economy by bringing agricultural commodities trade on its platform. Our Red Chilli project in association with value chain participants such as Agility, Pakistan Agricultural Coalition (PAC) and SGS has set a good example of a successful collaborative model which will be replicated for other commodities in the future.”
Moreover, he said, “Once modern warehouses are established and certification along with credit facilities are made available to farmers, they will be able to avoid ‘distress’ selling and will be in a better position to get a fair price for their produce in an efficient manner. PMEX will remain committed towards playing its due role in the development and success of the required eco system.”
Ms. Naheed Memon, Chairperson, SEDF said, “Government of Sindh (GoS) has devised a new strategy to facilitate electronic trade of agricultural produce, this strategy will bring revolutionary changes towards traditional agri-practices in Sindh by minimizing the role of ‘middle-men’ and connect the farmers to local and international markets. Accordingly, SEDF is glad to announce a subsidy on PMEX’s e-trading fee of Rs. 2.5 per KG for 6,000 tons per season for two seasons. Total amount of subsidy under the scheme will be Rs. 30 million. SEDF in consultation with PMEX is devising a mechanism to ensure that subsidy reaches to wider range of growers. SEDF is also further subsidizing the financing cost under the Warehouse Receipt Financing Scheme through Zarai Taraqiati Bank Limited (ZTBL) and Sindh Bank by absorbing the KIBOR portion. Total amount of subsidy under the scheme will be Rs. 30 million (Rs.15 m per season). We believe that these revolutionary steps will lead to provide premium price to farmers for their quality produce eventually resulting in quality crop inputs over the period of time. Moreover, providing prompt payments to farmers within 72 hours through Warehouse Receipt Financing Scheme will enable them to timely invest in other crops.”
Mr. Akif Saeed, Commissioner, Securities and Exchange Commission of Pakistan along with other Senior Executives from SEDF, World Bank, Sind Agricultural Growth Project, Agility, Pakistan Agriculture Coalition (PAC), SGF, National Foods, Pak Brunei Investment Company and World Bank graced the ceremony.
October 06, 2016
United States Counsul General, Grace Shelton and Executive Director US Trade department for Asia,International Trade Administration, James Golsen with a delegation,called on Chairperson Sindh Board of Investment (SBI), Ms. Naheed Memon at her office here on Thursday.
They discussed the matters of mutual interests and increasing trade volume between the Pakistan and United States. The SBI Chairperson said that United States is third largest investor in Pakistan, after China and Switzerland and the export from Pakistan to US and double as compare to the imports from US to Pakistan.
We want to further enhance their business and trade between the two countries and also intend to encourage imports from US so as to introduce new technologies to Pakistan, she added.
She said that the graph of last ten years shows that the US investment in Pakistan has been decreasing and suggested to convene Pakistan America Business Opportunities Conference at Karachi to highlight the business and trade opportunities in US and Pakistan before the investors of two sides.Talking to the Chairperson SBI, Grace Shelton agreed with her suggestions and assured his every possible cooperation in his regard.
September 08, 2016
Chairperson Sindh Board of Investment (SBI), Ms. Naheed Memon called on Consul General of Turkey, Murat Mustafa Onart at Turkish Consulate here. They discussed the matters related to the promotion of trade and business between the Pakistan and Turkey.
Talking to the Turkish CG, Ms. Naheed Memon said that most of the offices of big companies of Turkey are in Karachi and the SBI intendsto extend every possible cooperation to these Turkish companies to expand their business.
She said that a Turkish company `Arcelik' has recently brought US $ 215 million here which is reflection of attractive investment opportunities for the Turkish investors in Pakistan. She said that solid waste management, transport, road network, housing, environment, health and other sectors include Fast Moving Consumer Goods FMCG) have good investment opportunities because of increasing rural population in Pakistan, especially in Sindh.
She said the tourists site like Mohenjodaro, Gorakh Hill, Makli,Bhambhore, Chokundi and Keenjhar Lake attract large number of tourists every year, where hotels and resort sectors got investment openings. The Turkish CG agreed to the SBI chief and said that he will play every possible role to promotion investment and exchange of delegation between Pakistan and Turkey.
September 07, 2016
The first-ever German Engineering and Motor Show in Karachi will open new vistas for investment. This was stated by the chairperson of the Sindh Board of Investment, Ms. Naheed Memon, on Wednesday.
She was talking to a delegation of German-Pakistan Chamber of Commerce and Industry, led by Ms. Ines Chabbi, who called on Ms. memon in her office.The three-day event is proposed to be held in January (from 26th to28th) 2017, at the Expo centre here in Karachi.
Ms. Memon said that full security would be provided to the German delegates. She stated that the event would make available opportunities to exchange of technology as well. Ms. Ines said that prominent European companies would come up with their products at the show. She said that Pakistani companies would also be invited to participate.
September 05, 2016
Chairperson Sindh Board of Investment (SBI), Ms. Naheed Memon has said that the Sindh province got the resources which may help resolve energy crisis in the country.
She said that we have coal reserves, excellent wind corridor and also solar power in Sindh.She said this while addressing as a chief guest in a seminar on renewable energy organized by famous company of Denmark, Ramball, here.
She said that the government of Sindh is fully encouraging the investors working on the renewable energy projects.
She said that Pakistan is a country with repidly increasing middle class and got many beneficial investment opportunities. We want to take benefits from the experiences and expertise of the Denish experts in the field of renewable energy, she said.
She also invited the investors from the companies of Denmark to bring investment along with technologies and take benefits.Ambassador of Denmark in Pakistan,H.E.Ole Thonke and others also spoke.
September 02, 2016
Chairperson Sindh Board of Investment (SBI), Ms. Naheed Memon held two separate meetings with consortium comprising Chinese companies at her office here on Friday.
The chief SBI briefed the Chinese companies regarding investment opportunities in Sindh in the water supply and sewerage, housing and town planning, infrastructure development, roads and railways network, agriculture and projects in public and private sector. She told the delegations that the Sindh government are offering attractive offers and incentives to the investors in various sectors. She also highlighted the importance and benefits of investments in these sectors with reference to the China Pakistan Economic Corridor (CPEC).
In the first meeting, a 21-member delegation of International Green Economy Association (IGEA) was led by Vice Chairman IGEA, Zhao Michael. Zhao Michael told the chief SBI that the IGEA works in the China as think tank on the Green Economy Projects, which has over 1500 enterprises as its members.
The Chief SBI held second meeting with the CYPE, group of Chinese investment companies, led by its Chairman Hu Xiongzhe. The delegation was comprised officials of Cripe Investment Managements Group of China told Ms. Naheed Memon that the Chinese companies are interested to work in projects of medical parks, education city, hospitals, roads and railways infrastructure.
August 25, 2016
KARACHI, YOUR UBER IS ARRIVING NOW.
UBER, the international smartphone app that seamlessly connects riders to drivers, has launched in Karachi with a Memorandum of Understanding (MoU) with the Sindh Government and Ministry of Transport as a way to promote the effective use of technology within the transport space.
This will be one of the is committed to developing technology to bring additional safety, and convenience for Karachi residents, in addition to creating more economic opportunities for individuals and small and medium enterprises.
CM Sindh, Syed Murad Ali Shah, welcomed the introduction of this service and said it would make travelling more convenient and safe and also provide employment to many. He added that Karachi with a poulation of more thab 20 million faces many challenges and he is determined to improve urban transport services through modern public transportation. Uber will be a very good alternative for many including those who use private cars. CM added that he has asked for Uber to take all necessary measures to ensure safety, security and provide the service at very competitive prices.
Karachi is the second city to launch in Pakistan in six months. Karachi will first launch with uberGO, its low cost product, and will have a cash option.In Karachi, uberGO will serve Clifton, Saddar Town, Jamshed Town, Gulshan-e-Iqbal Town, Liaqutabad, North Nazimabad, Gulberg Town, Faisal, Malir, Malir Town, and Korangi to start off with.
Zohair Yousafi, Head of Pakistan expansion, said: “Thousands of people have already downloaded the app in Karachi in anticipation of today and we are even more excited about the Sindh Government warm welcome to the city. We like to say that cities choose us, instead of Uber choosing cities and that is extremely true for Karachi. Anyone can now enjoy an affordable, reliable and safe ride at the push of a button thanks to uberGO. The competitive price means using uberGO is the perfect option for anyone wanting to get around the city.
The flexibility, entrepreneurial opportunity and earning potential of Uber’s innovative technology has an equally transformational impact on the livelihoods of driver partners and their families. We have seen this in Lahore and look forward to the positive impact it will bring to Karachi.” To celebrate, trips throughout Karachi will be free for the first weekend.
Uber is available on all iOS, Android, Blackberry 7 and Windows smartphones. Users simply download the free app and create an account to get riding.Every potential driver must undergo a screening process before they can use Uber - which requires their national identity card, driving license, car registration, a police verification certificate and a social referral character certificate. All drivers must also go through comprehensive training on how to operate the app and attend a mandatory anti-sexual harassment seminar by Rabbt.
Once passed, the incredible technology connects successful independent drivers to more riders, so they can take more trips per hour. The drivers who partner with Uber choose when they drive, and can dictate their own schedule, day-to-day, week-to-week. Uber is creating thousands of similar economic opportunities for people in every city where the service is available.The app uses GPS-enabled maps to find the closest available driver, usually just minutes away. Once requested, the rider sees the driver’s photo, name and car registration and can watch on their smartphone in real-time as the vehicle arrives. They can also check whether others have had a good experience with him or her. The app notifies the rider when their driver has arrived, so gone are the days of waiting outside in the dark.
During the trip, riders can share their estimated time of arrival or a live map with friends or family who can track their progress and know when to expect them. And at the end of the journey, the trip can be completely cashless, as payment can be made automatically made through app wishes so there’s no worrying about carrying enough cash. These features provide increased safety as well as unprecedented convenience.
August 24, 2016
Chairperson, Sindh Board of Investment, Ms Naheed Memon while briefing the representatives of Swiss Business Council of Pakistan said that fruitful investment opportunities are available in multiple sectors in Sindh.
She informed them the Agriculture, transport, science and technology, health, tourism are among the most suitable sectors for investment, during the briefing held in Swiss Consulate here today.
She said that the land of Sindh has historic traditions and number of sectors will appear beneficial for the investors.
On this occasion representatives of Swiss Business Council of Pakistan obtained necessary information about incentives for the investors from the Chairperson, Sindh Board of Investment.Besides others Swiss Deputy Head of Mission Islamabad Mr. Roger M Kull were also present in the briefing.
August 17, 2016
The Chinese and Pakistani companies signed an agreement to establish packing, scotch and Bopp Film tapes manufacturing unit on 10 acres with the investment of US $ 40 million at the Bin Qasim National Industrial Park here.
The signing ceremony held at the office of Sindh Board of Investment (SBI), here. Managing Director of Gettle Group China, Fang Wen Bin and Managing Director of Easy tapes, Imran Iqbal signed the Memorandum of Understanding (MoU), on behalf of their respective companies.
Addressing the occasion, Chairperson SBI, Ms. Naheed Memon said the MoU will help create more employment opportunities and bring Latest technologies to Pakistan.
She said that the policy of tax exemption for 10 years to investors in the Special Economic zones and exemption in excise duty on import of machinery has been adopted.Ms. Naheed Memon also expressed hope that the unit will start work within a year.
August 2, 2016
Chairperson Sindh Board of Investment (SBI), Ms. Naheed Memon on Tuesday said that the agreement between Italy and Pakistan will create more jobs and bring modern technology and economic development to the Sindh province.
The agreement will also help introduce new technology in automobile and construction industries, she added.
She expressed these views in a signing ceremony of a Memorandum of Understanding (MoU), between Italian company `BLEND' and Pakistan based company SWAN at the SBI.
The agreement envisages introduction of the modern Construction Concrete manufacturing plant by the Italian company with the cooperation of the SWAN to the market in Pakistan.
The Italian company will also establish a unit for manufacurting locally in Pakistan. It is relevant to mention here that the Italian company manufacture the comprehensive Construction Concrete plant include trucks and railway bogey.
Italian Consul General in Karachi Gianluca Rubagotti and others were also present. The SBI has played a significant role to bring Italian company and SWAN close with the objective to introduce modern technology in Pakistan.
Chairperson SBI Ms. Naheed Memon during her latest visit to Italy and Germany had motivated the foreign companies to invest in different sectors in Sindh.
The Chairperson SBI also organised a preliminary meeting of the officials of BLEND and SWAN on the sidelines of Munich investment conference, which has resulted in signing of agreement between the two firms.
July 29, 2016
Chinese automobile manufacturing companies have expressed keen interest in assembling and manufacturing of the vehicles in Sindh and a delegation of Chinese companies will be taken for a visit to Bin Qasim Special Economic Zone in next few days.This was decided in a meeting chaired by Chairperson, Sindh Board of Investment (SBI), Ms. Naheed Memon here.
The Chinese delegation will be briefed about the land for setting up plant and facilities which are being extended to the investors in the Special Economic Zone - Bin Qasim. Director Chinese company, Jack Motors, Chen Zhi Qiang, Official of Yang Zhou Jumbo Win Automotive, Chen Jin Peng and Managing Partner of Joan company, Joan were among the members of the delegation.
Director General SBI, Dr. Tanveer Qureshi briefed the delegation regarding investment policies of the Sindh government.He said that the investors are being extended special incentives in the special economic zone.
The delegation also expressed gratitude to the SBI officials for extending cooperation in providing details of the facilities for investors in the Special Economic Zone - Bin Qasim.
July 25, 2016
Chairperson Sindh Board of Investment (SBI), Ms. Naheed Memon called on British Deputy High Commissioner, Ms. Belinda Lewis at her office here on Monday. Ms. Naheed congratulated Ms. Belinda on assuming charge as the British Deputy High Commissioner.
They also discussed matter related to trade and business relations between the United Kingdom and Karachi - Sindh.Speaking on the occasion, Ms. Naheed said Pakistan and the UK relations are stronger and we intend to further strengthen these ties in different sectors between the two friendly countries.
She informed the British envoy regarding opportunities for the British educational institutes in the Education city in Karachi extended on nine thousands acres.
It will help the students of Pakistan to take benefits from expertise of British educationists and to get education at home from the internationally renowned British educational institutes, she added.
She said that the Sindh government also intends to get cooperation from the UK in Agriculture, infrastructure development, mining, energy and other sectors. Both of them also agreed to further promote the cooperation between Pakistan and UK in education, technology, agriculture and other sectors and called for the need to exchange
July 21, 2016
Internationally renowned Chinese company, Shandong Huiyang Group has shown keen interest to invest in Fisheries and different sectors of Sea food industry in Sindh.
A delegation of the Company led by its Chairman Mr.Wang Hong called on Chairperson, Sindh Board of Investment (SBI), Ms. Naheed Memon. The delegation was informed that there are vast investment opportunities in fish farming, shrimp farming, processing and other related sectors at the coastal belt of Sindh.
The members of the delegation told the Chairperson SBI that they have gathered the necessary details regarding investments opportunities in fisheries and progress is expected soon.
Ms. Naheed was told that the company wants to invest in Sindh and only one unit of the company will help create job for 4000 to 5000 local persons.
It was told that Chinese companies are interested to invest in Pakistan, in view of the Pakistan China Economic Corridor projects between Pakistan and China.
Director General SBI Tanveer Qureshi briefed the delegation regarding Sindh Special Economic Zones and other investment opportunities.
Director Admin SBI, Abrar Ahmed Sheikh and Chief Executive Officer Sindh Enterprises Development Fund, Mehboob-ul-haq also briefed the delegation about economy of Sindh in details.
July 01, 2016
Chairperson Sindh Investment Board (SBI), Ms. Naheed Memon discussed the matters related to the bilateral trade, business, investment and mutual interests in separate meetings with the ambassadors of Turkey and Italy and Director of World Bank.
The SBI Chief met with Ambassador of Turkey, Sadik Babur Girgin, Ambassador of Italy, Stefano Pontecorvo and World Bank Director, Patchamutho Illangovan at Islamabad, said the SBI spokesman in a statement issued here on Friday.
Talking to the Italian Envoy, the SBI chief held discussion about mutual cooperation between Italy and Pakistan in automobile, education, health and housing sectors. Ms. Naheed also requested the Italian Ambassador to extend invitation to the Italian Commerece Minister for visiting the Sindh province in his expected visit to Pakistan in next few months.
Later, in a separate meeting with the Director World Bank, she discussed the projects of mutual cooperation.
June 23, 2016
Chairperson, Sindh Board of Investment (SBI), Ms. Naheed Memon on Thursday said that the electricity-related problems of the industrialists, investors, traders and businessmen will be resolved on priority basis.
This she said while talking to a delegation of K-electric led by Director External Affairs K-electric, Asmer Naeem at the office of SBI in the Finance and Trade Centre (FTC), here.
She said the SBI can play a role as bridge between the K-electric and business and trade organizations so as to resolve their problems effectively.
The E-electric official assured his cooperation and said that his organization will develop liaison with the traders and industrialists organizations through the SBI and also directly.
June 15, 2016
Ms. Naheed Memon, Chairperson, Sindh Board of Investment has demanded to first provide all the utilities which are guaranteed under SEZ Act 2012 to the approved Special Economic Zones in Sindh before any new application of SEZ is considered keeping in view the shortage of gas and electricity resources.
It is pertinent to mention here that the utilities have not been provided to already approved SEZs in the province of Sindh since their approval in 2014. The three Special Economic Zones are Khairpur Special Economic Zone (KSEZ), Bin Qasim Industrial Park (BQIP) and Korangi Creek Industrial Park (KCIP).
Khairpur Special Economic Zone is being established at Khairpur alongside the Eastern Route of China – Pakistan Economic Corridor as a Value Addition Hub. It is being developed to provide state that of the Art Platform for Multiple Value Addition Industrial Units which will strengthen the economy, create jobs and reduce poverty in the North Sindh region. The development work on the overall infrastructure is almost 95% completed.
It is stated that the federal government, as a measure to boost exports from the country has passed Special Economic Zone Act 2012 to establish Special Economic Zones (SEZs) in different parts of the country. It is further stated that the potential investors have requested the gas availability to initiate the setting up of their establishments within the zone.
It may further be mentioned that the federal law (SEZ Act-2012) guarantees the provision of gas connection to the approved SEZ. In addition to this Article 158 of the Constitution of Islamic Republic of Pakistan provides a legal cover that the discovery of any Natural Resources must first benefit the area where the discovery has been made.
In view of the Article 158, District Khairpur in the province of Sindh produces 350 MMCFD, whereas the requirement of gas at KSEZ is only 3.5 MMCFD despite being very low requirement is not being extended which is a violation of the law.
It is mentioned here that the matter of Gas Connection has been raised many times with relevant federal ministries, Federal Ministry of Petroleum & Natural Resources and Board of Investment, Islamabad being the custodian of all SEZs have also been approached for the resolution of this matter but there has not been any positive step to provide the utilities.
In accordance to the following references, the any zone after being declared with SEZ Status is constitutionally eligible to get all the utility connections including Natural Gas:-
SEZ Act 2012: Article 27-(1)-(i) on Public Utilities and Transportation Links states, “unless provided otherwise in the development agreement, it shall be the responsibility of the Federal Government to ensure the provision of Gas, Electricity and other utilities at the designated Zero Point of each SEZ”
SEZ Rules 2013: Chapter VI (9) (14), Item No. 6 (Natural Gas) states “The Federal Government shall ensure the provision of gas supply with required gas pressure to meet fuel demand”.
It is mentioned that the 3rd meeting of Approval Committee was held in Islamabad on 9th June, 2016 under Board of Investment Pakistan. In this meeting, heads of Board of Investments of all Provinces and other key stakeholders were presented. The Chairman BOI Islamabad Mr. Miftah Ismail has approved the applications submitted by Punjab for three new SEZ despite objections and non endorsement of Sindh Government. The three SEZs submitted by Punjab are as follows
|1||Value Addition City||Faisalabad||225 Acres|
|2||Quaid Azam Apparel Park||Lahore||1536 Acres|
|3||Industrial City||Faisalabad||4356 Acres|
No gas is extended to already approved SEZs in Sindh due to limited resources. The available/ limited gas resources will be diverted to the above industrial Parks. The existing SEZs should first be supported fully by the federal government before any new SEZ is approved anywhere in Pakistan.
June 09, 2016
Chairperson Sindh Board of Investment, Ms. Naheed Memon has demanded to provide Electricity, Gas and other facilities to already approved in 2014, three Special Economic Zones which are situated in Khairpur, Bin Qasim and Konrangi and then new Special Economic Zones should be established. This she demanded in a meeting of Special Economic Zones Approval Committee held here today in Islamabad.
She said that having approved special Economic zones in Khairpur, Bin Qasim and Korangi Industrial Park in 2014, they must get legally all facilities but so far the Federal Government could not provide the required facilities to these zones.
She added ‘350 MM Cubic Feet’ Gas is produced daily in Khairpur but per day required only 3.5 MM Cubic Feet Gas is not provided to Khairpur Special Economic Zone and due to this situation, the investors are facing difficulties. The issue of Land, Electricity and non availability of other facilities are also prevailed in Korangi and Bin Qasim Special Economic Zones.
Chairperson Naheed Memon said that before giving approval of New Special Economic Zones in other Provinces, the already existing Three Special Economic Zones in Sindh to be provided all required facilities. It is to mention here that the meeting of Special Economic Zones Approval Committee was held in Islamabad under Board of Investment Pakistan. In this meeting, head of Board of Investments of all Provinces and Federal and other representative of concerned departments were also presented.
June 03, 2016
Chairperson Sindh Board of Investment (SBI), Ms. Naheed Memon on called for need of cooperation of United States in the fields of education, technology, agriculture and health. She said that the Sindh Government is pursuing the policy to take the women from the rural areas of Sindh on-board for the economic stability.
Ms. Naheed Memon expressed these views in her concluding remarks at the American Pakistan Business Opportunities Conference at New York. She said that the women of Pakistan are very talented as the Mohtarma Shaheed Benazir Bhutto, who was the first prime minister of the Muslim World, is a role model for the women of Pakistan.
We also have many success stories of women like Ms. Sharmeen Ubaid Chinnoy and Ms. Malala Yousufzai, who excelled in their field, she added.She said that many openings are available to further enhance trade and business activities between US and Pakistan and the government on the both sides are also positive in this regard.
There is a need to take maximum possible benefits from these openings by the business community of both the countries, she said.Ms. Naheed Memon said that we have to work on technology, education, agriculture, health, renewable energy and many other sectors.She pointed out that over 70 per cent mobile users in Pakistan, only 14 per cent use internet, which is very low, hence we need to increase investment in the sector.
She also called for need to introduce technology along with education to the rural women who are associated with the agriculture sector so that they may utilize technology for boost agriculture produce to play their role in the economic development.
May 30, 2016
Chairperson Sindh Board of Investment (SBI), Ms. Naheed Memon chaired a meeting of Pak-Japan Business Forum in her office at Finance and Trade Centre here on Tuesday.
High official of all big Japanese companies, Deputy Consul General of Japan, Yasuharu Shinto, Chairman Pak-Japan Business Forum, Mr. Sohail Pervez Ahmed and 28 other members of the Forum attended the meeting,said a statement.
Addressing the meeting, Member of the Forum said the Japanese investors have keen interest in investment in Sindh and there is need to create maximum possible conducive environment for them. They also called for resolving matters related to the taxes and duties.
They also called for improving infrastructure and provision of basic facilities to attract more Japanese investors. The chairperson SBI assured the participants to convey their suggestions and views to the authorities concerned.
May 27, 2016
Chairperson Sindh Board of Investment (SBI), Ms. Naheed Memon has said the Keti Bander should also be linked to China Pakistan Economic Corridor (CPEC), and the matter in this regard would also be communicated to the Federal Government.Besides Karachi Port and the Port Qasim, the Keti Bander should also be linked with CPEC, she added.
She expressed these views while talking to industrialists and traders in a meeting held to discuss matters related to the CPEC at New Sindh Secretariat here on Friday.
The meeting held detailed deliberations to get maximum possible benefits from the CPEC in Pakistan, particularly in Sindh.The objective of the meeting to get input of the investors on CPEC and communicate the policies and vision of the government to them and convey their views on CPEC to the Federal Government.Addressing the meeting, Ms. Naheed Memon also briefed the participants about the incentives being offered to the investors by the government of Sindh.
The participants suggested to link the projects of the development of education, housing, health, agriculture, infrastructure upgradation and other related sectors to the CPEC Project.
Former governor State Bank of Pakistan, Syed Saleem Raza, Executive Director Safdar Suhail, Chief Executive Officer Pakistan Business Council, Ehsan Malik, President Korangi Association of Trade and Industry, Zahid Saeed, Director (MBA) of IBA Dr. Nasir Afghan, representatives of F.B.Area Association of Trade and Industries, Port Qasim Association of Trade and Industries and noted industrialist were also present.
May 12, 2016
Malaysian Council General, Ismail Muhammad Bkri along with a delegation of officials and investors visited on Sindh Board of Investment (SBI) here on Thursday.
Trade Councillor, Mazlan Harun, Director Malaysian Tourism Promotion, Muhammad Talib Ibrahim and others were members of the delegation.
Director Administration SBI, Abrar Ahmed Sheikh and Director Special Project SBI, Abdul Azeem Uqaili briefed the Malaysian delegation about potential investment projects.They told that the Sindh government has established three special economic zones at Khairpur, Bin Qasim and Korangi.
They said investment opportunities are also available in Sindh in the energy and agriculture sectors as well as in tourism and Halal Meat certification.They said the projects like Gorakh hill station and Keenjhar Lake.Thatta can also be utilized by investors under public private partnership.
The members of the delegation obtained complete details of investments opportunities from the SBI officials and observed that the Sindh province is attractive for investors and the trade relations between Pakistan and Malaysia will further be strengthened.
May 3, 2016
Chinese Companies have shown keen interest in establishing agriculture research centres and nurseries to conduct research on drip irrigation system as well as crops in accordance with weather and land in desert areas. The Chinese companies has shown interest to set up nurseries and research centres in districts Tharparkar, Nawabshah and Khairpur.
This was said in a meeting Chinese delegation with the chairperson Sindh Board of Investment (SBI), Ms. Naheed Memon, which called on her here on Tuesday. The delegation was comprised Secretary Communist Party of Chinese province xin jiang's city Shihezi and Vice
Mayor, Xu Zhi Xin and Chairman Xinjiang Tianye group of companies, Wu Bin. Chief Executive Officer (CEO), Sindh Enterprises Development Fund (SEDF), Mehboob-ul-haq, Director SBI Special Projects, Abdul Azeem Uqili and other notables were also present.
The members of the delegation told the chairperson SBI that the Chinese firms are interested to invest in number of projects in various sectors are being jointly executed including in value addition for agricultural development, use of technology for preservation of water, investment in power generation and introduction of modern methods in live stock sector.
Ms. Naheed Memon appreciated the delegation for taking interest in programs and projects and assured all possible cooperation on behalf of Sindh Government. It was also told that the delegation will visit Tharparkar, Nawabshah and Khairpur and talk to local administrations regarding investment opportunities.
April 29, 2016
A Chinese company `TEBA’ has expressed keen interest to work on solar and wind energy projects operating these projects through all-in-one modern Hybrid Storage and Distribution system in Sindh.
These views were expressed by a delegation of Chinese company `TEBA’ while talking to Chairperson Sindh Board of Investment, Ms. Naheed Memon. The delegation led by Director International Business Department TEBA, Hou Peng called on the chairperson SBI at her office in the Finance and Trade Centre here on Friday, said the spokesperson SBI.
Hou Peng said Sindh is a very suitable province for wind and solar energy projects, therefore, his company wants to invest in wind and solar energy generation projects. He told the chairperson SBI that his company has already been working on a project of solar power in Quaid-e-Qzam Park in the Punjab province. Talking to the delegation, Ms. Naheed Memon said that the Government of Sindh is encouraging the projects of renewable energy and environment-friendly because the wind and solar power projects are environment-friendly, thus the government intends to extend all possible cooperation for such projects.
The chairperson SBI briefed the Chinese delegation regarding attractive incentives and policies offered by the Sindh government for the investors. She also on behalf of the Sindh Government appreciated the programs of the company for investment in power generation and extend full cooperation in this regard.
April 25, 2016
The Chairperson, Sindh Board of Investment (SBI) Naheed Memon has said that the Sindh government has got a revolutionary step by establishing Sindh Enterprise Development Fund (SEDF) to promote the agriculture sector.
This she said on Monday while addressing an Agri-Business seminar organized at auditorium of Sukkur IBA. Ms. Naheed Memon appraising the combined effort of Sukkur IBA and Agriculture University of Faisalabad (AUF) for starting a joint degree program said, it will be of great helpful for removing the gap between the two departments. She said, Sindh government has established Sindh Enterprise Development fund for the development of agriculture sector and the farmers’ community, which will produce farming community loans on a low markup with easy installments. Ms. Naheed Memon said, it is essential to develop our agriculture sector according to the market necessities and time to time international changes. For this, we will have to focus on world standard research and the future planning, and all the stake holders are required to play their mutual role in this connection, she added. However, Chairperson SBI, Ms Naheed Memon suggested the administration of Sukkur IBA to introduce vocational training programs for farmers based on duration of six to eight months to acknowledge them about world standard modern technology. Addressing the seminar, Vice Chancellor of Agriculture University of Faisalabad, Prof. Dr. Iqrar Ahmad Khan said that the present irrigation system has become now useless resulting in the wastage of water; hence, planning is needed in this connection. On this occasion, VC, AUF informed that the Punjab government has given a two-year package of rupees one hundred billion to promote the agriculture sector in the province. For the development of agriculture sector, he said it is important to initiate the comprehensive mechanism before and after cultivation of all crops.
Commissioner Sukkur Division Mohammad Abbas Baloch said that the Sindh government has also taken another revolutionary step for the promotion of the agriculture sector by establishing Khairpur Special Economic Zone (KSEZ). With the establishment of KSEZ, growers not only belonging to Sukkur region but also throughout the province will get its benefits and employment opportunities will also create, he added. Commissioner Sukkur informed that during the current season of the dates’ crop, two cold storage units at KSEZ will start work, due to which, packaging and store keeping of dates would be made on world standards. Other industries will also start work at KSEZ, he added. He demanded from the federal government to release funds for the announced scheme of Sukkur Dry Port, which at present is the necessity of the region. Managing Director, Sindh Enterprise Development Fund, Mehboob-ul-Haq announced that a modern seed laboratory to introduce tissue culture and new crop commodities in agriculture sector will be established next year. Director Sukkur IBA, Nisar Ahmad Siddiqui said, that the agriculture of Sindh province has not made development because of the illiteracy.
April 22, 2016
The chairperson of the Sindh Investment Board (SBI) who is on a visit to Germany has signed a Memorandum of Understanding (MoU) with a consortium of European companies in Munich for production of 1000 Megawatt renewable energy.
An official of SBI said here on Monday that the companies were M/s Green Quest Solutions UK and M/s Alka Power Holding Netherlands. It was pointed out that the companies would generate energy through solar, wind and hydro power. On this occasion, Mr. Bobby Wahi, Chairman Green Quest Solutions, Mrs. Ra’ana Azhar Syed, Chairperson M/s Alka power holding, Mr. Saleem Johar, Ambassador of Pakistan in Germany, Mr. Muhammad Waseem, Additional chief Secretary, Planning & Development Sindh, Mr. Sohail Rajput, Finance Secretary Sindh, Agha Wasif Abbas, Secretary Energy and Mr. Abrar Ahmed Shaikh, Director SBI were also present. Earlier, the SBI delegation led by its chairperson, Naheed Memon, attended a conference in Munich organized by the state government of Bavaria.
The moot was also attended by the Pakistani businessmen, members of the delegation and the German officials. Naheed Memon gave a detailed briefing at the conference regarding the prospects of investment in the energy sector in the country especially in the province of Sindh and in particular in Karachi.
April 22, 2016
Sindh Board Investment - SBI's delegation led by its Chairperson, Naheed Memon, visited the officeand plant of `AUDI' a famous German Automobile Company in the city Inglostadt of Germany.
The delegation discussed exchange of expertise of German company with Pakistan in manufacturing of environment friendly vehicles including motorcycles. The members of the delegation were informed that the AUDI has its manufacturing plants in number of countries around the world.
Ms. Naheed Memon appreciated the standard and technical advancement of the company. She said that the Sindh government is providing all available facilities for public private partnership and cooperation to bring investment in the field of training, manufacturing and marketing in automobile sector.
Four special economic zones have been established in Sindh for the purpose while the Sindh Enterprises Development Fund are extending attractions for new investors, she added. Additional Chief Secretary, Planning and Development Sindh,Muhammad Waseem, Finance Secretary, Sohail Rajput, Secretary Energy,Agha Wasif Abbas, Director, SBI, Abrar Shaikh and other member of the delegation besides officers of the Ministry of Economic Cooperation and development Germany were also present on the occasion.
April 21, 2016
A delegation of Sindh Government visiting Germany nowadays headed by Chairperson Sindh Board of Investment (SBI) Ms.Naheed Memon visited German foreign office and Ministry of Economic Cooperation and Development in Berlin.
On this occasion Director General Ministry of Economic Cooperation and Development Mr. Andreas Gies exchanged views and agreed upon to extend Cooperation in the sectors of renewable energy resources and how to cope with climatic changes. DG Andreas Gies said that his Ministry was ready to cooperate and exchange technical, financial and professional expertise with Pakistan in disaster handling measurements, Urban Planning and how to save from the problems produced by climatic changes. He also showed his keen interest of investment in the development of energy infrastructure, transport ,agriculture , health ,education ,textile and other financial activities and meanwhile to cooperate to fulfill the needs of Thar coal electricity project , Thatta Jamshoro wind Corridor project and how to generate energy through solid waste.
In the meeting it was also decided that an international investment conference would be held in Karachi to explore new vistas of investment in Sindh. Chairperson SBI Ms Naheed Memon invited DG Andreas Gies to visit Karachi in his forth coming visit to Islamabad in next Month. So that the process of mutual cooperation might be accelerated. Addl Chief secretary planning and development Sindh Mr.Muhammad Waseem, finance Secretary Mr.Sohail Rajput , Secretary energy Mr. Agha Wasif Abbas ,Director SBI Abrar Shaikh and other member of the delegation besides officers of the Ministry of economic cooperation and Development Germany also attended the meeting.
April 19, 2016
Chairperson Sindh Board of Investment(SBI), Ms. Naheed Memon along with a delegation of Sindh Government visited the head office of the famous German company SIEMENS in Berlin Germany
Chairperson SBI, Ms. Naheed Memon and Managing Director SIEMENS Helmut Von Struve signed a memorandum of understanding (MoU), said a statement issued here on Tuesday.
The MoU envisaged mutual cooperation in upgradation, modernization, maintenance, distribution and smart grid system development as well as further strengthening of infrastructure. Earlier, the members of Deutscher Industrie und handelskammertag, (DIHK), the Association of German Chambers of Commerce and Industry, have shown keen interest to invest in Sindh. They expressed their interest during a meeting with the Chairperson Sindh Board of Investment (SBI), Ms. Naheed Memon at the office of DIHK Berlin, Germany.
Ms. Naheed Memon briefed the DIHK members about investment opportunities, incentives and facilities offered to the investors in Sindh. Ms. Naheed Memon told the DIHK members that excellent investment opportunities are available in energy, agriculture, education, health, solid waste management and transport sectors in Sindh. The SBI delegation was informed that the DIHK is an association comprising over three million registered companies.
April 18, 2016
A delegation of Sindh Government led by chairperson Sindh Board of investment (SBI) Ms Naheed Memon arrived in Germany last night. Additional Chief Secretary P&D Sindh Muhammad Waseem ,Finance Secretary Sindh Sohail Rajput , Secretary Energy Sindh Agha Wasif Abbas , Director SBI Abrar Ahmed Shaikh and CEO Sindh Engro Coal Mining Company Shamsuddin Shaikh are in the delegation.
The delegation discussed regarding exploration of coal mines and gas reservoirs in Sindh and to produce the electricity with the help of coal with the head of Coal of German Company e.on /uniper, Mr.Carlos Sacristan and Director Coal and freight Mr.Gustavo farnandez here in city Dusseldorf in Germany .It was also discussed in the meeting that Sindh Government wanted to work with the said company and to utilize its experience for the purpose of investments in public private partnership sector. On this occasion Mr.Carlos Sacristan showed his keen interest in the projects regarding the producing electricity through coal in Sindh and said that their company had a vast experience in the exploration of oil and gas.
The delegation of Sindh Government also visited the head office of German Company RWE, where the delegation was briefed and informed that RWE was working with Sindh Government and Sindh Engro Coal Mining Company in Thar Coal Power Plant and Mining Project in Block 2, adding that the company wanted to increase the volume of their work and to collaborate with their experience ,expertise and technology in Thar coal power plant and the other projects as well.
Chairperson Sindh Board of Investment assured the company regarding provision of all facilities for investment in Sindh and said that the Sindh Government was giving valuable incentives to the international companies for investment in Sindh in energy and other sectors.
December 18, 2015
Three (03) Memorandum of Understanding (MoU) were signed between Sindh Board of Investment, Government of Sindh and Chinese Investor Organizations in a simple ceremony held at Chief Minister House, Karachi today. The Chief Minister Sindh Syed Qaim Ali Shah, Consul General of China Ma Yaou , ACS (P&D) Sindh Aijaz Ali Khan, Principal Secretary to C.M Sindh Alumuddin Bullo, Secretary I.T Sindh, Secretary, Industries Sindh, Chairman Sindh Board of Investment Sindh Asif A Brohi, Director General Sindh Board of Investment Dr. Wang Li, and others Chinese delegates attended and witnessed the Ceremony. Under the 1st MoU signed between Sindh Board of Investment, Government of Sindh with Deheng Law Office / China International Chamber of Commerce for Private Sector, the Sindh Government has to provide 2000 Acres of Land at Dehabeji, Thatta in phases to establish “China Special Economic Zone” . During 1st phase 250 Acres of Land will be made available, wherein Chinese Companies to establish various industries in different clusters as per Master Planning for Domestic Market and Export the product to other Regional Market. However Sindh Govt will remain owner of this allotted land as revealed in MoU.
The 2nd MoU was signed between Sindh Board of Investment (SBI) and Chinese Academy of Special Science Research and Development International. This MoU was aimed to formulate Industrial clusters and Standard Technology connection services along with China-Pakistan Economic Corridor / Rout in the Sindh Province. This will be related to standard technical exchange and skill development by the Chinese Companies.
The 3rd MoU was signed between Sindh Board of Investment (SBI) and Software and Integrated Circuie Promotion Centre, China was aimed to establish Information Technology (I.T) City in Sindh province near Nooriabad with most advanced Research based Technology and equipment in the world. The Director General Sindh Board of Investment, Mr. Iftikhar Shallwani and Dr. Wangli, Director Law Office, Vice Chairman of China International Chamber of Commerce Private Sector, Dr. Zhao Baige, Chairman of Advisory Committee of China Academy of Social Science Research and Development International and Mr. Zhu Xiaogin, Senior Consultant of Software and Integrated Circuit Promotion Centre called as (CSIP)-PRC signed the MoU on behalf of their organizations.
The Sindh Government has to provide required land and extend necessary facilities for implementation on the MoU. The Chinese firm has to identify the potential and carry out detail plan regarding formation of industrial clusters, Technical Exchange and Skill Development to establish industries and I.T City. These MoU will bring billion of rupees investment in addition to job opportunities and economic prosperity said Chief Minister Sindh Syed Qaim Ali Shah while talking during the ceremony. He said that Sindh Govt have other investment options including PPP mode investment and other untapped resources to exploit. He said China-Pakistan are time tested friends since long and we want to get more investment from China. He said that the establishment IT City will be proved as instrumental source to the organization of public sector and it will yield much better result.
The Senator Saleem Mandiwala while addressing the ceremony said that Pak-China have deep relations. He said that establishment of China-Pak Economic Corridor and development of Guwadar Sea Port with Chinese contribution / input, were the examples of Pak-China in this regard.
Dr. Wang Li Director Deheng law officer said that we are planning to transfer new technology to Pakistan. She said that we to develop IT city and encourage young people to work and get skill in this sector. She said that though today expertise of different fields were with me( her) here but she want to bring more Chinese companies here in Sindh as Sindh has good potential of investment, especially in the Agriculture Sector. The Director General Sindh Board of Investment Iftikhar Shalwani in his brief speech highlighted on all three MoUs and its importance.
December 14, 2015
Chairman, Sindh Board of Investment, Dr. Asif A. Brohi has said that the Sindh Government had been trying to provide uninterrupted energy to the National and Foreign investors, adding that Sindh has a natural wind corridor with high wind speed for power generation which would be a main source of alternate energy for investors. This he said while holding a meeting with Zahid Majeed, Managing Director, German Wind Turbine Company NORDEX.
Mr. Brohi said that the need of the time was that we should harness our indigenous resources to cope with the energy crises in the country. He further stated that serious efforts were underway for contain energy crisis in Pakistan through multiple measures. The investors have been offered huge benefits for investing in the Thar Coalfields with 20 percent dollar based guaranteed rate of return with a 30 year tax holiday. He further elaborated that SBI was working closely with private sector to examine interventions for the energy, infrastructure and Urban Development Sectors
On the occasion, Zahid Majeed informed that NORDEX had already provided the turbines and installed 3 wind farm of 50 MW each in Jhimpir, Thatta. Currently 02 wind farm was installed in collaboration with Gul Ahmed and 01 was installed by Younis Energy Limited. He further informed that under the brand name, Nordex we offer powerful wind turbines for almost all geographic regions across the globe.
Later on, Director General, SBI, Iftikhar Ali Shallwani, informed that investors could earn maximum profits to install wind turbine in one of the best Wind Corridor of the world which is located in Sindh. He further elaborated the government of Sindh had provided one window operation regarding land allotment and other related facilities for the interested investors. He informed that SBI would hold an International Business Round of Negotiations in March 2016, which will feature key energy projects.
December 09, 2015
Dr. Asif A. Brohi, Chairman, Sindh Board of Investment (SBI) has said that Government of Sindh has taken every possible step to facilitate international as well as local investors in improving Ease of Doing Business climate in Sindh. The Government of Sindh has constituted the Working Group, which is headed by Chief Secretary Sindh on Ease of Doing Business in Sindh on three business indicators. This he said while holing a meeting with World Bank Group team lead by Ms. Carolin Geginat, Senior Economist, Doing Business at his SBI Office in Karachi.
On this occasion, Iftikhar Ali Shallwani, Director General SBI informed the participants that the templates/formats for Reform Action Plan on Ease of Doing Business developed by Government of Sindh in consultation with Implementation Economic Reform Unit (IERU), Finance Division, Islamabad and World Bank have already been shared with stakeholders. The Sindh government has been working on high priority on three key indicators which are dealing with the Construction Permits, Paying Taxes and Registration of commercial Property to facilitate investors. The Director General SBI has also recommends that in next year data collection survey practitioners / experts from public sector may also be involved under each of these three Doing Business indicators.
Earlier, Ms. Carolin Geginat, Senior Economist, Doing Business and Ms. Maria-Magdalena Chiquier have given the detailed presentation on 2016 report by the World Bank on Ease of Doing Business indicators signifying the prospects of economy of other countries. They had also shown the comparison of Pakistan with other developing countries in related to Ease of Doing Business.
December 07, 2015
Chairman Sindh Board of Investment, Dr. Asif A. Brohi, has said that Sindh had huge amount of marbles and granite reserves, and the Government of Sindh has established “Sindh Stone Development Company” which has developed a State of the Art Marble City Industrial Enclave on 300 Acres to promote the marble and granite sector in Sindh. The Marble City project has tremendous investment and growth potential for entrepreneurs being based on cutting edge stone technology, innovation and services. The concept is based on cutting edge stone technology and custom facilities to create largest and most technologically advanced industrial park for Dimension Stone (Marble & Granite) in Karachi. It would create more than 15000 jobs opportunities. A total of 170 small marble processing units along with training centre, warehouse, common facilities would also be established in the Marble City. He further informed that marble City Project would be executed under the SEZs Act 2012. This he said today while talking to the Italian Ambassador to Pakistan H.E. Mr. Stefans Pontecorvo, in his SBI office.
On this occasion H.E Ambassador informed that Italian investors were keen interested to invest and trade in Pakistan especially in Sindh. He also informed that Italian investors have shown their interest to invest for value addition in Textile, Agro Technology, Agri Business, Dairy Farming, Milk Production, and other sectors.
Later on, Director General Sindh Board of Investment Iftikhar Ali Shallwani, informed that three days International Business Round of Negotiations would be held in March 2016. This conference will showcase the investment prospects exist in different sectors of Sindh. He requested the Ambassador of Italy to invite the Italian business man and investor to attend the event.
December 03, 2015
Chairman Sindh Board of Investment (SBI) Dr. Asif A. Brohi said that Sindh Government is looking forward to enhance the bilateral trade between Pakistan and Belarus for which Sindh Government has signed a MoU with Gomel region for production of tractors and want to increase the foreign investment in other related industries in Sindh Province. Sindh Government has desire that investors from Belarus could invest in agriculture, livestock, alternate energy and other sectors in Sindh. This he said while talking with Ambassador of Belarus to Pakistan H.E. Mr. Andrei Ermolovish at SBI Office in Karachi.
On the occasion Andrei Ermolovish informed that Belarus investors would like to establish a plant for production of 150 Horse power tractors in Karachi and also like to invest in other sectors in Sindh Province. He also informed that National Bank of Belarus and Belarus Bank are also planning to open their branches in Sindh and in this regard serious talks are going on at the highest level of both countries. He further informed that due to geographic location of Belarus, Pakistan may be used it as transit platform for European countries. He elaborated that tyre of different ranges especially redial tyre are also producing in Belarus and many Pakistani companies are shown their interest in importing the redial tyre from Belarus.
Earlier, Iftikhar Ali Shallwani, Director General, SBI, gave a detailed presentation about all the projects and facilities providing by SBI to the investors. He elaborated that under Special Economic Zone Act, investors would enjoy 10 years tax holiday and one time exemption of duties on importing machineries. He further said that there are number of sectors in Sindh where huge possibilities and potentials of investment are available. He informed that Sindh Government has also providing additional facilities to investors under Public Private Partnership Act. Iftikhar Ali Shallwani also informed H.E. Mr. Andrei Ermolovish that Sindh Board of Investment will organized International Business Round off Negotiations from 14-16 March 2016 in Karachi. He extends the invitation to the Belarusian investor to participate in the event. Honorary Consul General of Belarus in Karachi Abdul Rauf Tabani was also present in the meeting.
November 26, 2015
Chairman Sindh Board of Investment Dr. Asif A. Brohi said that interest of German Investors in textile sector of Pakistan would help to further boost up the industry in Pakistan. This he said while meeting with the German delegation from M/s C.MELCHERS GMBH & CO.KG headed by Dirk Saenger, Managing Partner, who have visited Sindh Board of Investment.
Mr. Dirk Saenger informed that M/s C.MELCHERS GMBH & CO.KG is a global company with a wide range of services and with trading knowhow in diverse areas of business, having network of more than 50 subsidiaries in Germany and abroad, which makes us a powerful, dependable partner. Our experts are there to support at local level, ensuring the successful implementation of specific requirements. He further briefed that the company look forward to help in value addition of textile sector of Pakistan. We are also providing knowledge about the German technology and soft skills to local labour. He also appreciated the role of SBI in supporting foreign investors in Pakistan as one window facilitator.
Earlier, Iftikhar Ali Shallwani, Director General, SBI, gave a detailed presentation about all the projects and facilities providing by SBI to the investors. He elaborated that under Special Economic Zone Act, investors would enjoy 10 years tax holiday and one time exemption of duties on importing machineries. He further said that there are number of sectors in Sindh where huge possibilities and potentials of investment are available.
On the occasion, Mr. Armin Gesse, Head of Hamburg office and Mr. Mohammad Saifullah Al-Tarek, Country Manager for Pakistan liaison office and other officers of SBI were also present in the meeting.
November 25, 2015
A German delegation from M/s C.MELCHERS GMBH & CO.KG visited Sindh Board of Investment to discuss their long term business expansion plan in Pakistan. The meeting was chaired by Chairman SBI, Mr. Asif A. Brohi and co-chaired by the Director General, SBI, Mr. Iftikhar Ali shallwani. The German delegation comprised of Mr.Dirk Saenger, Group Managing Director, Mr. Armin Gesse, Head of Hamburg office and Mr. Mohammad Saifullah Al Tarek, Country Manager for Pakistan liaison office.
Mr.Dirk informed the chair that M/s C.MELCHERS GMBH & CO.KG is a global company with a wide range of services and with trading knowhow in diverse areas of business having network of more than 50 subsidiaries in Germany and abroad makes us a powerful, dependable partner. Our experienced experts are there to support at local level, ensuring the successful implementation of specific requirements. He further briefed that the company initially is looking forward to help in value addition of Textile sector of Pakistan, and wide range of other businesses from import &export of goods up to providing soft skills to local labour force and hence showed keen interest in a number of other projects as well.
The chair gave a warm welcome to the German counterpart and appreciated their strong business ambitions here in Pakistan. Mr. iftikhar Ali Shallwani, Director General, SBI, gave a detailed presentation of all the projects and facilities SBI is providing to the investors specifically the grant of tax holiday of 10 years for the investors in SEZ’s, he offered a number of sectors where there is a huge possibility and potential of investment and also assured to extend full fledge support to the German Company for setting up business in Pakistan. The German delegation appreciated the role of SBI in supporting foreign investors in Pakistan as one window facilitator and soothing the investment climate in Pakistan which is indeed a remarkable job.
November 20, 2015
Chief Minister Sindh, Syed Qaim Ali Shah alongwith Senior Sindh Minister for Finance Syed Murad Ali Shah, Sindh Minister for Industries Muhammad Ali Malkani, Senator Saleem Mandvi wala, Consul General China Ma yaou, Chief Secretary Sindh Muhammad Siddique Memon, Chairman Sindh Board of Investment Dr. Asif A. Brohi and other dignitaries witnessed the signing ceremony of MoU between Sindh Government and Sinohydro Corporation Limited and Deer International Group Limited in a simple but impressed ceremony held at Chief Minister House, Karachi today to get another chunk of $ 250 million as fresh investment in the province.
The Director General, Sindh Board of Investment Iftikhar Ali Shallwani and Chairman / Chief Executive Deer International Group Limited Mr. He Ying signed the MoU on behalf of their organizations. The silent features of the MoU further revealed that the Sinohydro Corporation Limited in collaboration with Deer International Group to establish Cement Plants with new cement technology of zero percent pollution and low energy consumption, in Sindh Province which will bring Foreign Direct Investment (FDI) of USD 250 million and create 2500 new job opportunities to localities and also generate tax revenue of Rs. 3 billion per annum and also greatly improve peripheral economic investment and offer top quality and cheaper cements to fulfill the demand of infrastructure projects generally and project under china economic corridor, especially in the province. Talking at the MoU Signing Ceremony, the Chief Minister Sindh assured the company for full co-operation for establishment of cement plant in Sindh which according to him was the needed to the province. he invited management of the company also to invest in potential investment in two important sectors i.e Water & Energy sectors in the province. He said that since Sinohydro Corporation limited was world largest water conservancy and Hydro Power Construction Company, it can efficiently exploit the indigenous resources available at Sindh for benefit of both side. He said that we are facing deficiencies in these sector which was the main hurdle in the four development. He said that instead of having been Agro-based the Sindh was also rich in natural resources including Gas, Coal reserves, Wind Corridor where the opportunities of the potential investment were available. He said that we will welcome full investment and even we can be partner with investing organization under the PPP mode of investment.
The Chairman Standing Committee Finance for Senate Senator Saleem Mandiwala while speaking at ceremony said that it is milestone achieved by Sindh Govt. he said that this is the 1st phase and it to go ahead and in 2nd phase of investment, this company to enhance its investment up US$ 750 million. He said many more companies were in the way to invest in Pakistan / Sindh Province.
The Chairman of the Deer International Group Limited (DIGL) said that DIGL is a Chinese firm listed in the NASDAQ of USA seeks to invest in the manufacturing sector of Pakistan. Deer has grown as the biggest manufacturer of the blender of the world, products of the Deer are being sold to more than 80 countries. He said that the establishment of Cement Plants in Pakistan will be more important because of implementation on the China-Pakistan Economic Corridor in the Pakistan / Sindh Province. Dr. Asif A. Brohi, Chairman, Sindh Board of Investment, (SBI) talking on the occasion briefed that Sinohydro Corporation Limited is a world’s largest water conservancy and hydro power construction company ranked on 23rd on ENR Top 250 national contractors, their core business cover water, infrastructure, power and communication work and their annual turnover is about USD 5 Billion and they have been investing in Pakistan since 1987. The Additional Chief Secretary Aijaz Ali Khan, Senior Member Board of Revenue Muhammad Waseem, Secretary to C.M Sindh Allam uddin Bullo, Secretary Finance Sohail Rajput, Secretary Industries Ms. Shazia, and other officers of Sindh Government and Representatives from Chineses including Wang Zhihua, Economic and Commercial Counsellor, Yang Haito, Counsellor Attache, Consulate of Peoples Republic of China, Karachi, Zhang Wei, Vice President, Bank of China, Dubai Branch, He Ying, Chairman, Deer International Group Limited, Liu Zhong, Chief Representative, Sun Jinhui, Chief Contract Expert, Zhang Ping, General Manager Karachi of Sinohydro Corporation Limited in Pakistan were also present on the occasion.
November 19, 2015
A review meeting took place on the project of Khairpur special economic zone, the meeting was chaired by Mr. Iftikhar Ali Shallwani, Director General, Sindh Board of Investment, Government of Sindh. The chair was given complete introduction of the project.and all the 8 packages were discussed in the meeting. The Khairpur Special Economic Zone (KSEZ) has been guaranteed the SEZ status earlier this year. The investment at this zone is now guaranteed with the benefits that are offered under the SEZ ACT 2012. The main fiscal benefits under the act are one time exemption on machinery and equipment and also 10 year income tax holiday for both the developer as well as the zone enterprises within the zone.
Mr.Shallwani discussed the financial clauses, all infrastructure, utilities and facilities development taken place so far, He appreciated the on ground progress of the project & further emphasized on devising strong marketing strategy to generate awareness among the investors both local and international about the untapped potential of the project.Mr shallwani said that the future prospect of the project is vibrant and bright and with sensitized efforts maximum benefits can be achieved. Among the participants were Rtd Capt Anwar, Mr Nazir Nagaria, Head of Marketing NIP,Mr Hafiz Hamid Ahmed,Senior Manager Electrical & Mr. Abdul Azeem Uqaili, Director Projects,SBI,Government of Sindh.
November 10, 2015
Pakistan and Belarus Prime Ministers met in a meeting held at the PM House and mutually agreed on strengthening ties at governmental and people’s levels for mutual benefit of countries. They signed some 18 agreements, memorandum of understanding and protocols under the programme titled ‘Roadmap for fast-track and middle-track economic cooperation between Pakistan and Belarus. Both the countries focused to devise strategy for future economic roadmap, Cooperation in agriculture, industrial relations, infrastructure development focused.
The two sides discussed a whole range of issues including cooperation in defence and defence production, counter terrorism and narcotics control. The need of collaboration in education, culture and people to people linkages also came under discussion. Later, the two Prime Ministers chaired the delegation level meeting and emphasised on the follow up of the Memorandum of Understanding signed in the recent months.
The Government of Sindh signed two MoUs on trade-economic, scientific-technical and cultural-humanitarian collaboration with Gomel Regional Executive Committee, Belarus and the Regional Executive Committee of Grodno, Belarus. The respective documents were signed by Chief Secretary, Sindh Siddique Memon, Deputy Chairman of Gomel Regional Executive Committee A Pirshtouk and Deputy Chairman of Grodno Regional Executive Committee Y Shuleiko. The MoU ICCI and Minsk Chamber was inked by President ICCI Atif Ikram Sheikh and Chairman MCCI M Miatlikov.
November 07, 2015
The recently held Pakistan Investment Conference in Islamabad has produced more statements than investment. In fact, such affairs have seldom yielded more than a chance to adjust the optics.
The chairman of the Board of Investment, Mr. Miftah Ismael, made a list of investments that may come to Pakistan following the conference. However, the list is either unimpressive or it has entries that had been in the pipeline long before the conference. Still, the latter has been a useful forum to address foreign investors who have been shying away from Pakistan for a number of years now.
And some of the statements made by the government leadership deserve to be noted. Chief amongst these is Prime Minister Nawaz Sharif’s assurance to the assembled delegates that Pakistan possesses strong drivers of future economic growth, and has the commitment at the top to remain a “democratic and liberal” country.
The drivers of future growth, according to him, are the CPEC projects, as well as the government’s own initiatives in the energy sector, spanning LNG, solar, wind and coal. For his part, the finance minister used the opportunity to advance a political priority, telling the assembled delegates that an economic reform programme needs to be owned by all political parties and economic policy should not be politicised.
Meanwhile, the prime minister’s story has compelling aspects, because it is difficult to discount the importance of the large stakes that China is acquiring in Pakistan. With such a strong hand to back it up, Pakistan’s prospects of weathering any storm in the global economy are good. But investors will look at more than just the stakes being acquired by a foreign partner.
They may also want to know how this growing partnership is expected to change the landscape for investment in the country.Telling this gathering that economic policy should not be politicised may have been misplaced, because that is an internal political matter for Pakistan, and whereas most delegates would likely agree with the proposition, they would also concur that parliament is a better place to say this.
Events such as the investment conference serve as valuable forums to advance the country’s story, which is an essential ingredient for building investor confidence. It is equally important, however, for the story to ring true with the audience. That will be the big test for the assurances given by Mr Sharif. Follow-up actions can prove useful in the attempt.
June 09, 2015
H. E Ms. Charmaine Hidayatullah, Honorary Consul General, Monaco in Karachi called on Dr. Asif A. Brohi, Chairman Sindh Board of Investment at his office, Karachi.
H.E. Ms. Charmaine Hidayatullah extends her full support in investments in Sindh by Monaco. She said Monaco Government is looking forward to be a part of Projects in Sindh and there is a huge investment potential particularly in granite and other stones found in Sindh. The positive initiatives in terms of business and trade by the Sindh Government are ever welcoming to Monaco Consulate.
Dr. Asif A. Brohi, Chairman Sindh Board of Investment (SBI) said Sindh Government is looking forward for mutual cooperation with Monaco counterparts in different socio-economic uplifting projects especially in tourism, marble city and so forth.
Chairman SBI also invited Monaco Government to invest in the Marble City, one of the mega projects of Sindh Government. He said that we are also looking for collaboration between Monaco institutes with Pakistani counterparts in order to reach point of mutual understanding for better research and technical activities in Marble city, Karachi.
May 27, 2015
Director General, SBI Muhammad Riazuddin said that under the vision and guidance of Dr. Asif A. Borhi, Chairman Sindh Board of Investment, SBI is organizing 5th edition of Livestock Dairy Fisheries Agriculture Exhibition 2015 in collaboration with Agriculture and Livestock Department Government of Sindh. This he said while holding a press briefing at SBI office on Tuesday.
He said that LDFA 2015 is more focused to target corporate sector, technological solutions, growers/farmers, investors, diplomatic missions, ambassadors etc. We assure our best dedicated efforts to make LDFA 2015 a memorable and commendable success.
We all are aware that that a large proportion of Pakistan’s and Sindh’s Economy is directly and indirectly linked with the agriculture sector. It provides 45% of employment to our labor force and contributes 21% in GDP of the country more recently as per the Economic Survey of Pakistan 2013-14. I want to reiterate the Government of Sindh’s resolve to promote and boost investment in agriculture and livestock sectors which are the back bone of Sindh’s agriculture based economy. Sindh produces a variety of field and horticultural crops. Major field crops are wheat, rice, sugarcane, and cotton; approximately 68% of the total cropped area is used for their production. The total output in Pakistan, Sindh produces 35% of the rice, 28% of sugarcane, 12% of wheat, and 20% of the cotton. Major horticulture crops are mangoes, bananas and chilies. Of the total output, Sindh produces 88% of chilies, 73% of bananas, and 34% of the mangoes. Sindh also has cultivable land under usage for fodder, pulses, condiments, oilseeds, fruits and vegetables. Rice is the leading kharif crop. Rice production offers an important source of employment and income in rural areas. In Sindh the IRRI type long grain heat tolerant tropical rice is grown. Rice is grown mostly on the west bank of the Indus. Extreme weather in the summer is perfectly suited to this type of rice. Cotton is the leading cash crop of Sindh. In fact, cotton cultivation in Sindh dates as far back as 5,000 years ago to the Indus Valley Civilization. It is also very important to note that the alternate crops like maize, pulses are also an important features of the agriculture economy of Sindh, and we have resolved to promote alternate crops. Pakistan livestock and dairy sector is the backbone of agrarian economy. Annual demand for milk is increasing by 10-20%, whereas the milk production is growing approximately 4% per annum only. Pakistan is 4th largest milk producing country in the World, however, the fact is that 40,000 tons of dry milk is being imported into Pakistan annually, equivalent to 320,000 tons of fresh liquid milk. Government of Sindh is committed to promote dairy sector not only for food security but also to improve value addition and value chain. Keeping in view the agriculture, livestock, dairy potential of Sindh, I would like to briefly elaborate the objectives of LDFA 2015; LDFA is a platform and an event to position Sindh as an economically viable province by identifying the areas/locations for investment in LDFA sectors. Taking into consideration the agriculture business promotion in Sindh the last four LDFAs cumulatively materialized business/commercial deals amounting to Rs. 1 billion and boosted up the agrarian economy of Sindh. This year, LDFA is expected to attract a lot more participants and visitors including diplomats, foreign and domestic businessmen and investors, banking and investment professionals, representatives of federal and provincial government ministries and departments. To realize the importance of LDFA 2015, let me mention here some keys facts about the companies, exhibitors participating in this year in the exhibition that are 24 exhibitors promoting exotic birds, 21 agriculture companies, 14 international companies and banks , 14 companies of Dairy and livestock , 9 companies in poultry and fisheries and 2 diplomatic missions. Besides, number of foreign investors, foreign companies, and international agriculture experts are expected to participate in LDFA 2015.
May 26, 2015
The Board of Investment, Islamabad has issued the notification of SEZ Status to Khairpur Special Economic Zone (KSEZ), Bin Qasim Industrial Park and Korangi Creek Industrial park on 4th May, 2015. The investments in these zones are now guaranteed with the benefits that are offered under the SEZ ACT 2012. The main fiscal benefits under the act are one time exemption on machinery and equipment and also 10 year income tax holiday for both the developer as well as the zone enterprises within the zone. It is worth mentioned here that Sindh is the only province which have three Industrial Zones with SEZ Status.
Subsequent to the zone approval, Special Economic Authority, Sindh has extended the approval to M/s Mid Coil Centre Private Limited become Pakistan’s First zone enterprise with SEZ Status. M/s. Mid Pakistan Coil Center (Private) Ltd. within Bin Qasim Industrial Park has been awarded the Zone Enterprise Status by Special Economic Zone Authority Sindh under the visionary leadership of Syed Qaim Ali Shah who is also the Chairman of SEZA Sindh.
MID Pakistan Coil Center (Private) Limited deals in steel slitting and shearing. It is a joint collaboration between Japanese Company M/s. Marubeni Itochu Steel Corporation and M/s Dawood Engineering (Pvt.) Ltd, a local manufacturer of automotive parts and components. The total project cost is 800 million rupees with an annual production capacity of 70,000 MID Pakistan Coil Center will provide high-caliber products and services through the processing of steel products, meeting the needs of local customers in the Automobile, Motorcycle, Electric Appliance and Building Materials fields.
It is hoped that with this status to more zone enterprises within the approved SEZ’s, the economic activity in the province will get a booster for more job creation, support poverty alleviation and uplift the socio economic conditions for people. The grant of zone enterprise status has been fully supported by Mr. Murad Ali Shah, Minister Finance, Dr. Asif Brohi, Vice Chairman SEZA Sindh.
March 25, 2015
The Consul General of Switzerland in Karachi, Mr. Emil Wyss, organized a working session with the delegation of the Sindh Board of Investment (SBI). During the discussion, the SBI presented overview of the various opportunities in the province for foreign investment. The Consul General highlighted that Swiss companies, the Small and Medium Size Enterprises (SME)s in particular, consider Pakistan an important market. And soon this year a trade delegation from Switzerland will visit to hold B2B meetings with potential local business partners.
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February 17, 2015
H.E. Mr. Francois DALL'ORSO, Consul General, France in Karachi called on Chairman Sindh Board of Investment Dr. Asif A. Brohi in his office at Karachi.
H.E. Mr. Francois DALL’ORSO extends his full support in the area where need is identify. H.E. said, French entrepreneur will provide technical expertise to local entrepreneur to equip dairy installations. H.E Mr. Francois apprised that in France lot of exhibitions are organized on different specialized sector.
The Consul General of France in Karachi, H.E. Mr. Francois DALL’ORSO said France Government is looking forward to be a part of Projects in Sindh and there is a huge investment potential. The positive initiatives in terms of business and trade by the Sindh Government are ever welcoming to French Consulate. H.E. Mr. Francois DALL’ORSO also offered their support in upgrading different sector in Pakistan.
Chairman Sindh Board of Investment Dr. Asif A. Brohi said Sindh Government is looking forward for mutual cooperation with French counterparts in different socio-economic uplifting projects specially agriculture, dairy, livestock, fisheries, Education, Agribusiness value addition, Aquaculture Farming and so forth. This he said while called on. The aim of this meeting is to highlight the existing potential of the province and to attract foreign direct Investment, we are expected to meet the identical sector specialist in France to discuss and promote quantum of trade between the two and mutually befitted the output.
Dr. Asif Brohi assured the H.E. Mr. Framcois DALL’ORSO 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.
Chairman SBI 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 also invited French Government to hold share in Karachi Education City, one of the mega projects of Sindh Government. He said that we are also looking for collaboration between French institutes and Agriculture University, Tando Jam in order to reach point of mutual understanding for better research and educational activities.
Ms. Naheed Memon, Member Board of Director, SBI elaborated that Sindh Province is looking forward for mutual cooperation with French counterparts in different sectors. She said we are trying to highlight the existing potential of the province and to attract foreign direct Investment. She expressed her interest that Sindh Board of Investment should be the member of France Pakistan Business Alliance (FPBA) for strengthening better bilateral relationship among B2B , B2G and G2G of both countries.
Director General, SBI Muhammad Riazuddin apprised on current projects of SBI, and proposed that French investors can invest in a versatile sector of fishery and participate in development of Korangi Fish Harbor, which has great profitable business.
February 9, 2015
Mr.Ahsan Ul Haq,Trade Commissioner, Trade Programme, High Commission of Canada, Islamabad called on a meeting with Dr. Asif A. Brohi, Chairman Sindh Board of Investment, today in his office. Chairman SBI deliberated upon the potential of Sindh province specially in Agriculture and alternate energy sectors like, hesaid, immense investment opportunities in hydral , solar , coal, wind, tidal energy and other sectors where foreign and local investors can tap the resources for mutual benefit.
Chairman SBI emphasized on investment potential of Sindh and invites Canadian community to come and collaborate with Sindh for increasing bilateral trade between both countries. He unleashed that 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 he explained that as of today bilateral trade between Pakistan and Canada is does not correspond to depth of relationship of both the countries.
Mr.Ahsan Ul Haq, said Canadian 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 Canadian 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, he added. Mr.Ahsan Ul Haq assured welcoming support to the Chairman SBI on behalf of Canadian Government for making visit fruitful for both countries.
On this occasion, Ms. Naheed Memon, Board member of SBI, Muhammad Riazuddin, Director General, SBI, Abrar Shaikh, Director Admin, SBI and Faisal Farooqi, Deputy Director (PRs), SBI were also present.
February 6, 2015
Ms. Lubna Pathan, Director General Projects Policy & Research, Punjab Board of Investment & Trade, visited today Sindh Board of Investment (SBI) in a called on meeting with Dr. Asif A. Brohi, Chairman Sindh Board of Investment.
In the meeting during general discussion, DG PBIT deliberated upon the activities, vision, different sectors of Investment and policies of PBIT. She unleashed that besides different sectors of investment, PBIT is doing focused work on the development and investment in the Agriculture and Livestock. Investment from Qatar, Afghanistan and Central Asian countries is the main focus of PBIT and currently PBIT is focusing on Canadian market. In addition to this she proposed that SBI and PBIT may engage positively in different areas of mutual interest and sharing of information. She was of the view that in future both offices may chalk out mutual promotional activities for the promotion of investment in Pakistan like business conferences, road shows and seminars at the local and foreign levels.
Dr. Asif A. Brohi, Chairman SBI appreciated the vision and efforts of PBIT for the promotion of investment related activities in the Punjab. He supported the proposal of Ms.Lubna Pathan for the mutual activities related to marketing & promotion of investment in various sectors locally, as well as, abroad and reiterated the joint efforts in the Agriculture sector for its value addition and value chain to attract the higher buying markets. Moreover, DG SBI and Ms.Naheed Memon provided the details of current activities of SBI in the different sectors of economy of province and its future vision.
The meeting was attended by Ms. Naheed Memon, Vice Chairperson SBI, Mr. Muhammad Riazuddin, Director General SBI, Mr.Abrar Shaikh, Director SBI and Mr. Mehboob-ul-Haq Memon, Chief Executive Officer, SEDF.
December 9, 2014
Ms. Naheed Memon said that the province of Sindh offers immense investment opportunities in renewable energy and other sectors where foreign and local investors can not only make fortune but at the same time become the driving force behind the futuristic growth associated with this very important project. This she said while meeting with H.E. Mr. John A. Tucknott, British Deputy High Commissioner in Karachi, who called on Ms. Naheed Memon, Vice Chairperson Sindh Board of Investment at her office in Karachi.
On the occasion, she emphasized on possible areas of intervention to enhance and further strengthen the bilateral relations between Pakistan and UK. Vice Chairperson, SBI elaborated that Government of Sindh is committed to provide conducive environment for the foreign investors.
Ms. Naheed Memon, also informed him about another mega project of Sindh i.e Karachi Education City which consist over 9000 acres, project planned in the outskirts of Karachi comprises of top universities campuses to provide quality education, besides alternate energy, infrastructure development, Low cost Housing Schemes, resorts development, Mass transit, Circular railways, cold storage plants ,fish shrimp farming, water treatment plants and technology development are the areas where Pakistan and UK can work as joint venture partners.
Vice Chairperson also informed that SBI is planning to work for rural women development in term of their capabilities and financial development. Ms. Naheed Memon appreciated his visit as it is highly beneficial in terms of bilateral trade and assured full fledge support to the British High Commission in Pakistan to reap the maximum business opportunities in future.
H.E. John A. Tucknott, appreciated the opportunities available in Sindh. He elaborated that UK is located in the heart of Europe. H.E. also suggest to hold a Educational Conference on Karachi Education City, which would be fruitful to promote the vision and mission of Education City among the foreign Universities for collaboration specially Universities from UK. H.E. Deputy High Commissioner also informed that 3rd UK-Pakistan Business Summit will be held in Jan 2015 focusing on financial Services.
October 29, 2014
Ms. Naheed Memon, Vice Chairperson, Sindh Board of Investment said that Pakistan being agrarian economy focused on value addition of this industry and would appreciate Hungarian expertise in agriculture and low cost housing projects as to uplift the socio-economic conditions of the rural community of Sindh in order to provide better living options. This she said while H.E Mr. ISTAVAN SZABO, Ambassador Hungary visited Sindh Board of Investment on 29th October 2014.
Ms. Naheed Memon appreciated the visit of Hungary delegation as it is highly beneficial in terms of bilateral trade and assured full fledge support to the Hungary Mission in Pakistan to reap the maximum business opportunities in future.
Vice Chairperson also emphasized on possible areas of intervention to enhance and further strengthen the bilateral relations between Pakistan and Hungary.
On the occasion, Muhammad Riazuddin, Director General, SBI, has given detailed presentation to delegation regarding investment opportunities available in Sindh. He said that government of Sindh would be given incentives to foreign investors through SEZ-Act (Special Economic Zone). He further elaborated that Government of Sindh is committed to provide conducive environment for the foreign investors. Sindh is blessed with Thar coal reservoir which can generate 100,000MW of electricity for 300 years, besides Sindh possess the largest wind corridor in the country along with gas reservoir, another mega project of Sindh is education city comprising over 9000 acres with USD 300(M) project planned in the outskirts of Karachi comprises of top universities campuses to provide quality education, besides alternate energy, infrastructure development, Low cost Housing Schemes, resorts development, Mass transit, Circular railways, cold storage plants ,fish shrimp farming, water treatment plants &Technology development are the areas where Pakistan & Hungary can work as joint venture partners.
H.E Mr. ISTAVAN SZABO appreciated the opportunities available in Sindh. He elaborated that Hungary is located in the heart of Europe. It has developed potential logistics & production base due to its favorable geographical position in Europe. Hungary is 2nd most significant exporter in the region, larger producer of wheat, sunflower & corn, the most important products are fruits & vegetables, meat, poultry, confectionery& dairy products, beside that Hungary has notable renewable energy recourses, Automotive sector Electronic & IT Services. Since 1990 a growing number of multinational companies have been attracted to Hungary.
H.E Mr. ISTAVAN SZABO also appreciated and admired Pakistani mangoes as one of the finest and high quality product which has grab a huge market so far and also showed keen interest to different opportunities discussed.
H.E. Mr. Janos Lastofka, Deputy Head of Mission, H.E. Mr. Zia Zakaria, Honorary Consul of Hungary and officers of SBI were also present in the meeting.
October 23, 2014
Ms Naheed Memon, Vice Chairperson Sindh Board of Investment said that the province of Sindh offers immense investment opportunities in marble sector where foreign and local investors can not only make fortune but at the same time become the driving force behind the futuristic growth associated with this very important project. This she said while presiding the Board meeting of Sindh Stone development Company at Sindh Board of investment, Karachi on 23rd October, 2014.
She said that Sindh Board of investment, Government of Sindh is fully committed to establish the Marble City Project in Karachi to strengthen the marble & granite sector of the province by providing this state of art enclave for value addition. This will create more jobs, increase exports and uplift socio economic conditions of the regional facilities.
On the occasion, Muhammad Riazuddin, Director General, SBI, highlighted the objectives for the establishment of independent company under the umbrella of Sindh Board of Investment. He elaborated that SBI has already procured 300 acres of land on the northern by-pass Karachi. He also 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.
The consultant consortium of Ernst & Young, Osmani & Co. (Pvt.) Ltd. & Haidermota & Company shared various studies and reports such as inception, technical viability, transaction analysis, commercial development plan and other technical and transaction related activities with the board member.
Earlier, Director (Projects) SBI gave briefing on the project status and stated that the land layout has been finalized and approved by Board of Revenue. He further said that consulting consortium will conduct a detailed feasibility study and prepare a master plan for this project at earliest.
The meeting was also attended by the directors from private sector Sanaullah Khan, Amin Hashwani and Haroon Rashid. They assured the board of their dedicated support development of Marble industry.
October 17, 2014
In continuation to earlier meeting, Mr. Leon S. Waskin Regional Director USAID for Sindh and Baluchistan visited Sindh Board of Investment. The objective of the meeting was to discuss USAID FIRMS Project which is a 5 year, over 89 million US$ initiative to develop a dynamic, internationally competitive, business sector in Pakistan that is increasing exports, employing more people, and producing higher value added products and services.
As the activities of both entities (USAID & SEDF) are for strengthening and enhancing the competitiveness of small & medium enterprises especially in agribusiness sector, therefore it was agreed that feasibility reports, impact studies and other knowledge imparting material would be shared for the benefit of private business sector.
A number of pre-feasibility studies were also provided to Sindh Board of Investment through the courtesy of United States Agency for International Development.
July 23, 2014
The Government of Sindh under the visionary leadership of Syed Qaim Ali Shah, Chief Minister Sindh has been able to get the SEZ status for two more industrial zones in the province namely Korangi Creek Industrial Park and Bin Qasim Industrial Park during Second Meeting of Approval Committee of Board of Investment under SEZ Act 2012. The meeting which was chaired by Dr Mifta Ismail, Chairman Board of Investment and Special Assistant to the Prime Minister of Pakistan unanimously approved both the applications which were submitted by the Government of Sindh on 22nd of July 2014.
It is also mentioned here that being the Chairman of Special Economic Zone Authority, Sindh Syed Qaim Ali Shah Chief Minister Sindh had earlier approved the above two Industrial Zones to be recommended to Board of Approvals, Islamabad for the award of SEZ Status which will guarantee the benefits that are offered under the SEZ ACT 2012. The main fiscal benefits under the act of 2012 ensure a corporate tax holiday of ten years for investors and developers as well as duty free import of capital goods and machinery. The Korangi Creek Industrial Park is being developed on 240 acres of land that is located in sector 38 of Korangi Industrial Area, Karachi. The estimated project cost is Rs.3.8 billion. The project is visualized to bring PKR 20 billion direct investment and contribute PKR 40 billion to GDP and generate direct employment for 30,000 individuals. The park is divided into two zones: a low density zone for industries and a high density zone for commercial sectors. The low density zone will include industrial units of food and pharmaceuticals, garments and textiles, light engineering, packaging and printing, warehousing and logistics.
The high density zone will exclusively promote information technology, gems and jewellery and other ancillary and allied sectors. The Bin Qasim Industrial Park (BQIP) is spread over an area of 930 acres near Port Qasim, adjacent to Arabian Sea Country Club, Bin Qasim Town, Karachi. The estimated cost is Rs.9.8 billion. The project is envisioned to fetch PKR 50 billion direct investment, contribute PKR 100 billion to GDP and generate direct employment for 50,000 individuals. The project has been designed to cater to the needs of medium and large-scale entrepreneurs aspiring to invest especially in the engineering sector and the steel industry of Pakistan. The proposed industrial clusters under the zone include engineering and equipment, chemicals and food, logistics and consumer goods.
The engineering and equipment cluster includes auto vendors, foundries and steel fabricating units; the chemicals and food cluster consists of pharmaceuticals, food and beverages and chemicals, while consumer goods include plastics, electrics and consumer electronics. It is worth mentioned here that Sindh is the only province which will have three Industrial Zones with SEZ Status as the Federal government had already awarded the SEZ Status to Khairpur Special Economic Zone (KSEZ) which is the First Industrial Park in the country to have been awarded the SEZ Status under the Act of 2012. It is hoped that with this status to more SEZs, the economic activity in the province will get a booster for more job creation, support poverty alleviation and uplift the socio economic conditions for people. The meeting was also attended by Mr. Muhammad Riazuddin, Director General, SBI, Dr. Raania Ahsan, DG, Board of Investment, Islamabad Mr. Abdul Azeem Uqaili, Director Projects, SBI and other stake holders from all provinces.
March 12, 2014
The Director General SBI has said that the Zone provides a perfect platform with the all basic infrastructure facilities. Some of the key sectors which offer huge potential for Investment within the KSEZ are Non Agro, Agro Food and Light Engineering/Manufacturing sectors. He said that the Zone will provide inherent benefits of essential supporting amenities to small, medium, and large enterprises to grow and flourish in a global marketplace.He said this while charring a review meeting of KSEZ on March 12, 2014 at SBI
Director General, SBI highlighted the importance of Waste to Energy Power Plant in KSEZ. The KSEZ project is supplemented by a dedicated waste to energy captive power plant which will ensure an uninterrupted power supply to all the enterprises within the zone. The Representatives of Energy Department and PPP Unit, Government of Sindh Mr. Ali Sibtain and Niaz Shaikh have informed the forum that the RFP has been floated to attract investor for establishment of the captive power plant. They also informed that the last date of the RFP is 31st of March 2014.
Mr. Nisar Siddiqui, Director IBA Sukkur who is also a member of Steering Committee has said that a number of potential investors have submitted their applications for multiple business setups. He also said that the economic activity within this zone will uplift the lives of many in the area. He also proposed that solar energy option shall be explored at the zone.
Earlier, the Project Director Mr. Anwaar ul Haq gave a detailed overview to the forum on the progress of various activities of Khairpur Special Economic Zone scheme. He informed that the construction work on the Administrative Block, Rangers Piquet, Boundary Wall and Main Gate is 100 percent complete and the remaining work on the road, sewerage electrification is 60 percent complete on ground. He also informed that the Project Office will continue to ensure a quality work is done on ground.
The Director (Projects) SBI has informed that KSEZ is the first Industrial Park to be awarded the SEZ Status under SEZ Act 2012 by the Federal Government. He further said that the all the investments at this zone are now guaranteed with the benefits that are offered under the act that includes one-time exemption on machinery and equipment and also 10 year income tax holiday for both the developer as well as the zone enterprises within the zone.
Mr. Mohsin Syed, CEO of National Industrial Parks which is engaged as a Project Management Unit for KSEZ has said that the Zone has immense potential for job creation. He said that the zone offers Commercial Area such as Warehousing, Cold Storage Facilities and Common Facilities for Dates Curing.
February 11, 2014
The Board of Investment, Islamabad has issued the SEZ Status to Khairpur Special Economic Zone (KSEZ) on Tuesday during a meeting held in Islamabad. The investment at this zone are now guaranteed with the benefits that are offered under the SEZ ACT 2012. The main fiscal benefits under the act are one time exemption on machinery and equipment and also 10 year income tax holiday for both the developer as well as the zone enterprises within the zone.
Earlier the Special Economic Zone Authority (SEZA) Sindh in its First Meeting which was held under the chair of Chief Minister Sindh has approved this project to be forwarded to Federal Board of Approvals for the award of the SEZ Status.
It is worth mentioned here that The Sindh Board of Investment, Government of Sindh has developed an industrial zone at 140 Acres of land on Main National Highway. The zone is dedicated to the Agro Industry which has world class features amenities comparable with any industrial zone in the international arena.
The KSEZ project is supplemented by a dedicated waste to energy captive power plant which will ensure an uninterrupted power supply to all the enterprises with in the zone. The Khairpur Special Economic Zone (KSEZ) 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. The Zone will provide inherent benefits of essential supporting amenities to small, medium, and large enterprises to grow and flourish in a global marketplace.
The Zone provides a perfect platform with the all basic infrastructure facilities.. Some of the key sectors which offer huge potential for Investment within the KSEZ are Non Agro, Agro Food and Light Engineering/Manufacturing sectors.
The Zone offers Commercial Area such as Retail Outlets, Restaurants, Fuel Station, Auditorium, Exhibition Hall, Business Center, Conference Arena, Offices, Banks, Warehousing and Cold Storage Facilities and Services that include Technical / Vocational Training Center, Common Facilities for Dates Curing, Laboratory with Food Certification Center, Trauma Center, Mosque, Truck Terminal, Combined Effluent Treatment Plant