FP Staff Report
KARACHI: Sindh Chief Minister Syed Qaim Ali Shah presided over the third meeting of Sindh Board of Investment (SBI) at CM House on Friday.
Speaking on the occasion, the Chief Minister stressed the need to project the incentives and facilities to intending investors in a befitting manner so as to attract maximum investors to invest in various projects in Sindh province, according to a handout.
He said that there is a vast scope of investment in various sectors particularly in coal mining, power generation, wind energy, trade development and Halal marketing, and the need of the hour is that the Board members should play a vital role for enhancement of investment atmosphere in the province.
With regard to the subject of electricity, the Chief Minister Sindh said that electricity is not a federal subject and it is now under the purview of Council of Common Interest (CCI) after the passage of 18th Amendment.
He informed the BOI that the tariff will be got approved from CCI, and CCI is the best forum to plead, present and approach the case. It was also decided to form various committees headed by members of the Board.
The meeting was informed that a seminar/exhibition 2011 on Livestock, Dairy, Fisheries and Poultry will be held on February 7 and 8 at Karachi Expo Centre.
Earlier, Sindh Secretary Investment Muhammad Younus Dhaga, in his presentation said that Sindh Board of Investment has to work on new avenues for power generation and agro-processing.
He also submitted the progress on Memorandum of Understanding on Sindh Investment Conference 2010, which included MoU with Iran-Pak, MoU with AZUR SOLAR of Germany, MoU with Trans Atlantic, MoU with PASDEC, MoU with Zarai Taraqiati Bank and SBL.
It was informed in the meeting that Rsone billion has been earmarked in the current year budget 2010-2011 for the infrastructure development of the Education City.
He further stated that the fisheries S.E.Z project has been kept in ADP 2010-2011, and master planning of 352 kms of coast line for development of fish and shrimp farming has been submitted.