KARACHI - Sindh Chief Minister Syed Qaim Ali Shah has said that Sindh is rich in natural resources, which his government has started tapping in the larger interests of people of the province.
Talking to a four-member delegation of the Republic of Belarus, led by its Minister for Industries Vitaly Vovk, which called on him at the CM House on Thursday, the CM said, “We would welcome the Belarus investors to come and help us in energy, agriculture and water sector."
He said that Sindh was rich in natural resources such as wind, coal, solar, agriculture and various others. "The Sindh government is using wind and solar energies for the benefit of people,” he informed the delegation, adding, “Work is already underway in Thar for generating power from the coal reserves.”
Shah invited the Belarus government and its investors to come over and invest in any sector they wish. "We are ready to support you," he assured.
The Belarus minister told the CM that his country had expertise in detecting the groundwater, which involves field research and evaluation of the water in the selected area.
“We have been drilling rigs for vertical and inclined boreholes, self-propelled drilling rigs and laboratory test of groundwater,” the minister said, and offered to the CM cooperation in this regard.
Vitaly also said that his country was advanced in mechanization of the agriculture sector. "Our tractors are popular in Pakistan, particularly in Sindh. We have modern ploughs, thrashers and other related equipments for which a plant can be set up in Sindh to reduce the production cost," he said.
The delegation also expressed interest in the energy sector, particularly in wind and solar.
It also agreed to work on coal energy. "We would definitely work together; therefore on behalf of the Belarus government, I invite you to visit Belarus to explore other opportunities of working together." the minister asked the CM.
Shah told the delegation that a road had been built from Karachi to Thar to transport machinery for installing power plant at Thar.
"We need the most powerful heavy trucks to transport heavy machinery from Karachi to Thar for coal-fired power projects," the CM told the delegation.
To this the Belarus minister informed him that his country also had expertise in manufacturing heavy vehicles. "We would also love to install such a plant in Sindh," he assured.
The CM thanked the delegation for the visit, and arranged its separate meeting with Sindh Minister for Finance and Energy Syed Murad Ali Shah and his team for shaping up the investment proposals.
SBI, SBC team up to promote
bilateral investment
Sindh Board of Investment (SBI) and Swiss Business Council (SBC), on Thursday, entered a Memorandum of Understanding with the sole objective of promoting investment and trade in Sindh.
The ceremony, in this connection, was organised at the Consulate of Switzerland in Karachi.
SBC President Asif Ikram and SBI Director General Iftikhar Ali Shallwani signed the MoU.
Swiss Consul General in Karachi Emil Wyss and SBI Chairperson Naheed Memon and other dignitaries also attended the ceremony.
The agreement envisages cooperation between the SBI and SBC in their efforts to explore potential opportunities for public-private partnership between the potential investors of Sindh, in particular, Pakistan, in general, and Switzerland.
SBI will establish Pak-Swiss Facilitation Desk (PSFD) at its office, and will facilitate the Swiss companies, look after matters of trade and investment, besides other matters.
The parties will designate one or more focal persons to act as one window to ensure smooth interaction and dissemination of useful information in furtherance of their objectives.
They will also team up and take appropriate initiatives to promote the vibrant image of Pakistan in Switzerland.
SBI may act to resolve the issues of Swiss companies based in Sindh, in accordance with laws, rules and regulations.
SBC, on the other hand, will support SBI for attracting Swiss investment to Sindh.
The parties will jointly arrange relevant investment / trade conferences and seminars for furthering their goals, both domestically and internationally.
The SBI will assist the Swiss delegations during their visit to Sindh for exploring the possibilities of investment in different sectors, while the SBC will accord the same reciprocally.