INCREASED ECONOMIC COOPERATION IN PAK, RUSSIA URGED
April 24, 2018
Chairperson, Sindh Board of Investment , Ms. Naheed Memon on Tuesday emphasized the need for increasing economic and regional cooperation between Pakistan and Russia including boost to bilateral trade as there is long history of friendly relationship between the two countries.
This is right time, Pakistan and Russian should increase their trade, investment, and economic and regional cooperation,’ she said while speaking at a meeting with business delegation from Saint Petersburg, Russia, here.
The Russian delegates represented 15 companies dealing in power, oil and gas, pharmaceutical, chemical, spare parts, metallurgical, textile especially polyester and yarn producers, engineering and aviation.
They held B2B meetings with Pakistani counterparts to rdiscuss in detail the possibilities of increasing trade and partnering in various potential sectors for good of both the countries.They also deliberated upon the changing regional and global scenes at regional and international levels.
SBI Chairperson recalled that Pakistan Peoples Party government in Sindh had signed memorandum of understanding with Government of Saint Petersburg in October 2017 there.
The visit of this high profile delegation was the follow up of that MoU, she said.
Ms. Naheed Memon stressed that the world had entered the era of co-existence and cooperation. And, she said, regional trade blocks had emerged as very successful model of economic cooperation.
She said Pakistan has adopted the policy of focusing on China,Central Asian States, Middle East and Africa after becoming a part of China’s global initiative ‘ One Belt ‘One Road’ to find new markets and find potential international partners.
On the second day, Wednesday, Russian trade and investors delegation would likely to sign MoUs with different Pakistani organizations.
April 25, 2016
The Chairperson, Sindh Enterprise Development Fund(SEDF) 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 SEDF, 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. CEO, 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.
June 29, 2015
November 13, 2014
The participants of Mid-Career Management Course (officers from various groups of Federal & Provincial Governments, autonomous bodies and public sector organisations) visited the office of Sindh Board of Investment and Sindh Enterprise Development Fund. The participants were briefed on various initiatives of Government of Sindh to promote Sindh as an investment hub. They were apprised with the role of SBI which is the principal Investment Promotion Agency of the province of Sindh and facilitates Foreign & Local Businesses, its current projects, and future plans. The participants were further briefed on SEDF which is a unique initiative through which the government provides subsidies to private sector initiatives for value addition in agro-processing, fisheries, livestock and dairy sectors. A brief presentation on SEDF was followed with a discussion on “Agro Based Industrial Development in Sindh”, the issues affecting SME sector and its remedies.
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.
September 22, 2014
A USAID delegation comprising officials of Agribusiness Project visited Sindh Board of Investment to discuss possible collaboration with regards to the Memorandum of Understanding signed between Sindh Enterprise Development Fund (SEDF) and USAID Agribusiness Project. Both entities had signed MOU and agreed to formalize their collaborative efforts by identifying areas of common interest for joint efforts and interact regularly at institution level to discuss existing cooperation between two entities and various initiatives undertaken individually or jointly.
September 08, 2014
National Bank of Pakistan (NBP) has become the second Participating Financial Institution to approve bank loan cases (under BMR Scheme) for its clients M/s New Jhulay Lal Rice Mill and Sangam Rice Mill. In this regard, Sindh Enterprise Development Fund has issued letters of comfort to NBP for 30% Credit Guarantee and 6.25% subsidy on refinance rate for the aforementioned applicants. These two rice mills are located in District Sujawal
With the addition of these two rice mills, the number of bank loan cases approved under BMR Scheme has reached to five.
August 19, 2014
August 7, 2014
Pakistan Agricultural Coalition (PAC) held a meeting with Sindh Board of Investment/Sindh Enterprise Development Fund with the objective to explore possible avenues of collaboration in various clusters. PAC briefed about its initiative of a Pilot Collection Center (PCC) at Kunri.
Pilot Collection Center at Kunri
PAC envisions a trading platform near Karachi as it is the largest and most stable market in the country. The trading platform will be fed by several collection centers located near the production site. The aim is to connect all the important players in the value chain.
- A Pilot Collection Center is being planned at Kunri (an area which is a major producer of ‘dandi-cut chillies’)
- National Foods is a major buyer of chillies
- The PCC will supply good quality, aflotoxin free chillies on which National Foods will pay a premium
- This will also reduce wastages for National Foods
- Agribusiness Support Fund (ASF) will provide extension services
- Asian Vegetable Research and Development Center (AVRDC) will provide technical expertise
- This project will benefit the farmers as it provides extension services and gives them a premium on following the proper procedures
- The primary concern for the farmer is money which he needs to invest in the next crop; PCC aims to address this issue by timely payment ‘ this model is already being employed by the like of JDW Group
- SMEDA has already installed a dehydration plant at Kunri which is currently not functional at the moment. ASF has applied for a Public-Private Partnership initiative to make the de-hydration plant functional; PAC can collaborate with them as PAC is already in contact with Mr. Shahjahan Hashmani from ASF.
PAC appreciated SBI/SEDF’s role for undertaking projects like the BMR scheme for rice husking mills in Sindh and assisting progressive farmers like Mr. Hadi Leghari. The proposed next step for PAC and SBI/SEDF collaboration is to:
- Submit an Expression of Interest to SBI/SEDF
- Look into creating other possible synergies and avenues of future collaboration with SBI/SEDF
June 30, 2014
With consistent efforts and constant follow up by Sindh Enterprise Development Fund and State Bank of Pakistan with Participating Financial Institutions (PFIs) and rice millers, the BMR Scheme for Rice Husking Mills in Sindh has started to bear results and further two more bank loan cases (under BMR Scheme) have been approved by Soneri Bank Limited. The names of the two entities are: M/s Jeelani Industries and M/s Sindh Abadgar Rice Mills. Both mills have obtained SBP Long Term Finance Facility to install rice processing unit (silky polisher).
Sindh Enterprise Development Fund has issued letters of comfort to Soneri Bank Limited for 30% Credit Guarantee and 6.25% subsidy on refinance rate for the aforementioned applicants.
With these two rice mills, the number of bank loan cases approved under BMR Scheme has reached to three.
May 27 to 30, 2014
Awareness sessions on BMR Scheme for Rice Husking Mills in Sindh were held in Hyderabad, Larkana and Sukkur divisions in close collaboration with National Bank of Pakistan and State Bank of Pakistan. These sessions were held in the last week of May 2014. The purpose of these awareness sessions was to identify the reasons for lack of interest as well as issues affecting financing under BMR Scheme. NBP also ensured participation of its respective Branch Managers to identify any problems regarding this Scheme at their end. Sindh Baluchistan Rice Mills Association representatives and members also attended these sessions and provided their input with regards to the Scheme. Rice Millers identified following reasons for lack of real progress under BMR Scheme:
- Rice Millers being Small and Medium Enterprises (SMEs) find it cumbersome to fulfill the requirements for Long Term Finance (LTF)
- Rice Millers also complained about Banks being conservative in approach with regards to Long Term Financing i.e. 3-5 years. However, rice millers do have Running Finance relationship with these banks.
- Preparation of Bankable Proposals
Mr. Muhammad Hassan Khaskheli, Executive Vice President (NBP), assured rice millers of maximum support and swift processing of applications under BMR Scheme. He also urged the rice millers to avail the Scheme and NBP would do its utmost to help them in accelerating the pace of scheme, for achieving the desirable results. Mr. Akhtiar Ahmed, Joint Director (SBP) provided his insight on the Scheme and wished for its success. Finance Manager / Company Secretary SEDF also highlighted the important features of the Scheme as well as the problems faced by rice millers in availing financing under BMR Scheme. He assured NBP and Rice Millers of continuous support and facilitation in order to modernize/upgrade or create further value addition in the rice husking mills in Sindh under this Scheme.
May 7, 2014
Under BMR Scheme for Rice Husking Mills in Sindh, Soneri Bank Limited has approved the request of M/s Kohsar Industries Rice Mill for installation of rice processing unit (Silky Polisher)
The scheme entails 30% Credit Guarantee for the bank and subsidy of 6.25% on refinance rate for the applicant. The applicant has to pay only bank spread which is 2.75%.
In this regards, SEDF has issued letter of comfort to Soneri Bank Limited on 7th May, 2014. M/s Kohsar Industries Rice Mill is the first case being financed under this scheme.
April 16, 2014
Mangoes have been produced in Southeast Asia for over two thousand years, and Pakistan is now the sixth largest producer in the world. Forty percent of total quantity produced is lost due to lack of appropriate management practices. This loss can be converted into business; we can boost exports and explore the untapped markets by identifying business potential and meeting the requirements of International markets and their desired quality standards.
The seminar held at Indus Hotel on April 16, 2014 provided a platform for identifying challenges and opportunities for improvement to take significant advantage in the major export markets of the world. Various certifications such as Global GAP and Quality Management Systems were also discussed which can boost the exports. Initiatives of Government of Sindh were also highlighted which can help private sector including farmers/growers to take maximum advantage of their produce.
April 10, 2014
Agribusiness consultants form Denmark visited Sindh Enterprise Development Fund and met various private sector investors to identify areas and sectors within the Pakistan’s agricultural sector that is most relevant for Danish agri businesses. In this regards, SEDF arranged visits to JB Saeed Cattle farm; Niazmani Agri Farms; and Popular Food Industries Tando Adam for the visitors from Denmark.
Through the office of SEDF, a meeting of Agribusiness Consultants was arranged with Honorable Vice Chairman of Sindh Agriculture University Tando Jam where a number of issues were discussed for identifying how and where links can be established between Danish and Pakistani agricultural knowledge, research and university institutions, which over time could also be supportive of the first objective.
March 18, 2014
Poultry sector is one the most vibrant segments of the agriculture industry of Pakistan. This sector has shown a robust growth which reflects its inherent potential. It has flourished over the last few decades and resulted into being the second largest industry after textiles with a turnover of approx. Rs.300 billion.
The seminar held at Movenpick Hotel Karachi on March 18, 2014 provided a platform which highlighted the local industry issues, improvement areas, major constrains in exports; regulatory requirements and various inspection, laboratory test services and feed analysis for better product and better yields.
Mr. Mehboob ul Haq, CEO Sindh Enterprise Development Fund, highlighted the role of Government of Sindh and its various initiatives which has helped private sector and provided them technical and financial assistance.
April 16, 2013
Dissemination meeting regarding BMR scheme for the rice husking mills in sindh was held in the office of State Bank of Pakistan, banking service corporation Hyderabad office on 16th April 2013. A presentation was given by Muhammad Ashfaq, Director State Bank of Pakistan to regional chiefs of MCB Bank, Habib Bank Limited, Sindh Bank, National Bank of Pakistan, Bank AlFalah and Allied Bank Limited, highlighting silent features of the said scheme.
CEO SEDF highlighted the economic benefits of the scheme and urged the banks to come forward for the successful implementation of the scheme. Later on one hour discussion, session was held with the rice millers of lower sindh in the presence of representatives of the banks.
October 24, 2013
The Chief Minister Sindh had a meeting with the president of Dongfang Electric Corporation (DEC) and his top management in his head office in Chengdu. The DEC is one of the top leading companies having expertise in the power generation through hydal, tidal, wind, solar and coal. Besides, this company is leading in the production of machinery and equipments related to the production of electrify.
In the meeting, the president of DEC, Mr.SI Zefu acknowledged the potential and resources in Sindh available for the production of power and showed immense interest in the investment in Sindh province particularly in the production of electricity by hydal, solar, wind and coal.
The desire of the Chief Minister Sindh to untap the resources of coal in Thar and production of power by utilizing Thar coal and establishment of coal power plan was positively responded by the president of DEC. The president of DEC not only accepted the offer of the CM Sindh to send delegation to visit Sindh and to come to an agreement for the mining of one of the blocks of the Thar coal and to generate power for the coal after mining. The CM Sindh appreciated the DEC for the establishment of Lakhra power plant, Ghazi Barotha plant and Nandipur power plant.
In an another meeting with the chairman of Sichuan Hejia Seed Industry Co, Ltd; the CM Sindh was briefed about the initiatives taken by the company for the development and introduction of hybrid seeds in the wheat, rice, cotton and different fruits. The chairman unleashed the company’s efforts of pre and post harvest techniques for the greater high yield production per hacter in the field. The company showed interest in the joint venture in the R&D, establishment of Control Atmosphere cold storages and up gradation of Agriculture labs in Sindh. The CM Sindh appreciated the efforts and achievements of the company in the field of R&D , introduction of different varieties of seeds and techniques for the better yield of Agriculture produces. The CM Sindh invited the delegation of the company to visit Sindh for detail deliberation and future joint venture in the different areas of hybrid seeds production, training to farmers for high yield and collaborate with private stake holders for establishment of control atmosphere cold storages at Agro Export Processing Zone in Karachi. The Chairman accepted the offer of the CM Sindh and committed to visit Sindh with high power delegation for the said activities in joint venture.
October 23, 2013
The Chief Minister Sindh Syed Qaim Ali Shah participated in the Western China International Cooperation Forum alongwith the Governor Generals of Canada and Australia, Presidents of Macedonia and Belarus, Prime Ministers of Tanzania and Mongolia and ex Premier of France. The leaders resolved to pursue balanced Growth alongwith sustainable development. The Chief Minister also visited the Pakistan pavilion at the Western China International Fair where some 70 enterprises from Pakistan showcased the products. The local Changdu TV news channel named Changdu CDTV and China Radio International interviewed the Chief Minister by the side line of Cooperation Forum proceeding.
The Chief Minister visited the state owned Sichuan Textile Import Export Corp. where he invited Chinese Textile Companies to set up textile units in case of relocation to the Textile City being developed in the Port Industrial Area. The Director General Textile informed cotton and textile related trade between Pakistan and Sichuan is not as per its potential and needs to be augmented. The Chief Minister Invited them Karachi which is a major hub of textile units and assured them maximum support for boosting trade tied between the two regions and find out avenues for mutual cooperation between Sichuan Textile Import & Export Corp and APTMA of Sindh, Pakistan.
Various Business Groups of Sichuan province called on the Chief Minister which included Changhong Electric Co., New Hope Dairy and Biomass Institute of Ministry of Agriculture. The Chief Minister invited the Business Houses to explore investment opportunities that the province offers and undertake investment in Sindh
M/S Changhong informed that they already have a assembly unit in Pakistan and are considering to expand their product and would positively consider Sindh as a destination for their expansion Project. The Chief Minister formally extended invitation to them to visit Karachi during their next trip.
The Chief Minister informed BIOMA that Sindh Province has great potential for developing biogas based energy which is a cost effective solution for providing electricity in the rural areas. He suggested that BIOMA may collaborate with Agriculture University Tando Jam to provide an institutional platform for the purpose. He informed that the government is already pursuing two projects namely Landhi Cattle Colony Biogas Project and Agro-waste to energy project in Khairpur. BIOMA has already provided training to 10 personnel from Punjab in this field.
Formal invitations were extended to New Hope Dairy and BIOMA to visit Sindh with the objective of investing in the dairy and related Biogas projects respectively.
October 22, 2013
A high powered delegation led by Syed Qaim Ali Shah, Chief Minister Sindh visited Chengdu to participate in the 14th Western China International Fair. The Chief Minister is accompanied with Secretary Finance, Secretary Coal, Secretary Energy and DG Sindh Board of Investment to seek Chinese investment in development of Thar Coal mining and coal based power generation, development of Wind Corridor and technical assistance in modernizing agriculture.
Mr. Li Jiaguo, Deputy Secretary General of Sichaun Provincial People’s Government hosted a banquet lunch in honour of the Chief Minister and the delegation. The Chief Minister invited the Deputy Secretary General to visit Sindh province. He invited Chinese investors to take advantage of the immense investment opportunities that the province offers to foreign investors.
Mr. Li Jiaguo informed that Sichuan province has a strong economy with a GDP of USD 383 bn. He informed that Sichuan province has robust agriculture & water Management, strong mining technology coupled with high tech industry in Chengdu. He assured all possible support to the provincial government for collaboration in these areas.
The Chief Minister met the Sichuan Province Governor Mr. Wei Hong who welcomed the delegation. He thanked the Chief Minister for sending out relief goods during the earth quake that hit Chengdu in 2008 and informed that Sichuan province can collaborate with the Sindh province in the areas of Mining, agriculture and water management. The Chief Minister extended formal invitation to the Governor to visit Sindh to which he assured to consider positively. The Chief Minister reiterated the Governor to consider investment in Thar Coal Mining, coal and wind based power generation. The Governor informed the delegation that Western China International Fair has emerged as the most important event to showcase Western China to the world and is participated by 72 countries and regions and 28 domestic provinces
Later the Chief Minister visited the Hi-tech Industrial Zone in Chengdu which ranks 5th among the 53 national hi-tech zones in China in terms of comprehensive strength. It aims to position Chengdu as an equally modern Business Center and High-end Industrial town.
October 11, 2013
Muhammad Zubair Motiwala has said that Sindh is blessed with enormous natural resources which invite attention of local and international investors adding that natural resources can play pivotal role in the development of province. Mr. Motiwala who rendered resignation from the slot of Chairman Sindh Board of investment and Sindh Enterprise Development Fund the other day was addressing a farewell arranged in his honor at the SBI office here on Friday. Mr Muhammad Zubair said that efforts should be accelerated to utilize these resources for the welfare of people. He said that he worked with dedication to encourage foreign as well local investment in the province so as to create more job opportunities during my four and half year tenure. Speaking on the occasion Director General SBI Muhammad Riaz lauded the services of Mr. Motiwala and said that his able leadership and un-tiring efforts has enhanced the image of Sindh Board of Investment and Sindh Enterprise Development Fund that will be remembered for ever. On behalf of staff members, he thanked Mr. Zubair Motiwala and presented souvenir to him in recognition of his services. CEO Sindh Enterprise Development Fund Mehboobul haq, Director Projects Abdul Azeem Uqailee, Director (Admin) Abrar Ahmed Shaikh, Deputy Director Public Relations Faisal Farooqui and Personal Assistant Zubairuddin Qureshi also spoke on the occasion.
October 08, 2013
Sindh Enterprise Development Fund extends its gratitude to State Bank of Pakistan for hosting the Follow up Meetings in Sukkur and Hyderabad on the Implementation of BMR Scheme for Rice Husking Mills in Sindh.
Following observations/suggestions have been made in above mentioned meetings for effective implementation of the scheme:
1. Development of template/prototype bankable proposal for applicants by PFIs. This will expedite development of proposal as per PFI requirements and standards.
2. List of Area level focal persons and their contact details. (Same has been provided and uploaded on our website)
3. Dissemination Promotional material (brochure and pamphlet) to be provided by SEDF. (Designs have been circulated and improvements as per feedback has been incorporated)
4. Recommendation for Enhancement of loan size in case of revising the limits:
a. Up-gradation of existing Mills Rs. 10,000,000
b. Establishment of new Composite (inclusive of Reprocessing) Mills Rs. 30,000,000
The above request has been jointly endorsed by Rice Millers and Bankers.
5. Participating Financial Institutions may also identify prospective/promising Rice Millers from their existing portfolio for up-gradation.
March 26, 2012
A Korean construction consortium M/s Korean Expressway Construction Corporation (KEC) along with Deokjae Pvt Ltd, the developer of first PPP project of Government of Sindh & representatives of PPP Unit visited Sindh Board of Investment on 22nd March, 2012.
The KEC representation included Mr. Kim Jong In, Mr Jung woo Lee, Senior Manager KEC, Mr. Yoo Sung Bae, Mr BJ Lee, Senior Manager KEC. While Deokjae reprentation included Mr. Jaffer Naqvi, Country Head Deokjae, Mr.Hamid Rasul CEO Deokjae, Mr. Kim Kyu Nam, Project Director Deokjae, Mr. S, Farrukh Raza, Manager Deokjae, Mr. Khalid sheikh, Director PPP unit & Mr. Ali Khan. Mr. Zubair Habib, CEO NIP also attended the meeting.
Mr. Zubair Motiwala, Chairman SBI & Ms. Naheed S. Durrani, Secretary Investment welcomed the participant. The senior management of KEC informed & gave detailed presentation to the participants that Korea Expressway Construction is a Korean Government entity under Ministry of land, Transport & Maritime affairs with current fund size USD 2 Billion. KEC is dealing with 6 core business service including Construction & Management, Operation & Maintenance, Research & Development, Public-Private Partnership, Intelligence Transportation system & Technical training Programme. KEC has made 31 MoU’s with 31 organizations in 21 countries.
The CEO, Deokjae, Mr.Hamid Rasul said that Deokjae & KEC has recently signed MOA to be the business partner for long time and HMDC (Hyderabad Mirpurkhas Dual Carriageway) is the pilot PPP Project and is also first overseas investment case of KEC. Deokjae & KEC are committed for further joint venture in Liyari Expressway Project & Hyderabad- Badin Road Project.
Mr.BJ Lee said that because of long term retrieving structure and deep evaluation experience of Pakistani currency there is always high currency risk faced by the investor & without hedge, GIF & KEC or any foreign investor may not be able to easily invest in Pakistani Projects so, KEC requested that Government of Sindh may help in PKR/USD hedging which is the only obstacle in huge foreign investment. The Chairman SBI appreciated the KEC joint venture in Lyari Expressway project and Hyderabad Badin Road Project and said that we can elaborate these risk factors to our provincial and federal governments. While PPP Unit has drafted a infrastructure policy for hedging which has been circulated among all investors in Pakistan & is meant to protect investors & at both federal and provincial level policies are formulating and promulgating to improve existing infrastructure like in energy sector Government of Sindh is offering huge and attractive incentives to investors.
March 14, 2012
M/s Bright Eagle Enterprises visited Sindh Board of Investment on 14th March, 2012. The visiting delegation was led by Mr.Cheng Ping, Chairman, Bright Eagle Enterprises, while other dignitaries included Wang Yujun, Executive Director and CEO of china resource Power, and LU Zhikang, Marketing Director of China National Technical import and Export Corporation.
M/s Bright Eagle Enterprise sponsored by Chinese and Korean investors would be funding conversion of KESC’s 1,260 MW Bin Qasim Power Station to coal from residual fuel oil (RFO. Chairman SBI & Secretary Investment appreciated their joint venture with KESC and welcomed the group to invest &exploit in Thar Coal which is one of the supreme reservoir in the world.
March 10, 2012
A four member delegation from Turkish Consultant consortium M/s ALDAS met Secretary Investment Ms. Naheed S.Durrani at the office of Sindh Board of Investment on 10th March, 2012. The Delegation was headed by Mr.Nezdat Ekinji Business Manager Aldas. Mr. Zahid Jan, Mr.Memet Sharif Gazi, Mr.Turabi Ilker Tuncel & Mr.Mehmood were also included in the delegation.
Senior representation from Sindh Government and local Government was at hand including Muhammad Suleman Chandio from local Government Department, Dr. Shaukat Zaman khan, Sr.Director Health KMC, Mr.Masroor Ali Arbab, Executive Engineer PHED, Sibte Ahmed Jafri, President Jafri Associates, Mr. Niaz A. Shar, MD NSUSC, Bashir Ahmed from PHDE, Mr. Faisal Khokhar, Deputy Director NIP Khairpur Special Economic Zone, Mr. Tehseen Ahmed Project Director NIP Khairpur Special Economic Zone, Captain R. Anwar, Project Director Khairpur Special Economic Zone, Najeeb Ahmed Director, Imtiaz Magsi P.M.S-III, S. Hassan Ejaz, Chief Engineer Projects KWSB, M.Ayoob shaikh, Chief Engineer Projects KWSB, , Mr. Asif Ali Khan, Project Manager S-III KWSB, Mr. Saeed Ahmed Awan, PD SCIP, Mr Rasheed Mughal, D.G Karachi Mass Transit Cell and Ghulam Muhammad Shaikh, Project coordinator (Tech) Khairpur Special Economic Zone.
Mr.Turabi Ilker Tuncel D.G Aldas gave brief presentation on operation of Aldas to the participants; he said that ALDAS is a Infrastructure Management, Consultancy Electrical Energy Production Services Construction and Contracting Inc. located in Antalya, and act as employer representative. And experienced on International arbitration proceedings. The Secretary Investment appreciated the presentation regarding the company profile of Aldas and said that since Karachi is the heart and economical hub of the country with rapidly increasing population where by to meet challenges of 21st century the Goverment of Sindh particularly looking forward for collaboration and cooperation in advance technologies to improve urban infrastructue and to speed up development process.
Senior representative sof local goverment gave detailed presentation to their relevant projects where possibilities of cooperation exist between the two countries and both sides assured to work in future of consultancy in Urban development projects.
Sindh is blessed with enormous potential for Wind Energy resource which if tapped can generate more than 50,000 MW. Wind Corridor (Gharo- Jhampir) is 60 KM wide and 180 KM long with average wind speed of 7-8 meter/sec. This was briefed by Chairman SBI while presiding a meeting in the office of Investment Department, Government of Sindh.
Govt of Sindh has taken strong measures to unfold this opporutnity and have so far approved 26 Wind Projects which will be comissioned within next one year and will generate of more than 1000 MW of energy. Mr. Muhammad Zubair Motiwala, Chairman Sindh Board of Investement shared that Chief Minister Sindh, Syed Qaim Ali Shah has recently approved allotment of 3474-34 acres of land for Nine (09) Fast Track Wind Power projects and the Revenue Department has also granted 30 years land lease to all Fast Track Wind Power Projects through investment under Renewable Energy Policy 2006.
Chairman, SBI said that efficient solution to energy crisis can only be achieved by encouraging investment in Renewable Energy Projects. All these 09 fast track projects have submitted non refundable guarantees under the new policy envisaging commissioning of commercial operations by March 31, 2013. He further elaborated that these projects plan to install 297.4 of electricity in the wind corridor of District Thatta and Jamshoro. He further said that Government of Sindh is simultaneously pursuing few other fast track cases including that M/S NBT for installation of 500 MW. Under these commitments, a total 797.4 MW can be installed by end of March, 2013.
March 08, 2012
A brainstorming session was held in the office of SBI regarding development of entrepreneurship skills in agribusiness. The meeting was chaired by the Secretary Investment, Ms. Naheed S. Durrani. Expert’s representation from both public and private sector was at hand.
The meeting agenda included discussion on entrepreneurship scheme (ADP), possibility of efficient/effective dissemination of Agri extension services to progressive small and medium farmers through agriculture department and possibilities of diversification of Agri product and increase in per acre yield through modern technology.
Meeting concluded that SBI along with leading agricultural universities, NGO’s promoting youth representation in entrepreneurship, IBA Sukkur, IBA Karachi and 4-5 modern farm owner will devised a board for taking initiatives to strategize the road map for modernization of agriculture practices and entrepreneurship through cooperation and collaboration.
March 01, 2012
The 5th Appraisal Committee Meeting of Sindh Enterprise Development Fund under the chairmanship of Ms. Naheed Shah Durrani, Secretary Investment was held on 1st March, 2012 at 02:00 pm in the Committee Room of Sindh Board of Investment, Karachi.
Application regarding Projects of M/s. Poultrymen Products (ECH Poultry Farm of 60000 birds), M/s. S.T.S Industries (ECH Poultry Farm of 30000 birds), M/s. Leghari Rice Mill, M/s. Haq Baho Rice Mill, M/s. National Seed Ventures were presented in the appraisal committee meeting. The committee reviewed applications and recommended for further approval of the board for 3 years interest rate subsidy to M/s Poutrymen Products of 15.3 Millions and M/s S.T.S Industries of 4.7 Millions & M/s Haq Baho Rice Mills of 18.3 Million and M/s National seeds of 25.14 Million. The committee also recommended M/s Leghari Rice Mills to present a revised version of their feasibility comprised of rationalized statistics, land cost, addition of power generation unit & proper machinery along with quotations for the onward recommendation to the board.
SOLID WASTE MANAGEMENT HAS HUGE POTENTIAL IN TERMS OF PROFITABLE BUSINESS & GENERATING EMPLOYMENT; SAID SECRETARY INVESTMENT, MS. NAHEED S. DURRANI
Ms.Naheed S. Durrani the new secretary of Investment department hold a meeting with the representatives of Karachi Metropolitan Corporation Health Services Group to discuss possibilities of Public Private Partnership mode in solid waste management projects.
The representatives of KMC gave detailed presentation regarding whole cycle of urban solid waste management in Karachi city informing that around 8938 tons/day solid waste is produced by the 18.935 million population of Karachi which can produce methane (Natural gas) for power generation.
Ms.Naheed S. Durrani told that SWM has huge potential in terms of profitable business as well as generating employment. Existing infrastructure of SWM and adaptation of technology based on composition of solid was discussed in the meeting.
MEETING WITH JAPANESE INVESTMENT DELEGATION TO BRING INVESTMENT IN IT & TELECOM SECTORS OF PAKISTAN ESPECIALLY SINDH
A three member delegation comprised of representatives from prominent Japanese companies namely M/S DTS Incorporation Japan, Solid Gear Japan and e2 Intl Japan visited Sindh Board of Investment on 3rd February, 2012.
The meeting was chaired by Mr. Mohammad Zubair Motiwala, Chairman SBI. Mr. Mohammad Younus Dagha (Secretary Investment, GOS) Mr. Sualeh Farooqui (Secretary Information Technology Department, GOS), Madam Nasreen Ali (Director General, BOI, Prime Minister Secretariat Public) also attended the meeting.
Japanese Investors showed keen interest in investment opportunities available in Sindh and shown firm assurance/willingness to bring more investment in Pakistan. Mr. Hironao Takahashi (Chairman, DTS Incorporation Japan) said that DTS Inc Japan is very keen to bring investment in Pakistan. He informed that DTS Japan has already invested more than Ten (10) Million USD by developing IT Park in Karachi Pakistan. He further instilled that this visit will be helpful for DTS Japan to implement its infrastructure in Pakistan for Software Development Center, Japanese Language Center, Call Center, Training Center & Manufacturing Industry re-export to Japan.
M/S Solid Gear Japan, a subsidiary of M/S Toshiba Japan also showed keen interest in bringing investment in IT & Telecom Sectors in Pakistan by establishing a new IT and Telecom Company in Pakistan.
Chairman SBI welcomed all participants & discussed the proposal presented by the companies. Secretary Investment assured full cooperation and facilitation to Japanese investors in Sindh and briefed about investment opportunities available in Sindh in IT and Telecom sectors. Secretary Information Technology said that Information Technology is the fastest growing industry and offers highest return on investment to local and foreign investors. He added that Government of Sindh is all set to facilitate FDI (Foreign Direct Investment) through flexible investment policies & incentives. Chairman SBI assured the investors of maximum support from all concerned departments.
Karachi January 2
Chairman Sindh Board of Investment, Muhammad Zubair Motiwala has said that Sindh Enterprise Development Fund (SEDF) consider Islamic Financing as well as other mode of financing while approving applications and projects. Sindh Enterprise Development Fund’s vision is to support entrepreneurship development based on Sindh’s competitive advantage. The main mission of SEDF is to introduce technology & bring value addition in non conventional and vital sectors of the economy by extending technical and Ciedit assistance. This he said while presiding 4th Board meeting of SEDF at his office here today.
Mohammad Y ounus Dagha, Secretary Sindh Board of Investment told the meeting that SEDF is providing financial subsidy to enterprises, which are looking forward to upgrade from basic skills to modern technology or setup Greenfield projects in Agro-Processing, Dairy, Livestock, Poultry, Fisheries, Floriculture, Storage and Cold Chain, Mining and Processing of Minerals, Energy (Use of Solar, Bio-Gas & wind as a source of energy). I-Ie informed the Board that LDF 2012 would be held in January 2012. It would create awareness among the masses about investment potential in Sindh in these sectors. Earlier, acting Secretary SEDF Mehboob ul Haq briefed the Board about the applications recommended by the appraisal Committee for KIBOR. Members of Board went through all applications thoroughly and finally approved 3 projects namely I-Iilal Rice Mill, AMSKA Poultry Farm and Luaripak Livestock. Boards also in principle approved National Saeeds ventures subject to some conditions and advice the Secretary SEDF to bring it again in appraisal committee after ratification arise. Acting Secretary also informed Board about the progress/ update on cases earlier approved by the Board.
Member Board of SEDF Naheed Shah proposed that new schedule of all projects must be provided in next meeting. She also proposed that some technical persons should be hired to evaluate the projects before submitting it to appraisal Committee/ Board meeting of SEDF. Member Board of SEDF also proposed that evaluation form/criteria must be declared so that it would helpful for appraisal committee as well as Board to accept or reject any application. Board members also approved the recommendation of HR Committee about raise in salary of Account Manager and Credit manager by 10 %respectively and 15 % for Naib Qasid with effect from January 1, 2012.
December 21, 2011
Sindh province has lot of investment opportunities in the sectors of Alternate Energy, Infrastructure development, Resorts development, Mass Transit, Circular Railway and Thar Coal and for that Sindh Government has offered favorable incentives to the foreign investors. These views were expressed by Chairman Sindh Board of Investment in meeting with Russian Counsel General His Excellency Andrey Demidov in the office of Sindh Board of Investment.
Chairman SBI welcomed the proposal of Russian Consul General H.E Andrey Demidov that Russian investors would visit Pakistan and specially Sindh to discover investment opportunities in the province. He further elaborated that Sindh has a lot of investment opportunities and to boost up investment opportunities in the province, the government has established Private Public Partnership Unit to achieve the targets. He explained that Government of Sindh have shortlisted fifteen (15) Shovel Ready Projects for local as well as foreign investment.
Meeting was scheduled to review the progress in the backdrop of the visit of honorable Chief Minister Sindh Syed Qaim Ali Shah earlier in the month of October, 2011 where one Sister City protocol with Government of St Petersburg was signed. Delegates then also had detailed meeting with Vice Governor of Leningrad Region to explore areas of interest/investment for both the parties. In furtherance of understanding between two sides Government of Sindh has drafted two agreements of cooperation in the field of Energy, Mining, tourism, Culture, Education, Sports, science and Technology.
SINDH BOARD OF INVESTMENT ESTABLISHS SINDH STONE DEVELOPMENT COMPANY(SSDC) FOR PROMOTING VALUE ADDITION INDUSTRY IN THE MARBLE & GRANITE SECTOR
December 10, 2011
First Board meeting of Sindh Stone Development Company was held to devise the way forward for establishing a special economic zone for promoting value addition and exports in the Marble & Granite cluster. The zone will comprise of cutting edge processing industry, common training facilities, exhibition area, warehouses and machinery pool.
Mr. Zubair Motiwala informed the participants that the foremost objective of this effort is to enhance the export of valuable marble and granite resources of Pakistan by focusing on increased competitiveness and modernization of existing marble practices. He informed that very high demand exists in the international market for Pakistani marble but unfortunately it could not be satisfied due to dearth of modern technology among the existing players. Countries like Italy and China have expressed keen interest for transfer of technology for processing units to be established in this industrial park.
SecretaryInvestment, Mr. Mohammad YounusDagha highlighted the objectives for the establishment of independent company under the umbrella of Sindh Government; he elaborated that Government of Sindh has allocated 300 acres of on the northern by-pass with availability of fresh canal water from Hub Dam.
Mr. Dagha said that our prime objective is to facilitate the existing middle class enterprenures by providing them with technical assistance and one stop facilitation to enhance export oriented productivity of this sector and to avoid wastage of raw material. He further said that the project shall have tremendous investment and growth potential for entrepreneurs being based on high end technology, innovation and services. The concept is based on a cutting edge technology, common facility, training institute and most technologically advanced industrial park for Marble & Granite sector in Karachi.
The meeting was also attended by the directors from private sector Mr. Sanaullah Khan, Mr. Amin Hashwani and Mr. Haroon Rashid. They assured the board of their dedicated support development of Marble industry
SSDC intends to engage consultant firm for master planning &infrastructure development. Sindh Land Management Development Company has offered to share their expertise in topographical survey and master planning of the zone. They have been requested to submit a proposal for fast track implementation of the project.
SINDH BOARD OF INVESTMENT FARMULATED SINDH STONE DEVELOPMENT COMPANY TO PROMOTE 300 ACRES OF MARBLE CITY PILOT PROJECT IN SHINDH
December 09, 2011
To fully exploit the stone and granite reservoirs of the province, Sindh Board of Investment registered a company as ‘Sindh Stone Development Company’ having Registration No. PAR/KAR/REG/2011-12/020 under section-42, of the Company Ordinance, 1984, The objectives of company is to enhance better income resulting from improved skills through training programmes in order to improve operational conditions for people working in this sector. The company shall be working to provide job Oppurtunities to curb poverty ratio in possible way. The company shall also be taking measures to promote export of marketable stone and granite products, ensuring possible waste reduction.
The Seven member board of the company shall be headed by Mr. Muhammad Zubair Motiwala, Chairman Sindh Board of Investment. The board of directors shall be comparised of Secretary Investment Department, Secretary Commerce and industry & Secretary Mines & Minerals from public sector and Mr. Amin Hashwani, Mr. Sanaullah Khan and Mr. Haroon Rasheed from private sector.
20th November, 2011
SBI took another investment delegation to the Peoples Republic of China from 15th to 19th November, 2011. The delegation was headed by Speaker Sindh Assembly, Mr Nisar Ahmed Khuhro and accompanied by Chairman, SBI, Mr. Mohammad Zubair Motiwala, Secretary Investment Department, Mr.Mohammad Younus Dagha and other Government officials and private businessmen. Sindh Government has signed four memorandum of understanding (MoU) with two Chinese companies for investment in the energy projects worth $ 10 billion.
The Investment will be made by the Chinese companies in Thar coal, wind power and manufacturing plant for wind turbines.
M.Younus Dagha said that the Government would be able to produce 4,300 MW of electricity through the Thar coal project with the investment of China, foreign investors have shown an interest to invest in Thar coal fields where we have the world’s second largest reservoirs of coal, he added. The investment will be made in phases during the next five to six years adding all the MoU’s were signed in Beijing.
Mr. Nisar Khuhro said that the infrastructure development projects had already been launched in Thar area to facilitate the investment by Sindh Government in collaboration with the Federal Government.
November 01, 2011
A delegation of United Energy Group headed by Dr.Ameer Azim Daudpota, Support Service Manager accompanied by Mr.Zhang Wei, Project Manager, M. Zaheer Alam, Regulatory Affairs & Business Support Manager and Mr. Ali Azfar, Business Development Lead, met Secretary Investment, Mr.Mohammad Younus Dagha at the office of Sindh Board of Investment.
While briefing about their company the group informed that they are in the initial stage of setting up of 150 MW Wind energy project in the initial phase and they have plans to further enhance the project to 500 MW.
Highlighting the bottlenecks being faced by the group for acquiring the land for their project, the group requested for providing the necessary assistance.
The Secretary Investment,Mr.Mohammad Younus Dagha said that land allocation is not at all a issue for Sindh Government as sindh is blessed with plenty of land with suitable wind coordinates and cooridors .He further said that as AEDB is a federal Government wing so its necessary to fulfill all the criteria defined by that board. Mr. Dagha told the delegation that as the land has been identified by the investors themselves so it would be much better that survey team of united energy group incorporated with EDO (Revenue) Thatta, to visit the site to check ownership of land for better technical assistance and evaluation of the site.
He assured the delegation of all possible assistance from Government of Sindh and said that Government of sindh is committed to facilitate investors on prior basis, serving the aim of SBI’s establishment. The delegation appreciated the gesture of cooperation from the Secretary Investment.
GERMAN DELEGATION OF M/s SIEMENS AG BRIEFED SECRETARY INVESTMENT, MR. MOHAMMAD YOUNUS DAGHA OF THEIR COMPANY.
October 30, 2011
A German delegation representing M/s Siemens AG met Secretary Investment, Mr. Mohammad Younus Dagha on 30th Oct, 2011 in the office of Sindh Board of Investment.
The participants gave detailed presentation of the operation of Siemens AG and informed that Siemens AG is a global powerhouse in electronics and electrical engineering, operating in the industry, energy and healthcare sectors. Siemens AG is supplier of innovative, environment friendly products. The delegation informed the chair that the history of Siemens date backs to 1937 and is today operational worldwide.
The delegation further said that the reliability and availability of Siemens has been internationally vetted as today the focus is not only on procurement cost but on products entire lifecycle costs including operational outlays and resource use, as Sindh Government is enthusiastically pursuing Thar Coal Project for which Siemens intends to offer its steam turbines, boilers, generators and other energy optimized equipments and systems.
Mr. Mohammad Younus Dagha appreciated the presentation of energy efficient products being presented and also discussed technical requirements for power generation from Thar Coal.
INVESTMENT DELEGATION PROCEEDS TO RUSSIA UNDER THE CHAIRMANSHIP OF HONORABLE CHIEF MINISTER SINDH, SYED QAIM ALI SHAH ON 23rd OCTOBER, 2011 TO ENHANCE COOPERATION BETWEEN PAKISTAN AND RUSSIA.
October 23, 2011
A delegation headed by the Chief Minister Sindh, Syed Qaim Ali Shah proceed to Russia for signing of protocol between Russian Federation and Pakistan.
The CM Sindh was accompanied by the Chairman Sindh Board of Investment, Mr. Mohammad Zubair Motiwala, The Secretary Investment, Mr. Mohammad Younus Dagha, Administrator Karachi, Mohammad Hussain Syed and other senior officials of Sindh Government
CM Sindh, Syed Qaim Ali Shah and the vice-Governor of St.Petersburg, Alexander Prokhorenko, have signed a protocol drawn up as a result of negotiations on cooperation between the two sides as a follow up of the official visit of Honorable President Asif Ali Zardari .The signing ceremony was held on October 25, 2011, in the office of the Governor of St.Petersburg, Russia.
Vice-Governor of St.Petersburg gave a detailed briefing about history, economic trade and education system in the region .Alexander informed the Chief Minister Sindh that Russian Federation desires to extend friendship to the people of Pakistan through the energy projects initiated in northern parts of the countries. He said that the industrial and intellectual cooperation is very useful for both the sides and this will usher a new era of cooperation.
Later the CM Sindh informed the vice-Governor that the present democratic government of Pakistan under the leadership of President Asif Ali Zardari is committed to develop strong relationship between Russia and Pakistan. The protocol aims to carry out approval procedure through a draft agreement in accordance with the laws of Russian Federation and Islamic Republic of Pakistan. The Sindh Chief Minister said that the guidelines of the protocol will be helpful in developing and maintaining close relationship between the two countries. The agreement enunciates to expand cooperation in the areas of energy, health care, social development, sports and long term cooperation in the area of industrial production, construction, planning, city management, telecommunication and city public transport and all this is expected to be achieved through regular working meetings, consultations and negotiations.
PRIME MINISTER SAID THAT GOVERNMENT WAS COMMITTED TO FULLY EXPLOIT THAR COAL RESERVES TO OVERCOME THE ENERGY CRISES.
October 22, 2011
The International Coal Conference-2011, jointly organized by the Coal and Energy department of Sindh and Sindh Board of Investment was held on 22nd Oct, 2011 in a local hotel in Karachi.
The Conference was attended by the Honorable Prime Minister of Pakistan, Syed Yousuf Raza Gilani, Honorable Governor Sindh, Dr.Ishratul Ibad, Honorable Chef Minister Sindh, Syed Qaim Ali Shah, Federal Minister for Water & Power , Syed Naveed Qamar, Provincial Ministers, Domestic and International Specialists, Foreign Investors, diplomats and other stake holders.
The Honorable CM Sindh, Syed Qaim Ali Shah in his welcome address said that the first International conference was well represented by all relevant stake holders and this participation of conference has made the conference extremely important and a major step towards national security. He said that all Federal and Provincial ministries, departments and agencies are working collectively under Thar Coal and Energy Board on fast track materialization of Thar Coal project. He further thanked Prime Minister Pakistan and Governor Sindh to grace the occasion.
Honorable Prime Minister of Pakistan, Syed Yousuf Raza Gillani spoke to the conference, he said that the objective of his participation in the energy moot itself was to convey the commitment of the democratic government to the successful development of the Thar Coal Project, since energy is an essential driver of the country’s economy, hence is the top priority of the government. He said that the Thar Coal Development project was the vision of the Shaheed Mohtarma Benazir Bhutto who had laid the foundation of development of Thar coal field in 1993, and the current govement took up the project on priority. He appreciated CM Sindh, Syed Qaim Ali Shah for resolutely working to develop the Thar Coal reserves in a strategic and systematic manner to ensure the country’s national security agenda.
The Federal Minister for Water and Power, Syed Naveed Qamar said that government was focusing on shifting power generation from expensive furnance oil to coal and coal reserves of thar can be a sustainable solution to the energy crises.
Dr.Marcos Leontidis, a mining expert from Greece and Dr. Larry Thomas, Coal expert from UK discussed the best quality of Thar coal as compared to other coal mines in the world. Representatives of international firms and coal mining companies made presentation during the conference.
The Chairman SBI, Mohammad Zubair Motiwala briefed the participants about investment potentials of Thar coal deposits, he added that many international investment companies from China, South Korea,Germany,Czech Republic,Australia,UK and Turkey had shown interest in coal mining, power generation and infrastructure development and Sindh government is conducting international competitive bidding for blocks VIII, IX & X of the Thar coal fields and also for blocks in Sonda and Badin for attracting companies to invest in coal mining and power generation.
The Secretary Coal and Energy development, Mr. Mohammad Younus Dagha gave detailed presentation to the Honorable Prime Minister regarding progress and efforts of Thar Coal Energy department and Thar Coal Energy Board for fully exploiting the Thar Coal reserves.
October 13, 2011
Representative of M/s HSI Ping Trading china’s leading trading association visited Sindh Board of Investment. The meeting was chaired by Chairman SBI, Mr. Mohammad Zubair Motiwala and was held in the office of Sindh Board of Investment.
The meeting was attended by Miss Liu Xiao Xiang and Mr.Hsi Ping Tsui, Sr Vice Chairman, Managing Director of M/s HIS PING TRADING and representatives of SBI.
Mr.Hsi Ping Tsui informed the chair that M/s HIS PING TRADING is a renowned name in china and are willing in joint venture with Government of Sindh in coal and other sectors of economy.
The chair welcomed the participants and informed them that Government of Sindh is offering unmatched incentives to local and foreign investors in almost every sector. Director Projects SBI, Mr. Mehboob-ul-Haq gave detailed presentation to the participants on Thar coal reserves and informed that Thar has one of the largest coal reserved in the world and the credibility of reserves has been vetted by world class geologists and feasibilities and studies on Thar coal has been reconfirmed by Chinese consultants as well.
The Chairman SBI also invited the Chinese participants in International Coal Conference which is a joint venture between Coal and Energy Development Board and Sindh Board of Investment and scheduled to be held on 22nd Oct, 2011. He said to the Chinese representatives to submit a proper proposal along with complete details of their technical team so that SBI would help them in arranging high level meeting with Government of Sindh’s officials.
The meeting ended with vote of thanks.
THAILAND TO SHARE HALAL FOOD EXPERTISE WITH PAKISTAN; THAI EMBASSY & SBI HOLD HALAL FOOD PROMOTION AND BUSINESS MATCHING CONFERENCE AT PC HOTEL, KARACHI.
September 30, 2011
Halal Food Conference and Business Matching 2011, organized by Royal Thai embassy, Islamabad & Sindh Board of Investment (SBI) was held in PC Hotel Karachi, The Conference is a part of series of events co-hosted by the two countries to commemorate 60th anniversary of the establishment of the diplomatic relations between Thailand and Pakistan.
The Thai embassy in Islamabad had initiated a number of activities to promote cooperation in Halal Industry between the two countries since 2008, said the ambassador.
The main objective of the event was to promote better understanding of Halal food quality, Production and certification procedure in Thailand, as well as to boost business cooperation and joint venture in Halal food sector between the two countries.
The Secretary Investment, Mr.Mohammad Younus Dagha in his opening remarks welcomed the Thai delegation and said that Government of Sindh is looking forward to collaborate with Thailand in Halal Sector.
Chairman SBI, Mr.Mohammad Zubair Motiwala in his address said that Halal certified products are viewed by Muslims as a mark of quality and added religious safeguard. Halal food can be consumed by Muslims and non Muslims as well. He further said that presently there are 1.4 billion Muslims worldwide and Pakistan has huge market for Halal Products.
Various Thai food companies also set up their stalls to promote Halal products of Thailand in Pakistan.
The Ambassador of Thailand H.E Mr. Marut Jitpatima said that conference would be useful in providing knowledge and understanding on Halal facts, Potential and advancement of Thailand’s Halal Sector among Pakistani audience.
September 21, 2011
3rd SBI Investment Consultative Group meeting was held on 21st of September, 2011 in the committee room of Sindh Board of Investment. The meeting was chaired by director (Projects), SBI.
The meeting was scheduled to brief the Investment Consultative Group members with the projects under the umbrella of Sindh Enterprise Development Fund. Director Projects shared the projects and their details with the participants. The member applauded the initiatives taken by SBI for promoting non traditional sectors of the economy for investment.
The members showed their interest for financing these projects and expressed their every possible support for promoting investment in the province.
The details of Sindh Investment and Trade delegation were also shared with the group members. They were informed about the recent visit headed by the Honorable Chief Minister to Korea and its positive outcome in the shape of joint venture agreement between Al-Tuwairiqi Steel Limited and POSCO, the world third largest steel manufacturer.
The members were also appraised for the upcoming Sindh Investment and Trade delegations next visit to Peoples Republic of China and Russian Federation. The chair further informed the group that in order to strengthen the tradition of result oriented visits, SBI wishes to have members for delegation’s next visit to Russian and China from this platform especially for financial sector.
One of the members suggested a proper booklet as a marketing tool indicating the specific projects for investment in Sindh for the audience in Russia and China. SBI has also shared the upcoming Halal and Coal conference for projection of available investment Oppurtunities in the Province.
August 17, 2011
Mr. Abu Bakar Manmat, the newly appointed Consul General of Malaysia in Pakistan paid a courtesy visit to Chairman, Sindh Board of Investment, Mr. Mohammad Zubair Motiwala on 17th august, 2011 at his office.Mr.Mohammad Zubair Motiwala welcomed Mr. Abu Bakar Mamat and presented good will for his new assignment in Pakistan.
The Consul General was accompanied with The Regional Manager of Malaysian Palm Oil Board (MPOB), Mr. Fairus Hidzir and Mr.Ahsan Zuberi, Chairman Pak-Korea Business Council.
Both the sides discuss various aspects to promote business ties between the two brotherly nations. The Chairman SBI informed the Consul General Malaysia regarding SBI’s initiatives for the promotion of Halal industry in Pakistan particularly in Sindh region in initial phase. Mr Motiwala elaborated that Government of Sindh is very much keen to enhance Halal Business in this region and for halal certification and accredition of products; SBI has signed Memorandum of Understanding with HDC Malaysia in Kuala Lampur on 1st December, 2010.
He added that as Pakistan is new entrant in Halal sector while Malaysia is one of the key player to Halal Industry therefore Pakistan is seeking Malaysian assistance in shape of technical training, equipments for the establishment of Halal laboratories in Pakistan and this partnership is deemed as a historic milestone in SBI’S progress towards development of Halal industry in Pakistan.
Mr. Fairus Hidzir, Regional Manager (MPOB) said that Pakistan is the 2nd highest consumer of Malaysian palm oil therefore Malaysia seeks long term partnership with Pakistan beyond just selling and buying and Malaysia is willing to work over pilot projects of Palm oil plantation in Pakistan for which SBI assured to arrange meetings between Secretary Agriculture and Malaysians investors for future commitments.
Chairman, SBI also respond back to Malaysian investors concern over security matters in Pakistan, he said that government is taking serious measures to curb such insecurities and beside all propaganda Pakistan is still a business friendly destination for many investors and they have witnessed remarkable progress in their businesses which is a history. In Sindh SBI is facilitating worthy investors in every manner.
SBI also informed the Consul General that SBI in collaboration with TDAP is organizing a bilateral investment conference in near future to portray the development projects along with financial aspects in which foreign investment companies are participating and welcomed Malaysian P alm oil Company to join this investment conference.
The Consul General of Malaysia appreciated SBI initiatives for bilateral trade enhancement and affirmed to continue this friendly relation in future as well.
August 09, 2011
The Sindh Enterprise Development Fund has approved seven important projects that would be assisted through provision of subsidy on its finances. “It is only the Sindh Government that has introduced subsidy on finances of projects that include processing plant for agriculture projects, fisheries and livestock including poultry’ said Sindh Board of Investment’s Chairman Muhammad Zubair Motiwala. ‘ it is a unique and bold initiative of the Sindh Government that would go a long way in introducing value addition technologies inthe rural economy and enhancing the income of farmers and job Oppurtunities in the rural areas’ he said.
These Projects were approved by the SEDF Board that met under the chairmanship of Mr. Mohammad Zubair Motiwala at the office of Sindh Board of Investment on tuesdy, dated 9th August, 2011. The Secretary Investment Mr. Mohammad Younus Dagha was also present at the meeting.
The Livestock and dairy Processing are offered financial subsidy through the SEDF whereby the KIBOR part of the interest is paid 100 percent through this fund, making the financing also interest free for 3 to 5 years.
The seven different Projects were approved for subsidized financing has been approved. In addition the board also approved five dates processing plants in Khairpur and Sukkur.
Earlier, the SEDF secretary informed the meeting about the recommendations made by the appraisal committee on the projects. It was also decided that the SEDF will provide KIBOR subsidy for the three years initially which may be extended for two more years. The meeting was attended by Miss Shahida Qaiser of TDAP and Abbas Akber Ali, Usman Khatri members from the private sector.
July 09, 2011
SBI called a meeting of private sector participants for the proposed visit to the Peoples Republic of China from 13th-16th July, 2011.
The meeting was chaired by Secretary Investment, Mr. Mohammad Younus Dagha. He discussed with participants regarding their proposals and project to be offered to Chinese investors during the said visit. SBI also shared programme details with the participants which has been prepared in coordination with Pakistan embassy in China and Chinese Peoples Institute of Foreign Affairs (CPIFA).
June 30, 2011
Chinese Consul General H.E Mr. Zhang visited SBI on 30th June, 2011. The meeting was chaired by Advisor to Chief Minister Sindh on Investment, Mr. Mohammad Zubair Motiwala.
Mr. Mohammad Younus Dagha, Secretary Investment Department informed His Excellency about SBI’s upcoming delegation visit to the Peoples Republic of China from 12th -16th July, 2011. He said that the Prime objective of this visit is to attract Foreign Direct Investment in Sindh; he further stated that during the visit to china Pakistan businessmen will meet foreign investors belonging to Power Sector, Urban Development, Textile and many other sectors of economy. H.E Mr. Zhang Jianxin appreciated SBI’s role in promoting business ties and extending business relations across the globe and assured his support and assistance for the delegation to China.
SBI also assured the Chinese Consul General H.E Mr. Zhang Jianxin to expediate the implementation of MoU signed by China wind Energy Company for Power Generation of 2,000 MW in Pakistan.
June 11, 2011
SBI organized awareness seminar in Sukkur, Mirpurkhas on 11th June, 2011 at state Life building auditorium. The key objective of the seminar was to create awareness & to draw attention of the local investors towards the immense potential of various sectors in Sindh province and to chalk out the road-map to transform investment opportunities into business operations.
The acting Secretary SEDF Mr.Mehboob-ul-Haq gave detailed information to the participants regarding role of SEDF and also informed that SEDF is giving official subsidy in the form of KIBOR(Karachi Inter Bank Offer rates) on the bank loans being offered in the priority sectors of Agro Processing, Dairy,Livestock,Poultary,Fisheries,Flouriculture,Aquaculture,Mining and Processing. He further elaborated the potential for the value addition, modern farming techniques, export potential in International Market & the projects which are currently under observation including Milking Parlor, Milk pasteurization plant & Environmental Controlled Poultry Farm.
The Manager Supply Chain of Pakistan Horticulture Development & Export Company (PHDEC) gave his presentation on the objectives of PHDEC & said that PHDEC is providing technical, marketing & business development assistance to exporters
Mr. Saleem Rajhani Sector Development Specialist of Firms Pakistan identified the basic problems in getting the high quality yield of mangos and other fruits in the region of Sindh. He informed that Firms Pakistan along with the collaboration of USAID started the training program for the farm workers to handle the fruit & make it available for the international market according to their standards.
Presentation on modern dairy farming techniques was being given by Dr. Nasir Javed, Manager Milk Collection in Engro Food Ltd Pakistan. He said that Pakistan is the 3rd largest country in producing milk. He further explained the procedures of different milking parlors being used in modern dairy farming in developed countries.
The Director Chemi Group of Industries Mr. Munir Ahmed Dogar informed the participants about the detail procedure of delinting of cottonseed.
Presentation on responsibilities & achievements of SMEDA (Small & Medium Enterprise Development Authority) was given by Regional Business Coordinator Mr. Ikhtiar Ahmed Khoso, Mr. Ghulam Hussain Memon, DCO Mirpurkhas highlighted the opportunities of investment in Mirpurkhas District
THE CM SINDH INIVITES SOUTH KOREANS TO INVEST IN SINDH DURING SBI’s TRADE DELEGATION VISIT TO SOUTH KOREA.
May 23, 2011
As a part of SBI’s initiatives to promote Sindh as an ideal destination, SBI has planned to organize series of Road shows for which investment and trade delegations are being formed to visit different countries.
SBI successfully organized its first trade delegation visit to the Republic of Korea from 17th May to 21st May, 2011. The delegation was led by the Honorable CM Sindh and was accompanied with Ambassador of Korea in Pakistan H.E, Choongjo Choi, Advisor to CM Sindh on Investment, Mr. Mohammad Zubair Motiwala, Secretary Investment Mr. Mohammad Younus Dagha, High level Provincial Government’s officials and leading Businessmen & Business Houses of the country like Engro, Al-Tuwairiqi and others relevant sectors to participate in Korea International Trade Fair (KOIF) 2011 with the aim to showcase the potential wealth of the province and to attract foreign investment in different sectors of economy.
The CM Sindh, Syed Qaim Ali Shah has invited Korean investors to come forward and invest in Sindh, which is the heart of country’s economy and having huge business potential. Speaking at the Sindh Investment Seminar 2011 at Seoul organized in collaboration with the Pakistan embassy in Seoul and Korea Chamber of Commerce and Industry, Qaim said that people of Pakistan are looking forward to benefit from Korean expertise. The seminar was largely attended by the Korean Businessmen who took great interest in the investment oppurtunities available at Sindh. He further stated that Sindh possesses many natural resources including vast area full of coal reserves in Thar area which are being utilized for development and progress.
Advisor to CM on Investment, Mr. Mohammad Zubair Motiwala in his speech highlighted that Pakistan continued to remain a destination of choice among foreign investors despite deteriorating law and order situation and the investors never faced any loss in their businesses. He also thanked Korean Chambers for organizing a successful investment seminar. The Secretary Investment, Mr. Mohammad Younus Dagha in his presentation highlighted the Wind Energy sector, Mass Transit, Infrastructure development of Karachi Education City which are being enthusiastically pursued by the Sindh Board of Investment and other related sectors of economy.
The Secretary Coal gave a detailed presentation to the Korean Businessmen and invited them to join hands in developing Thar coal reserves which can rid the country of its economic woes. Secretary Livestock and Fisheries Sindh, Laiq Ahmed Memon considering the Korean expertise in Aquaculture and Processing presented investment Oppurtunities that are being offered by the Government of Sindh. DG Public Private Partnership Unit, Sohail Rajput gave presentation on various projects which are being offered by the Government of Sindh under PPP mode of investment in setting up LNG terminal at Port Qasim. After B2B meetings with various companies participated in KOIF-2011, SBI signed a Memorandum of Understanding (MoU) at Seoul with Korean Importers Association (KOIMA) in order to boost exports from Sindh. The MoU was inked by the Secretary investment on behalf of the Sindh Government while the Korean Importers Association represented by its Chairman.
May 09, 2011
SBI as a part of its efforts hold another successful awareness seminar of SEDF on 9th May, 2011 at Paediatric Auditorium of Chandka Medical College, Larkana. The seminar witnessed a huge gathering including entrepreneurs, farmers, Growers, DCO’s, EDO’s, representatives of all districts of the province. The event received wide media coverage.
The Secretary/DG Investment Department and acting CEO of SEDF Board, Mr. Mohammad Younus Dagha inaugurated the seminar with his speech. He said that Sindh government has invited potential entrepreneurs to invest in setting up small scale industrial units in the province by taping local raw material and resources, initially Government has earmarked 750 million to extend financial assistance to willing parties and for this purpose SEDF has been established. Mr. Mohammad Younus Dagha highlighted the objectives of SEDF, saying that SEDF is giving financial subsidy in the form of KIBOR (Karachi Interbank Offer Rate) on the Bank’s Loan being offered in priority sectors of Agro-processing, Dairy, Livestock, Poultry, Fisheries, Energy, Floriculture, Mining & Processing of Minerals. He informed that SEDF is also providing technical assistance in preparing feasibility reports & documentation for the application of Bank Loan. He further elaborated the potential for the value addition, modern farming techniques, export potential in International Market & the projects which are currently under observation including Milking Parlor, Milk pasteurization plant & Environmental Controlled Poultry Farm. The seminar proceeded with the presentations by the participants.
The Director Chemi Group of Industries Mr. Munir Ahmed Dogar informed the participants about the detail procedure of delinting of cottonseed. He said that cotton obtained from the field contains about 65 to 70% cottonseed. When the seed is delinted, it yields lint as a by-product. He further explained the machinery & equipment used for the whole process to delint the cottonseed and to get the edible oil. He also motivated the people of the Sindh to work harder to bring the agricultural revolution in the province of Sindh.
Mr. Muhammad Munir Shaikh (CEO Noor Rice Mill) identified the problems in getting the loan and preparing feasibility reports. There was a strong presence of Rice Millers in the hall. He also identified the loss that most of the Rice Millers suffered due to the devastating flood situation in the region of Sindh. He asked the Government to help the Rice Millers in giving the financial subsidy so that they could not only be able to built the new rice processing plants but also can repair the damages caused by the flood.
Mr.Ikhtiar Ahmed Khoso, Regional business coordinator gave a detailed presentation regarding SMEDA’s responsibilities and achievements; he said that contribution of SMEDA in GDP is 30% whereas contribution of SMEDA in employment is 99% in non agriculture jobs. Mr. Khoso explained that SMEDA identifies research parameters; conduct overall monitoring evaluation of SME’s. He further stated for existing businesses SMEDA provide assistance in developing marketing plan, increase productivity, imports/exports matters and bringing the product into the international markets and explained the projects being supported by SMEDA along with the Rice production belt in the region of Sindh. Mr. Ghulam Hussain Senior Vice President of National Bank shared information of National Bank branch structure and financial position with the help of data. He elaborated the work scope of Agriculture Financial Officers (AFO’s) tasked to visit the potential borrowers, small enterprises, association and customers for the agriculture credit. DCO Larkana Mr. Abdul Aleem Lashari highlighted the Oppurtunities of investment in Larkana district, he said that Larkana is a hub of many small and large scale industries in which rice mills are prominent, he further stated that Larkana provides ideal investment Oppurtunities, by providing technical and semi skilled labour force.
Mr. Younus Dagha also responded to the queries of the participants and also assured that field officers from SEDF will work with Rice millers to get data and then preparing their feasibilities with the collaboration of SMEDA and will assist them in getting the agricultural loans from banks.
April 28, 2011
A delegation of Korean Southern Power Company Limited (KOSPO) called on the Advisor to Chief Minister on Investment, Muhammad Zubair Motiwala at his office. Korean Power Company has expressed keen interest in setting up wind corridor of Sindh for generating 2,000 megawatts (MW) of electricity in the next five years.
The Korean delegation was led by Mr. Park, Seog- Ho and General Manager of Hyundai Corporation Jin Han Chung.The Secretary Investment and Director General SBI, Mr. Muhammad Zubair Motiwala was also present on the occasion. The Koreans also made commitment to generate at least 2,000 MW of electricity from wind power in next two years. They said that KOSPO was producing 9, 238 MW of power from coal, LNG, oil and wind in Korea with an investment of $5 billion, while the company also engaged in producing electricity in the United Arab Emirates, Jordan and Bulgaria. The Hyundai Corp representative also showed intention of putting up a wind turbine manufacturing plant in Pakistan to cater to the needs turbines in other wind energy projects. Chung also showed interest in power generation from Thar coal.
Mr. Motiwala assured the delegation for full support for the provision of land as per Government’s investment policy. SBI and Korean entrepreneurs also discussed the strategy to sign Memorandum of Understanding (MoU) between the two’s during SBI delegation visit to South Korea headed by the Honorable Chief Minister from 17th to 28th May,2011.
SBI PRESENTS THE PROGRESS BEFORE THE HONORABLE CHIEF MINISTER, REGARDING EDUCATION. CITY ACT AT CM HOUSE, KARACHI
April 19, 2011
SBI in a meeting with the Honorable Chief Minister Sindh gave a briefing on progress on Master Planning and presentation on the draft on EC. Act on Tuesday the 19th April 2011 at CM House.
The Honorable CM Sindh, Syed Qaim Ali Shah presided the meeting. Mr. Mohammad Zubair Motiwala, Advisor to CM on Investment, Agha Siraj Durrani, Minister Local Government, Minister Law, Mohammad Ayaz Soomro, Chief Secretary Sindh, Abdus Subhan Memon, ACS P&D, Mohammad Ishaq Lashari, Mr. Younus Dagha, Secretary Investment/DG SBI, relevant Secretaries to the Government of Sindh, Other high level Government officials, and the stakeholders were present in the meeting.
At the outset the Honorable CM Sindh stated that Education City Project is the most promising project for the future with an objective of provision of advanced and quality education. He further stated that Government of Sindh is much keen to make fast progress on Education City Project and will also make available the necessary resources required for infrastructure development, the CM Sindh stated that in order to save the Education City land from encroachers, the Government is taking strict measures.
Mr. Mohammad Younus Dagha, Secretary Investment gave a detailed briefing on the silent features of the draft Education City Act 2011 and other aspects of the project. Mr. Yawar Jillani of Arcop gave a detailed presentation on various aspects of the Master Plan.
With a task to review overall progress of master planning of Education City and to prepare a draft for law department for vetting purpose, the CM Sindh also constituted a committee comprising of Law minister Sindh, Mr.Ayaz Soomro, Advisor to CM on Investment, Mr. Mohammad Zubair Motiwala, Chief Secretary Sindh, Mr Abdus Subhan Memon and Secretary Investment, Mr. Mohammad Younus Dagha.
April 16, 2011
A seminar of SEDF awareness was organized by SBI on 16th April, 2011 at IBA Sukkur auditorium to create awareness in the potential investors about the aims and objectives of Sindh Enterprise Development Fund established by the Government of Sindh with an investment of Rupees 750 million.
The Seminar was attended by more than 200 participants including DCO’s, EDO’s of different districts of Sindh, representatives of multinational firms, banks, business leaders and scholars. The key note speech was given by Mr. Nisar Ahmed Siddiqui, Director IBA Sukkur in which he threw lights over the contribution of IBA by providing quality education to the people of Sindh.
The seminar started with presentation by Mr. Mohammad Younus Dagha, Acting CEO of SEDF and Secretary Investment/ DG SBI. Mr. Mohammad Younus Dagha highlighted the objectives of SEDF, saying that SEDF is giving financial subsidy in the form of KIBOR(Karachi Interbank Offer Rate) on the Bank’s Loan being offered in priority sectors of Agro-processing, Dairy, Livestock, Poultry, Fisheries, Energy, Floriculture, Mining & Processing of Minerals. He informed that SEDF is providing technical assistance to potential investors in preparing feasibility reports & documentation for the application of Bank Loan. He added that SEDF provides 100% KIBOR subsidy on the capital cost & 50% KIBOR subsidy on the working capital of the project. He further elaborated the potential for the value addition, modern farming techniques, export potential in International Market, Halal Food & the projects which are currently under observation including Milking Parlor, Milk pasteurization plant & Environmental Controlled Poultry Farm.
The Director General Agriculture Mr. Waheed Shaikh gave presentation on the value addition and investment Oppurtunities in agriculture sector. The Chairman Chemi Group of Industries Mr. Usman Ghani Khatri informed the participants about the detail procedure of delinting of cottonseed. He further explained the machinery & equipment used for the whole process to delint the cottonseed and to get the edible oil.
More information about the horticulture export procedure & proceedings was being elaborated by General Manager- Pakistan Horticulture Development & Export Company (PHDEC) Mr. Razzaq Ahmed Malkana.
Presentation about the Investment opportunities and initiatives taken by District Government of Khairpur was given by EDO Khairpur Mr. Faisal Khokhar.He told the participants about the geographical importance of Khairpur district& main crops of Khairpur.He said that Khairpur is especially famous for producing export quality dates (almost 85% of the province’s dates are produced in Khairpur) which is undoubtedly is the largest crop of Khairpur District.
Mr. Inamullah Dharejo, DCO Sukkur highlighted the oasis of investment in Sukkur District. He said that Sukkur is a hub of many small and large scale industries in which cotton ginning industry, Rohri Cement Factory, Rice-husking, Kiran Sugar Mill, Continental Biscuits, Engro Foods (Olpers), Flour Mills, Beverages & Traditional Cottage Industry, boat making, thread weaving etc are prominent. He concluded his presentation by saying that Sukkur provides ideal investment opportunities, by providing open plots available in S.I.T.E. on affordable rates, technical & Semi-skilled labour force.
The closing session was addressed by the Honorable Chairman SEDF and Advisor to CM on Investment, Mr. Mohammad Zubair Motiwala. He urged to resolve the problems faced by new investors and reaffirmed the Government’s commitment to boost economic activities in the province.
Mr. Younus Dagha also replied in detail to the questions asked by the participants.
March 25, 2011
The Deputy High Commissioner for UK, Mr. Robert W. Gibson on completion of his assignment in Pakistan, paid a farewell visit to Sindh Board of Investment on 25th March, 2011. Mr. Zubair Motiwala and Mr. Mohammad Younus Dagha received Mr. Gibson in SBI’s office at FTC.
The Advisor to CM Sindh on Investment Mr. Mohammad Zubair Motiwala appreciated Mr. Gibson’s role during his tenure in Pakistan and desired to further strengthen the friendly relations between Pakistan and UK governments especially in the fields of Education and Energy.
THE HONORABLE CHIEF MINISTER SINDH INAUGURATED INTERNATIONAL HALAL CONFERENCE ORGANIZED BY SINDH BOARD OF INVESTMENT
March 22, 2011
Sindh Board of Investment in collaboration with Halal industry Development Corporation (HDC) of Malaysia organized an International Halal Conference on 22nd of March’2011 and two fellow sessions on 23rd March, 2011 at local hotel in Karachi.
The Honorable CM Sindh Syed Qaim Ali Shah inaugurated the conference. CM Sindh applauded the efforts of Sindh Board of Investment for bringing awareness of the fast growing trillion dollar global Halal Industry. He further stated that this conference would take ahead the province and country towards higher international trade and industry and value addition industry.
The Advisor to Chief Minister Sindh on Investment, Mr. Mohammad Zubair Motiwala said that the conference was a manifestation of commitment of both SBI and HDC to successfully implement the memorandum of understanding (MoU) signed between SBI and HDC on 1st December, 2010 at Kuala Lampur, Malaysia for the development of Halal Sector in Pakistan. HDC is a Malaysian Agency responsible for promotion of Halal industry in Malaysia. He said that very soon HDC will be training Pakistan’s institutions in Halal certification and registration we will be able to start certification of Halal products in the next couple of months.
The Secretary Investment/ Director General Sindh Board of Investment, Mr. Mohammad Younus Dagha in his presentation highlighted that Malaysia was one of the key players in global Halal Sectors and Pakistan would be one of those few Muslim countries which would have a legal structure to develop Halal industry and play due role in the trillion dollar Halal market which continuous to grow. Certification of Halal products will begin by the end of the year in Sindh with the help HDC of Malaysia, He said that SBI with assistance of HDC was also working on a proposal to develop a Halal Park with infrastructure to facilitate growth of Halal industry.The Malaysian delegation was led by chairman HDC, Tan Sri Dato, CEO HDC Seri Jamil Bidin, Dr Syed Jalal-ud-din Syed Salim and other senior officials of HDC.The Malaysian delegation were optimistic of their alliance with SBI for Halal industry promotion.Two follow up sessions discussing future course of action for regular framework and trade in Halal sector were also held on next day of seminar. The two days event received a very positive feedback from local business community as it provided a good opportunity for brain storming and consultation between the government officials, local businessmen and the Malaysian delegation. The Conference was widely attended by Foreign diplomats, Provincial and Federal Government officials and local businessmen.
IT CITY TO BE ANOTHER VALUE ADDITION TO THE MEGA EDUCATION CITY PROJECT; STATED MINISTER IT MR. RAZA HAROON ON HIS VISIT TO SBI
March 16, 2011
A meeting was held in the office of Sindh Board of Investment on 16th March 2011 regarding Master Planning of IT City and Education city Project. Minister Information Technology Mr. Raza Haroon & Minister Environment and Alternate Energy, Mr. Sheikh Mohammad Afzal attended the meeting at the office of SBI. The other participants included Mr. Mohammad Zubair Motiwala, Advisor to CM on Investment, Mr. Mohammad Younus Dagha Secretary Investment department, Mr. Misbah-ud-din Fareed, MD Karachi water supply and Sewerage Board and other government officials.
Minister IT, Mr. Raza Haroon shared his views with the forum and stated that Education City is a mega project and IT Ministry is working on the project of IT City which will be located in the Education City. He further stated that this project will help to generate thousands of employments right from the construction phase. Mr. Raza Haroon appreciated SBI’s role & initiatives in different sectors of economy.
Mr. Motiwala welcomed the vision of Mr. Raza Haroon and endorsed IT City Project and ensured to collaborate on every level. He said that investing in education today will benefit generations to come in shape of a classic Education City. Mr Motiwala further stated that SBI’s vision is to establish an entire unique zone focusing quality education along with the provision of other recreational facilities including Art Galleries, Green Houses, Play grounds, Restaurants for students and many others to make it an environment friendly place as well.
Different matters related to Power supply and Alternate means of transportation to the Education City were also discussed in the meeting.
SWISS CONSUL GENERAL AND REPRESENTATIVES OF MANAGING COMMITTEE OF SWISS BUSINESS COUNCIL VISITED SBI
March 15, 2011
Swiss Business Council (SBC) will organize a Pakistani trade delegation to visit Switzerland on Mid of May this year to promote trade with Pakistan.
Representatives of Managing Committee of Swiss Business Council Dr. Ahmad Faraz MD Roche Pakistan Limited, Syed F Mazhar Managing Director SGS, Mr. K.M Iqbal Director Al-Ameen, and Mr. Fletcher P.Albert Office Manager visited Sindh Board of Investment. The Delegation was headed by Swiss Councul General, Mr Didier Boschung. The meeting was chaired by Mr. Mohammad Zubair Motiwala Advisor to CM Sindh on Investment.
Ways to enhance bilateral trade between the countries were discussed in the meeting. The delegation invited SBI to join the Pakistani trade delegation visiting Switzerland to showcase economic opportunities Mr. Motiwala appreciated Swiss government’s initiatives and assured support to the Pakistani trade delegation to make the event successful.
SBI CALLS MEETING WITH REPRESENTATIVES OF CHAMBERS AND ASSOCIATIONS REGARDING TRADE DELEGATION TO KOREA FOR THE PROMOTION OF INVESTMENT AND BUSINESS OPPORTUNITIES
February 22, 2011
Representatives of chambers and Associations visited Sindh Board of Investment. The meeting was called on by SBI regarding SBI’s trade delegation visiting to Korea, China and UAE, expected in coming months, for the promotion of business and investment across the border. The meeting was chaired by Advisor to CM on Investment, Mr. Muhammad Zubair Motiwala. Secretary Investment/DG SBI, Mr. Mohammad Younus Dagha also attended the meeting.
The Advisor to Chief Minister on Investment briefed the participants that Korea was organizing an overseas Investment Conference on 19th May’ 2011 in Korea in which 90 countries across the globe were participating to explore new market for promotion of their products. It was worthy to state that those 300 Korean companies were participating in the conferences who were interested in overseas investment. Mr Motiwala told that this was an excellent opportunity for Pakistani businessmen. He requested all interested associations and chambers to nominate their members in various sectors to be a part of the delegations visiting Korea and the other countries.
Mr. Motiwala stressed the fact that the Sindh province was rich with untapped resources and Korea was a cash rich economy. It would be a great accomplishment if we could establish contacts in Korean market so that this venture wills paved the way for exploring new partnerships. The composition of delegation would be diverse as SBI intended to approach every sector for a broad based representation from the Province.
SBI AND AKU LEADERSHIP ACCOMPANIED BY MR. SHAUKAT TAREEN AND AMIN HASHWANI REVIEW PROGRESS ON AKU CAMPUS IN EDUCATION CITY
February 22, 2011
A meeting in the Board room of Sindh Board of Investment was called on the request of President Mr. Feroze Rasul to address AKU’s concerns regarding matters of time line, short leases, EC Act, Master Planning and Lease conditions of the project.
The AKU delegation included President, Mr. Feroze Rasul, Mr Karim Nurmuhammad, Mr Amin Jivraj and Syed Shahab Akhtar accompanied by Mr. Shaukat Tareen and Mr. Amin Hashwani.
Mr. Muhammad Zubair Motiwala and Mr. Mohammad Younus Dagha welcomed the AKU leadership and expressed gratitude to Mr. Shaukat Tareen and Mr. Amin Hashwani for joining the discussion. Mr Motiwala deliberated in detailed on each and every concern of the AKU. He informed that SBI appreciated AKU’s seriousness for the project. Mr Motiwala gave a brief and inclusive presentation to the worthy participants regarding conditions and challenges faced by SBI since the time of takeover till present and also presented before the participants about SBI’s and GOS’s role and efforts to make this mega project a reality for the coming generations.
The participants, in particular Mr. Shaukat Tareen appreciated the efforts of SBI. He suggested various actions on the part of SBI and AKU which would help take the project forward. A committee was formed to meet regularly to overcome hurdles, whenever encountered. The Committee comparised of Mr. Mohammad Younus Dagha, Secretary Investment, Mr. Mehboob-ul-Haq, Director Projects SBI, Mr. Karin Nurmuhammad and Mr. Shaukat Tareen.
MINISTER ENVIRONMENT & ALTERNATE ENERGY CHAIRED THE MEETING WITH USAID REGARDING 150 MW WIND POWER PROJECT
February 19, 2011
A USAID team headed by Mr. Chris Hanson, Senior Advisor Infrastructure Investment visited Sindh Board of Investment here on Saturday the 19th February 2011 in the office of Sindh Board of Investment. The meeting was chaired jointly by Minister Environment & Alternate Energy, Mr Sheikh Afzal and Advisor to CM on Investment, Mr Muhammad Zubair Motiwala.
The meeting was held in continuation of the Statement of Intentions signed between Government of Pakistan , USAID, AES (Pvt) Ltd ( a US based Company)and OPIC for setting up of 150 MW Wind Power Project in the Gharo , Jhimpir wind corridor.
USAID team also included Mr. Arif Pervaiz, Development Assistance Advisor, Ms. Sarah Pervaiz, Economic Growth Specialist and Mr. Saeed Anwar, Senior Programme Manager & Chief of Staff. Secretary Investment Mr. Mohammad Younus Dagha, Secretary Environment and Alternate Energy Mr Ali Hussain, and Dr.Hafeez Sial, EDO Revenue Thatta, Mr Sheeraz Anwar Khan of AEDB also attended the meeting.
The USAID requested for a compact piece of land for the inception of 150 MW Wind Project and briefed the forum regarding this project between Government of Pakistan, USAID and AES. Secretary Investment told that AEDB has already earmarked 1161 acres of land for 150 MW for USAID/ AES project and another 1500 acres in the same locality has been identified by EDO (Revenue) Thatta, member (LU). He further informed that AEDB and Revenue officials of Thatta will carried out a survey for the identification of more available sites in 10 days which will be further shared with USAID consultants for the final selection of land. Mr. Chris also requested for provisions of map of available sites which was agreed by SBI.
Mr. Motiwala asked for the time frame for the materialization of the project, at this Mr. Chris informed that USAID had arranged all the required funds and technical assistance. He said that the project could be commissioned within 18-24 months after handing over of the land.
February 17, 2011
The Korean Consul General Mr. In-Ki Lee, along with Mr. Young-Hwa Jung, Director KOTRA (Korea Trade- Investment Promotion) and Mr. Muhammad Rehan Hashmi, General Manager Korea Business centre, Karachi visited Sindh Board of Investment.
The meeting was jointly chaired by Advisor to CM on Investment, Mr. Mohammad Zubair Motiwala, Secretary Investment; Mr. Mohammad Younus Dagha was also present. The agenda of the meeting was to discuss roadmap for the exchange of Investment delegation between Republic of Korea and Sindh Government.
His Excellency Mr. In-Ki Lee informed that an overseas investment Conference is being held in Korea on 19th May’ 2011 in which 90 countries are participating and may present investment opportunities available in their countries to 300 Korean companies and Business community, since these 300 companies have already shown interest in investment outside the Korea.
The Director KOTRA, Mr. Jung commented on the sectors as identified by Sindh Board of Investment and told that Korea was looking for Mines and Minerals and IT Sector as well as they have high potential of investment in these sectors. Mr. Motiwala informed the delegation that Textile sector of Pakistan also had a potential for investment as Pakistani fabric was exported across the world due to its world class quality. He briefed the forum that Sindh was naturally blessed with opportunities in Agriculture, Horticulture, Mining, Solar and Hydel Energy and SBI was creating awareness among investors and Business communities to avail these opportunities. SBI also requested Director KOTRA to provide access to the contacts of 300 Korean companies attending conference so that SBI would identify areas and sectors to be targeted during visit to Korea.
February 8, 2011
The Livestock, Dairy, Fisheries and Poultry Exhibition and Seminar (LDF 2011) organized by Sindh Board of Investment in collaboration with Livestock Department, Government of Sinsdh at Karachi Expo Centre on 7th & 8th February 2011.
Secretary Investment and Director General SBI, Mohammad Younus Dagha said SBI was successful in bringing thousands of local and international investors under one roof, which is very encouraging for the Sindh Government. He added that the livestock sector attracted attention of many local investors who want to diversify their investments and SBI gives immense importance to investors who have all the required capabilities to diversify their investments and set up new business ventures.
Sindh Chief Minister, Syed Qaim Ali Shah, while inaugurating the two-day exhibition and seminar, said that the government wants to encourage investment in livestock, poultry, fisheries and other similar sectors to fully utilize the growth potential of the province. He said that Sindh has a big agricultural sector and besides food items, it is famous for prominent breeds of cattle and dairy farming. The province also has a long coastal belt.
The seminar organized on the first day of the event consisted of a series of presentations and speeches highlighting the potential of Livestock, Dairy, Fisheries and Poultry sectors for international and local investment. Experts also delivered speeches urging the investors with huge opportunities in these sectors.
A Memorandum of Understanding (MoU) was also signed in the Seminar for attracting investment in non-traditional sectors of the economy. The MoU was signed by 15 leading banks, DFIs, insurance companies and State Bank of Pakistan and government entities – Sindh Board of Investment (SBI), Agriculture, Livestock and Fisheries Departments. Sindh Minister for Livestock, Mr. Abid Hussain Jatoi, Fisheries Minister, Mr. Zahid Ali Bhurgari and CM Adviser on Investment, Mr. Zubair Motiwala witnessed the signing.
SBI has also organized a “Horse and Cattle Show”, besides, dancing show of camels for the first time in the history of Karachi to promote local culture and provide positive entertainment to the peoples of Karachi. Sindh Minister for Livestock Mir Abid Jatoi presented winning trophies to the owners of beautifully decorated high breed cows, buffaloes and goats at the close of show.
According to survey, the exhibitors received orders worth Rs 400 million during two days for supply of livestock, poultry and technology from local and foreign buyers. Furthermore, local and foreign investors have shown keen interest in making investment in livestock, dairy, fisheries and poultry sectors.
Speaking on the occasion, the Advisor to CM on Investment, Mr. Zubair Motiwala said that the exhibition provided an opportunity to all stakeholders to exchange and learn from their experiences under one roof to promote these sectors.
In the end, Secretary Investment. Mr. Younus Dagha said that SBI will continue to hold exhibitions in future to provide investment opportunities to potential investors.
SBI FORMED INVESTMENT CONSULTATIVE GROUP WITH COLLABORATION OF 18 DIFFERENT BANKS AND FINANCIAL INSTITUTIONS
February 7, 2011
Sindh Board of Investment formalized the formation of Investment Consultative Group by signing a Memorandum of Understanding (MoU) at the occasion of First ever Livestock Dairy and Fisheries Exhibition organized by SBI on 7th and 8th of February’2011 at Expo Centre, Karachi.
The MoU was signed among 18 different Banks, Financial Institutions Government Departments and SBI. The aim of the formulation of Consultative Group is a commitment to work together effectively to boost investment in different sectors including Agri-Processing, Mining Processing, Livestock, Dairy, Fisheries, Poultry and Halal industry.
The signatories include State Bank, United Bank, Bank Alfalah, Standard Chartered Bank, Faisal Bank, Askari Bank, Invest Bank, Al- Baraka Bank, Khushali Bank, Pak-Brunei Investment Company, Pak-Kuwait Investment Company, Pak-Kuwait Investment Company, Pak-China Investment Company, Adamjee Insurance Company, EFU General Insurance Company, Livestock and Fisheries Department, Executives of Agriculture Department Public Private Partnership unit and SBI.
At this land mark ceremony, The Honorable Chief Minister Sindh, Syed Qaim Ali Shah expressed that there was a vast potential of investment available in the Province and the Government was making all efforts together to facilitate investors to promote investment in Sindh. He also expressed the hope that the seminar and exhibition would help increase production of livestock, Poultry and fisheries products and lauded SBI’s effort to bring awareness among local and foreign investors and general community regarding immense potentials of Sindh.
Advisor to CM on Investment Mr. Muhammad Zubair Motiwala appreciated the idea of the Investment Group by Secretary Investment Mr. Mohammad Younus Dagha.
February 4, 2011
The first meeting of the Board of Sindh Enterprise Development Fund was held on 4th’Feb’2011 in the Board room of Sindh Board of Investment, Karachi.
The meeting was chaired by Mr. Mohammad Zubair Motiwala Advisor to CM on Investment/ Chairman Steering Committee SEDF. The others who were present are Mr. Qaiser Bengali, Advisor Planning and Development Department, Mr. Mohammad Younus Dagha , Secretary Investment , Mr. Laiq Ahmed Memon, Secretary Livestock and Fisheries Department, Ms Naheed S. Durrani, Secretary Literacy and Education Department, Dr. Noor-ul-Haq , Secretary Planning and Development Department, Mr. Mehboob-ul-Haq , Director Projects SBI Mr. Syed Farrukh Habib, Additional Secretary to the Government of Sindh, Mr. Aijaz Ahmed Mahesar, Planning and Development Department, Mr. Younus Sandeela, Consultant Agriculture Department , Ms Shahida Qaiser Chief Investment Officier of TDAP, Mr. Saqib Siddiqui Finance Manager, CSF, Mr. Usman Ghani Khatri, Chairman Chemi Group of Industries, Mr. Shunail Qureshi CEO AL-Abbas Sugar Mill, Mr. Abbas Akbar Ali, CEO Amerli Steel Pvt Ltd and Mr. Mansoor Ali, Project Manager SDF.
SDF is now registered as Sindh Enterprise Development Fund (SEDF) under section 42 of company ordinance with a view to maximize and fully utilize the competitive advantage of Sindh through initiatives in enterprise grants, credits assistance and subsidization, technical assistance, entrepreneurship and infrastructure development in the sectors of Agriculture (including agribusiness, horticulture and floriculture) , livestock and Dairy products, fisheries and related coastal activities, mining and processing of minerals (including stones).
The main agenda was to discuss and seek suggestions and mechanisms for the newly incorporated board. The Board decided that no time should be wasted to transfer the assets and funds to SEDF, banking accounts will be maintained in the same banks as those banks were selected after completing due diligence and following laid down criteria for selecting banks by the Government of Sindh Mr. Mohammad Younus Dagha, Secretary Investment Department was requested by the board to work as acting CEO of the board till the appointment of a full time CEO.
The following sub-committees have been notified: Appraisal and evaluation sub-committee which comparised of Mr. Mehmood Nawaz Shah, Mr. Huzair Soomro, Mr. Usman Ghani Khatri, Relevant Secretary to the Government of Sindh depending on the nature of application and HR sub-committee comparised of Mr. Mohammad Zubair Motiwala, Advisor to CM, Mr. Mohammad Younus Dagha, Secretary Investment Department and Mr. Abbas Akber Ali, CEO Amerli Steel Pvt Ltd.
A DELEGATION LED BY MR.MOHAMMAD ZUBAIR MOTIWALA AND MR. YOUNUS DAGHA VISITED TURKEY TO DISCUSS ISSUE OF ANTI DUMPING DUTY ON TEXTILE SECTOR
January 26, 2011
A Pakistani delegation led by Mr. Mohammad Zubair Motiwala , Advisor to CM Sindh on Investment along with Mr. Younus Dagha and prominent businessmen, Khalid Feroze, Ebrahim Qasim, Abdullah Elahi and Maqbool Elahi visited Turkey.
The Delegation met with Mr. Burhan Kaya Turk MNA from Ankara and who is also Chairman of Turk-Pakistan inter parliamentary group as well as Mr. Cemalettin Damalci, The Turkish Government’s Secretary for Foreign Trade. The delegation raised the issue of Anti-Dumping duty which was proposed to be imposed on Textile fabric from six different countries including Pakistan. The Pakistani delegation briefed the Turkish authorities that by imposing anti-dumping duty only large cash-rich economies would benefit at the cost of the poor economies.
The delegation sensitized Turkish authorities that Pakistani fabric can not be subjected to such duties due to the reasons that Pakistani exporters were not involved in anti-dumping of these products; Such measures would also harm Turkish value addition industry which was based on Pakistani fabric, and that such measures would adversely affect Pakistan’s economy and would raise rate of unemployment in Pakistan.
The Turkish authorities appreciated the points raised by Pakistani delegation and assured them that it was only an investigation phase which might take 8-9 months before it was finalized. They also ensured that Turkey would not take any measure or step which would harm Pak-Turk brotherly ties.
Both the countries also discussed different prospects of possible joint ventures and to promote trade relations between the two brother nations. It was decided that delegations will be exchanged between both the sides in the near future.
‘ Mr. Motiwala also expressed Pakistan’s government gratitude to the Turkish people and the Government for their efforts to help the recent flood effectees of Pakistan.
December 11, 2010
Foundation Stone Laying ceremony of Karachi Education City was held on 11 December 2010 at Chief Minister House Karachi, which was widely attended by Provincial Ministers, Faculty heads of Leading Institutions of the country, diplomatic Corp, State Ministers and Media Persons. Spreading over an area of 9,000 acres in Deh Chuhar Karachi, The Project aims to provide centre of excellence which will bring together the best intellect both locally and from abroad as well to provide environment Conducive to learning.
Mr. Younus Dagha – DG SBI, highlighted the objectives of Karachi Education City, Transforming Sindh into a competitive and knowledge-based economy capable of sustainable economic growth with more and better job opportunities through access to world class education. He also shared some of the achievements of SBI regarding Education City project. He further added that the SBI is also working on providing a forum to share ideas, concepts and identify new business areas besides providing Public Private Partnership models.
Mr. Zubair Motiwala – Vice Chairman, SBI and Advisor to CM Sindh on Investment, in his speech, said that he feel privileged to be the part of Education City Project which is a hallmark of the present Government under the dynamic leadership of the Chief Minister Sindh, Syed Qaim Ali Shah. It is his commitment to empower the youth with knowledge and skills. Today we lay the foundation stone of creating a hub of excellence with world class infrastructure and institutions making investment in our valuable Human Resources.
Mr. Alex Krieger, Dean Harvard University, highlighted the key features of Master Planning, layout design and their previous works done in carrying out Master Planning exercise in different cities, worldwide.
Pir. Mazhar ul Haq, Senior Minister for Education & Literacy, during his speech, emphasized over importance of education and establishment of this education city which would certainly led Pakistan to be the regional hub for quality education.
CM Sindh at the end laid the foundation stone of Administrative Enclave of Karachi Education City Project.
SBI ACHIEVED A HISTORIC MILESTONE IN ITS PROGRESS TOWARDS DEVELOPMENT OF HALAL SECTOR BY SIGNING A MOU WITH MALAYSIAN HALAL AUTHORITY
December 2, 2010
Sindh Board of Investment (SBI) achieved a historic milestone in its progress towards development of Halal sector in Pakistan by signing a Memorandum of Understanding with Halal Industry Development Corporation (HDC) which is the premier agency for development of Halal Industry in Malaysia.
The MOU was signed on Wednesday the 1st of December 2010 in HDC’s Kuala Lumpur office between Mr. Mohammad Younus Dagha, Secretary Investment Department/DG SBI and Dato’ Seri Jamil Bidin, the Chairman / CEO of HDC. It was witnessed by Mr. Zubair Motiwala, Advisor to CM Sindh on Investment and Mr. Masood Khalid, the High Commissioner of Pakistan for Malaysia besides the officials of HDC.
Malaysia is one of the key players in Global Halal sector, the others being Australia, Brazil, Thailand, India, etc. with China, France and Japan having plans to enter soon. Pakistan will be one of those few Muslim countries who are planning to develop Halal Industry to cater for the huge global Halal Market which is growing at a very fast pace.
Dato’ Seri Jamil Bibin, CEO of HDC speaking on the occasion stated that the great potential of global Halal Market provides various opportunities for collaboration between the two brotherly countries and the initiative taken by the Sindh Board of Investment will pave way for development of this industry in Pakistan. He said that HDC will provide all assistance for development of regulatory framework, establishment of Halal Parks (designated industrial areas) and training of entrepreneurs, auditors and functionaries in pursuance of the MOU signed. He also pointed out the potential of business to business joint ventures for Halal industry in both the countries.
Mr. Masood Khalid, Pakistan’s High Commissioner thanked HDC for responding positively to the proposal of cooperation with SBI. He mentioned that there was immense potential in the food and agriculture sectors of Pakistan’s economy which can supplement the growth of Malaysia’s Halal Industry. He assured the active pursuance by Pakistan’s High Commission to ensure a fast track for implementation of the MOU.
Mr. Zubair Motiwala, in his address on the occasion stated that SBI was keen to work out the detailed implementation plan to ensure that the MOU meets the aspirations of both the parties to play their due roles in development of Halal Industry. He pointed out that SBI has a futuristic vision for development of this important and growing sector in Pakistan’s economy. He assured HDC on behalf of the Government of Sindh and Federal Government that all infrastructural and administrative support will be provided in pursuance of the MOU. He stated that the keenness of both the brotherly states for collaboration will benefit the citizens of both the countries and the entire muslim ummah by facilitating their access to Halal products.
A working group comprising of Mr. Mohammad Younus Dagha from SBI and Mr. Farid Z. Hamid, Vice President of HDC was formed to work out modalities and work plan for the implementation of MOU.
Later the delegation comprising Mr Zubair Motiwala, Advisor to CM Sindh, Mr. Mohammad Younus Dagha, Secretary Investment and Mr. Wajihullah Kundi, Commercial Counsellor of Pakistan in Malaysia visited and got briefing from the Halal Hub Division in the Department of Islamic Development on certification and regulatory framework of the Government of Malaysia for Halal Industry. The delegation also visited Halal Park at Port Kling Free Zone and got briefing from the Zone operators.
November 23, 2010
SBI achieved another milestone by establishing an IT Consultative Group comprising of key IT players of the country to collectively formulate stratagies for future initiatives to promote investment and employment opportunities in IT Sector in the province of Sindh.
The first meeting of this group was held in the office of Sindh Board of Investment on 23rd’ Nov’2010 and was chaired by Secretary Investment/DG SBI, Mr. Mohammad Younus Dagha.
The participants included Mr. Humayun Bashir, CEO IBM Pakistan. Mr. Ashraf Kapadia, MD Systems Limited, Ms Jahan Ara, President PASHA, Syed Azhar Afaq Rizvi, VC MIT Enterprise Forum of Pakistan, Mr. Naveed Siraj, Country Manager INTEL Pakistan, Mr. Mohammad Kabir Farrouqi, Mr. Farhan Ibrahim, Oracle and officers of SBI.
Mr. Younus Dagha informed the participants about possibilities of potential growth of IT industry in Sindh. He also told the forum that government of Sindh was keen to invest in IT sector’s infrastructure development which was need of the hour. He further informed of the interest shown by the foreign and local investors in this sector of the economy.
The participants expressed their support to Sindh government for its serious initiatives for the promotion of IT industry. They were of the view that IT sector had immense potential to contribute to province economy if assistance was provided by government, particularly through infrastructure development.
Secretary Investment assured the forum that the Government of Sindh intended to gather all stakeholders at a single platform to uplift IT Sector and SBI’s aim behind formulation of Consultative Group was to help in collectively charting the future strategy for the development and advancement of this sector on a more globally competitive footing.
November 23, 2010
A Slovenian delegation met Advisor to CM on Investment, Mr. Muhammad Zubair Motiwala and Secretary Investment, Mr. Mohammad Younus Dagha in the office of Sindh Board of Investment. The delegation was headed by Dr. ZORAN STAMATOVSKI, Head of Foreign Investment. The delegation included Mr. VLADIMIR KRECAN, Chief Executive Turbo Institute, Mr. IVOKRECA, Managing Director KIV Group, Mr. UROS MIKOS, Managing Director IBE Company and Mr. PETER NOVAK, Dean University of Slovenia.
Secretary Environment and Alternate Energy, Mir Hussain Ali, Additional Secretary Irrigation , Mr. Saeed Ahmed Mehar, Senior Consultant, Aijaz Nabi Abbas, Executive District Officier Enterprises and Investment CDGK, Mr. Tahir Jamil Durrani, Chief Engineer Karachi Water and Sewerage Board, Saleem Siddiqui, District Officier Muncipal Services, Director Projects , Al- Tuwairiqui Steel Mills, Mr. Zaigham Adil Rizvi.
The Slovenians has offered Sindh Government to help generate power from solid waste. It was informed that around 150 MW could be produced through estimated 8-10 thousand tons of solid waste being generated in the city daily. It was told that energy plants could be installed at land filled sites.
SBI also discussed the idea of inception /setting up of small Hydel power projects at Nara and Rohri canal and it was discussed that Slovenian experts with the cooperation of irrigation department will prepare a feasibility report for these projects, which will be conducted for financing by M/s Al-Tuwairiqi Steel Mills Limited. Two Mou’s signed in the office of SBI between M/s Al-Tuwairiqi and Two Slovenian incorporated firms namely M/s IBE & M/s TURBOINSTITUTE to collectivelywork on small Hydel power plants and infrastructure development of Hydro Power in Pakistan.
November 12, 2010
With the Task of establishment of Mass Transit Programme for Education City project, a meeting was held with the experts of Japan International Cooperation Agency (JICA) in the office of Sindh Board of Investment at Karachi, under the Chairmanship of Advisor to CM Sindh on Investment, Mr. Mohammad Zubair Motiwala. The meeting was co-chaired by Secretary Investment, Mr. Mohammad Younus Dagha and was attended by DG Mass Transit Programme Karachi, Station facility expert Mr. Hiroyasu Kudo, Deputy team leader Mr. Naoki Yamaguchi, Mr.Toshiaki Hori, Mr. Yusuke Harada and project coordinator of JICA , Dr. Abdul Wahab memon.
In the meeting different aspects of connectivity of Education City with the transport system of Karachi were discussed. Also different aspects of extending Mass Transit programme with Japan Special Economic Zone and other future projects were also brought under discussion.
Mr.Motiwala said that Education City is the project for the coming generations and all facilities will be ensured with effective and well coordinated master planning.
November 7, 2010
Sindh Board of Investment received a Russian delegation headed by Chief Executive, Mr. OLEG GORBULIN. The meeting was chaired by Advisor to CM, Mr. Muhammad Zubair Motiwala and Secretary Investment Mr. Mohammad Younus Dagha and DG, BOI Ms Nasreen Ali also attended the meeting.
The Russian delegation comparised of Mr. OLEG GORBULIN, Chief Executive Russian Investment Agency, the Russian Consul General in Karachi Mr. ANDREY V DEMIDOV, Head of Trade Commission of Russia in Karachi Mr. SERGEY PLYSHCHOV and other Russian representatives.
SBI briefed the participants about potential and diversity of Investment in different sectors of economy including Energy, Livestock, and Fisheries, Engineering, Medicine and a documentary screened for the participants, highlighting the vast potential of the Province.
The Russian delegation showed keen interest in Gas, Mining, Agri-Sector, Livestock, Engineering, Medicine and other sectors. Russian delegation told that a delegation of Russian investors was planning to visit Karachi and Islamabad to explore investment opportunities in Pakistan. The delegation showed interest for reserving a Russian Block in Special Economic Zone as well, which was welcomed by SBI.
November 2, 2010
The Agreement for Master Planning of 9,000 acres land of Education City has been signed between SBI, Government of Sindh and ARCOP (Architect Consortium Firm Pvt. Ltd). The deed which is a major milestone was signed by Mr. Younus Dagha, Secretary Investment, Government of Sindh and Mr. Yawar Jilani representative of ARCOP on November 2, 2010 at the office of SBI located in Finance and Trade centre, Karachi. The task of Master Planning will be completed in 7 months with the budget estimate of 8 crores.
Mr. Mohammad Zubair Motiwala, Advisor to CM Sindh on Investment while addressing at the event said that with the signing of Master Planning agreement the project has been put on fast track and the Sindh Government will facilitate international universities to establish their campuses in Education City. He further said that Education city will be a centre of excellence for modern Education and will boost standards of Higher Education in Pakistan as Government of Sindh is providing facilitation to all the stakeholders in every possible manner.
The representatives of ARCOP told the participants that ARCOP has created a consortium of renowned international experts headed by Mr. Alex Krieger head of Urban Designs at Harward University and also includes Mr. Arif Hassan, the prominent urban planner of the country.
ECC approved a highly attractive package for development of Thar Coal resources for electricity generation
October 15, 2010
ECC approved a highly attractive package for the development of Thar Coal resources for electricity generation.
In this regard, a meeting of ECC was held on 15th October, 2010, under the chairmanship of Finance Minister, which approved the incentives package including declaration of Thar coal Field as special Economic Zone and projects of Thar development as Projects of National Security; a 20% (US dollar based) IRR for projects achieving financial close by 31st Dec, 2015; and many more incentives available for investment.
September 16, 2010
A meeting of the stake holders of the Education City was held on 16th Sept, 2010, to discuss progress of various education institutions being pursued there under the joint chairmanship of Mr. Muhammad Zubair Motiwala, Advisor to CM on Investment and Mr. Muhammad Younus Dagha, Secretary Investment Sindh.
The meeting was attended by Mr. Nisar Hassanally Effendi – President Sindh Madressah Board, Professor Dr. Masood Hameed Khan – Vice Chancellor DOW University of Health Sciences, Brigadier Retired Raheel Hafeez Sehgal of Habib University Foundation, Mr. Shafiq-ur-Rehman Masson from SZABIST, Dr. M Suleman Sheikh – Secretary Board of Trustees SZABIST, Mr. Ghayasuddin of SSUET , Syed Gouhar Husain of SIUT, Mr. Feroze Alam, Mr. Raheel Sehgal, and Mr.Zahid Ameen from Saleem Habib Education Foundation, and Additional Secretary Health Dr. Manzoor Alam Halepoto and Director Projects, SBI.
Mr. Muhammad Zubair Motiwala informed the meeting that Master Planning of the said project will be completed in 6 months and the Government has allocated Rs 1 billion in the current budget. He further stated that as soon as master planning would be completed, the task of infrastructure development will be initiated on fast track basis.
He also informed that Education City act will soon be presented in the Assembly for setting up its governance structure which is at present been discuss with stakeholders. He informed that all necessary measures including Security will be considered for successful implementation of the project.
Korean Government to install 750 KW Demo Wind Turbine under the East Asian Climate Change Partnership Project
August 26, 2010
The Government of Korea in order to promote renewable energy in east Asian countries under the East Asian Climate Change Partnership project fund, has introduced East Asia climate change project .They intend to setup a demo Wind Turbine for which Hawks bay and Jhimpir areas have been identified.
A four member delegation visited jhimpir hawks bay and other locations for selection of site to install wind turbine.
Mr. Mohammad Younus Dagha, Secretary Investment welcomed the delegates and the Alternate Energy Development Board AEDB team at his office and assured them that Government of Sindh will provide all possible support for allotment of land for the project. He further stated that energy produced from these demo sites will be utilized for supply of electricity to the surrounding villages so that instant benefits are passed on to the local community.
Discussing the role of AEDB, he urged more projects in the renewable energy sector in view of the immense potential in the province of Sindh.
The Korean delegation said that such projects will boost the bilateral economic relation between the two countries and broaden the scope of activities.
August 11, 2010
Sindh board of investment (SBI) signed MoU with Malaysian Government for the establishment of Halal food Industry in Sindh, on 11th August’2010 in Karachi.
Secretary SBI, Mohammad Younus Dagha and Malaysia’s State Minister for Religious Affairs and local consumer Abdul Malik signed the Understanding on the part of Penang International Halal Hub.
Under the MoU, Malaysia will invest in technical facilities in Sindh to run the system of Halal Certification, Food Research Development Centers and establishment of Halal Park, near Karachi as joint facility for Malaysian and Pakistani investors
While speaking to the ceremony Mr. Muhammad Zubair Motiwala Advisor to the CM Sindh on Investment highlighted the growth rate of Halal Industries in terms of technology and size that has reached up to 1 Trillion Dollars, which is remarkable.
Mr. Abdul Malik Kassim the state minister for religious affairs assured full fledge Malaysian support to Pakistan for the development of Halal Industry, he further said that the initiative taken by both sides is commendable and paved way towards better growth and contemporary imaginations.
At the end representatives of both Sindh and Malaysian Governments showed willingness of future cooperation for further strengthening of Islamic brotherhood.
August 11, 2010
The Secretary Investment/DG Sindh Board of Investment (SBI), Mr. Mohammad Younus Dagha meet the representatives of Chinese Company M/s China National Machinery IMP. & EXP. CORP, on Tuesday 11th August, 2010 in SBI office, Karachi. The Company is working on Pakistan Sonda-Jherruk Coal Mine & power generation plant project in District Thatta.
A detail session was held on highlighting of potential areas of investment in sindh by the Secretary Investment. Mr. Dagha also recommend the representatives of Chinese Company for providing SBI with brief description of interested projects, and also ensure to facilitate them in future ventures.
August 1, 2010
The 2nd Dates Exhibition and Seminar at Khairpur (DESK 2010) is a major initiative of the District Government – Khairpur, Sindh Board of Investment and Agriculture Department to showcase the potential of District Khairpur in the province as an ideal destination for investment in dates processing and value added export industry. The seminar and exhibition were inaugurated by Chief Minister Sindh, Mr. Syed Qaim Ali Shah.
A welcome address was given by the DCO Khairpur, Mr. Abbas Baloch.
Secretary Investment, Mr. Mohammad Younus Dagha introduced Sindh Board of Investment (SBI) and explained various initiatives taken by SBI to develop the Dates crop along modern lines. He informed that Sindh Board of Investment in collaboration with District Government – Khairpur have formed a Core Consultative Group on Dates which makes recommendations with regards to technological interventions that can be introduced in the Dates sector keeping in view local conditions.
The second session highlighted the successful endeavor of the Sindh Board of Investment, Pakistan Horticulture Development Export Company and Agriculture department to put up a modern processing plant at Khairpur to be developed under the Public Private Partnership model.
The seminar included presentation by Mr. Zubair Habib, CEO National Industrial Parks Development & Management Company – NIP. His presentation included key features of the Khairpur Special Economic Zone being developed on an area of 136 acres. Secretary Agriculture, Mr. Agha Jan Akhtar, spoke about the initiatives that have been taken by the Agriculture Department for development of the Dates sector.