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Conference Report SINDH INVESTMENT CONFERENCE 2010
Sindh Board of Investment | Government of Sindh 2
OUR GRATITUDE
Sindh Board of Investment was less than a year old when I took
over as its Director General on 25th Jan 2010. It was yet to be
introduced properly to the wide spectrum of investment and
business community or the media. It had very few investment
initiatives at hand and very little material available to promote
its task of attracting investment in Sindh.
The task of putting SBI on the investment map seemed a quite
daunting challenge and when we announced holding Sindh
Investment Conference for 10th April 2010, many colleagues
advised us to postpone it to a date when the huge preparatory
work could be completed with ease.
My team at SBI was very enthusiastic for the occasion and was ready to face the challenge.
From preparation of video documentary to the finalization of the venue preparation, every task
was done with the finest detailing and perfection. We all had three weeks of late nights and
early mornings to make sure everything was completed for the occasion in time. We received
our documentary at 3.00 am on 10th April and our printed material at 2.00 am, while the city
had the event’s banners all over the place, thanks to the wholehearted participation of our
partners.
It was not only our Honorable Chief Guest, the Chief Minister Sindh, who was overwhelmed by
the response attracted by the event; it was also much beyond our own expectations.
I must place on record my gratitude to all our partners especially those from the Private sector,
the Departments of the Government of Sindh and those from the Federal Government whose
participation in the event preparation was the key to its success.
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SBI is thankful to our valuable guests who found time to grace the occasion which included the
Honorable Governor Sindh, the Honorable Chief Minister Sindh, the Members of the Federal
and Provincial Cabinets, Ex-Governor of State Bank of Pakistan Dr. Ishrat Hussain, the members
of Diplomatic Corps, our guests from trade and industry, academia, media and financial
institutions.
SBI likes to especially thank our foreign and local investors who came from abroad and from
within the country to attend the event, some of whom also signed Memoranda of
Understanding for their future ventures.
SBI has to now take up the challenge of coming up to the expectations generated by the Sindh
Investment Conference 2010.
Mohammad Younus Dagha
Secretary Investment / Director General
Sindh Board of Investment
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Table of Contents
EXECUTIVE SUMMARY .................................................................................................................... 5
SINDH INVESTMENT CONFERENCE - AT A GLANCE ........................................................................ 6
OVERVIEW ................................................................................................................................... 6
CONFERENCE OBJECTIVES ........................................................................................................... 8
ACHIEVEMENTS ......................................................................................................................... 11
PROGRAM OUTLINE ATTENDANCE SUMMRAY ........................................................................... 12
PARTNERS ..................................................................................................................................... 14
KEYNOTE ADDRESS BY THE SPEAKERS .......................................................................................... 16
KEY SECTORS/ INVESTMENT INITIATIVES HIGHLIGHTED IN CONFRENCE .................................... 24
MARKETING, PROMOTION, BRANDING & PUBLIC RELATIONS..................................................... 37
MARKETING & PROMOTION ACTIVITES .................................................................................... 37
OUTDOOR ADVERTISEMENT SUMMARY .................................................................................. 40
SUMMARY OF MEDIA COVERAGE ............................................................................................. 42
LAUNCH OF INVESTOR RESOURCE PACK ...................................................................................... 45
INVESTMENT DOCUMENTRY ON SINDH ................................................................................... 45
SINDH INVESTMENT PROFILE .................................................................................................... 46
SECTOR BRIEFS .......................................................................................................................... 47
SBI WEBSITE .............................................................................................................................. 48
SIGNINGS OF MEMORANDUMS OF UNDERSTANDING ................................................................ 50
TESTIMONIALS .............................................................................................................................. 54
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EXECUTIVE SUMMARY
Sindh Investment Conference 2010 was the first major initiative of the Government of Sindh to
showcase province as an ideal destination for investment. The conference was inaugurated by
Governor Sindh, where a presentation was given by the Secretary Investment, Mr. Mohammad
Younus Dagha, on conference objectives. The highlight of the session was the key note speech
by Dr. Ishrat Hussain, Ex-Governor of State Bank of Pakistan and present Dean and Director of
the Institute of Business Administration.
In the first session, various initiatives of the Governor of Sindh were presented. These included
the institutional setup of Public Private Partnership, viability gap fund for agro-processing
industries in private sector, the infrastructure development and the investment projects in
Tourism, Livestock & Dairy, and Fisheries sectors.
The second session highlighted the successful endeavors of the Government of Sindh in
collaborating in different sectors with private and non-governmental partners. The session
included presentations on the first successful public-private joint venture i.e. Sindh Engro Coal
Mining Company; stakeholders’ participation in management of the Education City; SBI’s joint
venture with Pakistan Stone Development Company (PASDEC) in Marble City project; and
potential of renewable energy in Sindh. Mr. Zubair Motiwala presented his report on
conference proceedings
The Honorable Chief guest of the concluding session, Syed Qaim Ali Shah, Chief Minister Sindh,
witnessed the signing of MoU’s with Azur Solar, Germany for setting up the solar energy project
in Sindh; Pak Iran wind energy project; Transatlantic Wind energy project; PASDEC for setting
up a Marble City near Karachi and ZTBL for providing access to funds to grower community for
setting up agro based industries in the province.
In the end the Honorable CM addressed the august gathering and reaffirmed the Government’s
commitment to boost economic activity in the province.
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SINDH INVESTMENT CONFERENCE - AT A GLANCE
OVERVIEW
The Sindh Investment Conference was held on 10th of
April 2010, at Sheraton Hotel in Karachi, Pakistan. The
Conference, which was organized by the Sindh Board
of Investment, ended with a significant message of a
strong public private sector partnership to turn the
Sindh region into a new hub of global trade and
investment destination of choice.
The conference was attended by more than 800 participants
including Ministers and Secretaries to Provincial and Federal government, members of
diplomatic corps, representatives of multinational companies, banks, and business leaders.
There was also a strong presence of media in the conference.
The conference consisted of a series of
presentations highlighting the readiness of Sindh
for international and local investment propositions.
Experts of different sectors also delivered speeches
urging the investors with huge opportunities in all
sectors in the province.
Honorable Governor Sindh, Dr Ishratul Ibad Khan
formally inaugurated the conference. He said that the Sindh
province is rich in natural resources while there are huge business and investment
opportunities.
Mr. Mohammad Younus Dagha – DG SBI, highlighted the objectives of SBI, saying that it works
to create the investment friendly environment to augment the industrial partnership for socio-
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economic development in the province. He 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, also highlighted the
investment potential of the province and urged the
government to resolve the problems of new investors
like land acquisition, energy shortage, etc. He said
despite the negative impression about Pakistan, there
is also huge investment opportunity with high
profitability. Mr. Motiwala also added that the market demand for
goods and services in Pakistan is ample while its contiguity with the Middle East also
makes it viable for investment to cater to the needs of trans-border markets. He pointed out
that there was also an opportunity to reach the consumers of rural Sindh, as their purchasing
power is lower than the ones in urban parts of the province, which needs enhancement, too.
The closing session was chaired by Sindh Chief
Minister, Syed Qaim Ali Shah. He said that the one-
window service by SBI would help the investors in
making investments in different sectors of economy.
Expressing astonishment, he said that he had been
overwhelmed with huge presence of diplomats and
potential investors during the conference, and added
that it would help develop the province, and Pakistan,
into achieving its true economic potential.
In the last session of the conference potential investors and bankers signed five Memoranda of
Understanding (MoUs) with the Sindh Board of Investment (SBI) for setting up alternative
energy projects, marble city near Karachi and for providing project financing in agro-processing
sector.
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CONFERENCE OBJECTIVES
Mr. Mohammad Younus Dagha
We at Sindh Board of investment are honored, to have with us
such a large presence of diplomatic core, the icons of trade &
industry, and the representatives of Media, thank you so much
for honoring us.
Sindh Board of Investment plays a vital role in promoting the
competitive advantage of the province to facilitate investment in
various sectors. In perspective to this pivotal objective, SBI has organized Sindh Investment
Conference-2010 to highlight investment opportunities and to explore potential areas where
investment can be made, which ultimately contribute towards economic prosperity of the
people of Sindh.
The key objective of the conference was to
draw attention of the foreign and local
investors towards the immense potential of
various sectors in our province and to chalk
out the road-map to transform investment
opportunities into business operations.
The objectives of the conference were to:
Bring Sindh Board of Investment into
focus
Give a broad view of the investment opportunities in Sindh,
with emphasize on untapped opportunities
Realize the huge gap between present investment activities and the potential of the
Sindh economy’s wide spectrum of opportunities
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Understand the need for Government policy
initiatives to prevent its business community
from losing their money in speculation and not
investing in productive sectors
Comprehend the willingness of the
Government in taking necessary actions to
facilitate investment
Give equal opportunities to both foreign and
local investors
Ensure the welfare of existing investors will not be
overlooked while encouraging new investments
Give equal priority to develop opportunities for Large, Medium and Small investors
Understand that the concept of partnership with private sector:
is not based on a project-to-project interaction but a sustainable relationship
is not only mutually rewarding but is also socially responsible
shares not only the opportunities but also the obligations
brings public objectives closer to private initiatives
Highlight Sindh’s Competitive Advantages: its strategic location with major seaports, its
extensive industrial infrastructure, abundance of
agricultural & mineral resources, better
educational system and highly-dedicated
workforce.
Highlight the priority sectors identified by SBI to
attract investment in
Human Resource Development
352 kms long coast line which Sindh could
not afford the luxury of leaving untouched
Halal food exports
Agro-processing and value addition
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Market the investment projects of SBI to
promote investment in Sindh
Fisheries Special Economic Zone -
20,000 acres zone, ideal for shrimp,
crab and fish farming
Livestock Special Economic Zone -
Modern facility over 1300 acres for
cattle farming and meat processing
Karachi Education City (EC) - Spread
over 9,000 acres, aims to provide world
class infrastructure for establishment of quality educational institutions
Marble City – a 300 acres modern facility for stone/marble factories with
common world class facilities for precision cutting and polishing
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ACHIEVEMENTS
The Sindh Investment Conference 2010 went exceptionally
successful by keeping the gathering of more than eight
hundred (800) participants fully engrossed in a well
organized sequence of high quality presentations. The
participants’ enthusiasm reflected the growing confidence in
the province attractiveness to bring in investment flows from abroad as well as
from local investor’s community. The conference demonstrated the spirit of the provincial
government’s departments to steer the province of Sindh on a robust path of growth and
development.
The main achievements were:
Overwhelming presence of more than eight hundred
(800) participants, which included diplomats, foreign
and local businessmen and investors, banking and
investment professionals, representatives and
federal and provincial Government Ministries and Departments
Addressed by highest level political leadership of the province including Governor and
Chief Minister
Strengthening confidence of the Investors in the province investment climate
Bringing awareness of untapped potential of investment in various sectors of Sindh’s
economy
5 MOUs signed in the conference out of which three
were for setting up energy projects in the province
Launched an official website of SBI (www.sbi.gos.pk)
to provide a web-based interactive media to
potential and existing investors.
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PROGRAM OUTLINE
9:15am - 9:50am Registration of Guests
10:05 - 10:10 Recitation from the Holy Quran
Honourable Governor declares commencement of the Conference
10:10 – 10:20 Seminar Objectives – Mr. Mohammad Younus Dagha (Secretary Investment/DG SBI)
10:20 – 10:35 SBI Documentary
10:35 – 10:40 Keynote Address by Dr. Ishrat Hussain
10:40 – 10:55 Address by the Honourable Governor
11:00 – 11:05 Public Private Partnership – the Sindh Experience -- Ms. Naheed S. Durrani Special Secretary Finance
11:05 – 11:20 Keenjhar Lake Resort – an Investment Profile -- Mr. Asim Siddiqui Ernst & Young
11.20 – 11-30 Agro-based Industries – the endless potential -- Agha Jan Akhtar Secretary Agriculture
11:30 – 11:40 Coastline of Sindh - the untapped treasure of Fisheries – Mr. Laiq Ahmed Memon, Secretary Livestock
and Fisheries
11:40 – 11:50 Dairy and Meat – Rising Demand and Export Potential – Mr. David McGill and Mr. Laiq Ahmed Memon
Secretary Livestock and Fisheries
11:50 – 12:05 Q & A Session
12:05 – 12:15 Address by the Honourable Minister for State for Investment
12:30 – 12:40 Introduction - Thar Coal & Energy Board -- Mr. Ajaz Ali Khan – Secretary Coal & Energy
12:40 – 12:50 Thar Coal – achievement of workable partnership -- CEO – Sindh Engro Coal Mining Company
12:50 – 1:00 Granite & Stone Mining – the technological input -- Chairman Pakistan Stone Development Co
1:00 – 1:05 Education City – a futuristic venture -- Mr. Karim Nurmohamed
1:05 – 1:10 Special Economic Zones – their importance -- Mr. Abdul Kader Jaffer – Chairman PJBF
1:10 – 1:20 Renewable Energy – the Wind Corridor of Sindh -- Mr. Waqas Qureshi – TransAtlantic Energy
1:20 – 1:30 Address by the Honourable Advisor to Prime Minister for Finance
1:30 – 1:40 Presentation of Report on Conference Proceedings -- Mr. Mohammad Zubair Motiwala
1:40 – 1:45 Signing of MoU's with AZUR, Pak-Iran, Transatlantic, PASDEC & ZTBL
1:45 – 1:50 Presentation of Shields
1:50 – 2:10 Address by the Honourable Chief Minister
Conference concludes
Lunch
First Session – Our Initiatives
Chaired by: Mr. Salim H Mandviwala, Minister of State for Investment
Inaugural Session
Chaired by: Dr. Ishrat Ul Ebad Khan, Governor Sindh
Tea & Coffee Break
Second Session – Our Partners
Chaired by: Mr. Abdul Hafeez Shaikh, Advisor to Prime Minister for Finance
Closing Session
Chaired by: Syed Qaim Ali Shah, Chief Minister Sindh
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ATTENDANCE SUMMRAY
Sindh Investment Conference 2010
exceeded all expectations of
attendance. It received and
overwhelming positive response
from Investor’s community, Local and
Foreign Business Groups,
Government agencies, Diplomats and
Academia. Sindh Board of
Investment’s first such endeavor
succeeded in bringing all stake
holders under one roof to define
opportunities, voice concerns,
identify issues, and collaborate to turn in to reality, the plans for developing Sindh as
Investment hub of the region.
Partner Organizations,
103Academia, 31
Agriculture, Livestock &
Fisheries Sector, 49
Business Sector, 224Chambers &
Associations, 56
Diplomats, 35
Government Representatives, 89
Professional Institutions,
17Media, 143
Partner Organizations AcademiaAgriculture, Livestock & Fisheries Sector Business SectorChambers & Associations DiplomatsGovernment Representatives Professional Institutions
Attendance Statistics
Category Registered
Participants
Partner Organizations 103
Academia 31 Agriculture, Livestock & Fisheries Sector 49
Business Sector 224
Chambers & Associations 56
Diplomats 35
Government Representatives 89
Professional Institutions 17
Media 143
Total 747
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PARTNERS
The SIC 2010 effectively managed key activities to generate broad based sponsorship and
partnering with stakeholders of investment in Sindh.
Besides medium to large hoardings and pole streamers all over the city, the robust presence of
partners and stakeholders was one of the highlights of the conference in the form of stalls and
conference hall branding.
Main Partners included:
Overseas Investors Chamber of
Commerce & Industry
Islamic Chamber of Commerce
Karachi Chamber of Commerce &
Industry
Federation of Pakistan Chambers of
Commerce and Industry
Environment & Alternate Energy
Department
Livestock & Fisheries Department
Agriculture Department
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Mines and Mineral Development
Department
Coal and Energy Development
Department
Tourism Department
Zarai Tarraqiati Bank Limited (ZTBL)
Pakistan Stone Development
Company (PASDEC)
Small and Medium Business
Development Authority (SMEDA)
Trade Development Authority of
Pakistan (TDAP)
Education City
National Industrial Parks (NIP)
Sybrid
Textile City
Invest Bank
JS Bank
Engro Corporation
Sindh Development Fund
Industries and Commerce
Department
Public Private Partnership Unit
Khairpur Special Economic Zone
Dairyland Pvt Ltd
Lotte Pakistan
City District Government of Karachi
E-commerce Gateway
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KEYNOTE ADDRESS BY THE SPEAKERS
Dr. Ishrat-ul-Ebad Khan, Governor Sindh
I welcome your participation in Sindh Investment Conference
2010 organized by Sindh Board of Investment, I am indeed very
happy to inaugurate this conference being attended by eminent
personalities in the field of business and investment. The high
profile event could also include the signing ceremony of
Memorandum of Understanding (MOU) between Sindh
government and respective companies and stakeholders, the
participation from all type of organization from public and private
sector, diplomatic missions, multilateral agencies, and academia, makes it a very important
conference. As you all know the Sindh province is major contributing in the national revenues is
blessed with the wealth of natural resources, attractive business, and investment opportunities,
its competitive advantage rest on its strategic location as a major seaport along with its well
developed telecommunication sector, abundance of agriculture and mineral resources, better
educational system and a highly dedicated workforce having all ingredients for an extremely
successful businessmen.
Ladies & gentlemen Karachi has been the focus of investors interest who have been attractive
to its vibrant economy & enormous business potential, this core for the coastal recreation
resorts, construction of housing and specially in the low cost sector, I.T parks, modern
municipal management mass transit and its real location of textile and other industrial setup
from developed economies make Karachi an ideal destination for investors.
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Syed Qaim Ali Shah, Chief Minister Sindh
I am really very much impressed by this august gathering, I was
not expecting this. When we sign the MOU’s that will show that
SBI has done its work and that shows that we are serious to see
investment coming in Sindh. People have been investing in
different areas of Pakistan, and also out of Pakistan in certain
areas, but I came to know that most of them are coming back. If
they are coming back then there is lot of chance for them to
invest in Karachi, or near about Karachi or in the rural areas of
Sindh. We have infrastructure and there should be attraction for them, the basic requirements
which are needed for investment are very much there.
I am overwhelmed to see such a gathering, I think this gathering will definitely contribute to the
benefit of the people of Sindh, and for the benefit of people of Pakistan and this contribution or
your participation will go a long way to develop Pakistan in even truly not only advanced
country but truly industrialized country.
So I don’t want to take much of your time and this is sufficient for me to say that I am thankful
to you and very much impressed by efforts you have made in organizing such a huge gathering.
I have take note of all the fruitful speeches by friends and some of them also criticized on some
areas. I assure that we will work on these issues on priority basis and will make organizations
like SBI to offer one window operations. Thank you very much.
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Dr. Ishrat Hussain, Ex-Governor, State Bank of Pakistan
First of all, I am very grateful to Sindh Board of Investment for
providing me this opportunity to share my thoughts with this very
august gathering. My own remarks this morning are focused on
the question as there are many countries in the world and there
are other provinces in Pakistan, why should anybody decide to
locate their investment in Sindh province, and I will list you the
factors which form the decision making process of a potential
investor and we are talking not only for the foreign investors but
both domestic and foreign investors. First of all look at the market demand for the goods and
services they are going to produce, and being in Sindh you have excess not only to rest of the
country which is hundred and seventy million people with thirty million middle class consumers
which are equal to population of many countries in South East Europe, but to have excess in
two hours time to the Middle East market, which is also very much accessible, with all kinds of
services and demands being generated by their economy. As far as market demand is concern
this province has a great opportunity in rural Sindh where the income levels are still very low
and you can increase the purchasing power of those rural folks. We are going to have a big
stimulus in the demand for goods and services that is a link between livestock, dairy, agriculture
and agro processing industry for the consumer.
Another area for consideration is “return on capital?” Lot of people tell me look we have
security problem, we have suicide bombing, we have this negative perception but ladies and
gentlemen the investment is the risk reward relationship, higher the risk - higher is the return.
In dollar terms between 2002 to 2007 the return on foreign capital and listed companies in
Karachi Stock Exchange was 26% one of the highest in the whole world, and therefore the
people who tell me that there is the high risk they should also look at the other side of the
equation which is the higher reward and higher rate of return in dollar terms not in the rupees
terms because the rupee remained stable at that exchange rate, therefore, whatever the rupee
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returns, they would translate into same dollar return. The forth consideration is whether you
are able to repatriate your capital, your profits, your dividends and your technical fees, and I
give you just one example to illustrate the commitment of Pakistan towards the repatriation. In
January 2000 we had a dispute with Hub Co. which was a legal dispute, but Hub Co’s service
payment USD 80 mn was due and as Governor I had only USD215 mn in my liquid foreign
exchange reserves at that time. People advised me that there is a legal dispute and you can
delay or postpone the payment (USD 80 mn) which was due, would deplete our reserves to a
great extent. I said by Friday close of business, this money should be sent back to Hub Co for
their dividend or profit repayment and that created an image of Pakistan that despite the fact
that they are in bad condition, they never remain firm on their commitments and make the
payments on time, and this ladies and gentle men! proved our commitment, as a country,
towards foreign investors.
Dr Abdul Hafeez Shaikh, Advisor to Prime Minister on Finance
Dr Abdul Hafeez Shaikh, said that foreign and local investments
were likely to pour in when the provinces made their systems and
procedures better. After the NFC Award the responsibility of the
provinces had increased to attract investments. He offered to
have discussions with the Sindh government on all issues in Sindh,
and assured all his support for the betterment of the province and
the country.
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Mr. Saleem Mandviwala, Minister of State for Investment
It is very pleasant to be here and to be in Karachi. It is encouraging
to see initiative taken by Sindh board of Investment. It was my
dream when I took over a year and half ago, to create the Sindh
Board of Investment and Punjab Board of Investment that are
being led by businessmen, I feel proud of it.
You all must have heard the speeches and presentations given by
the Sindh Government to highlight opportunities in Sindh. I will
not take much of time but all I want to say is we believe in
Pakistan, you should believe in Pakistan, Invest in your country, and I don’t think you will regret.
You might have heard the bad news in Pakistan but you don’t hear the bad news on investment
in Pakistan. So I feel with SBI and with Government of Sindh, I support their initiatives and
support them and I suggest you all work with them and achieve what you want to achieve.
Another step I have taken a year ago was an establishment of Economic zone. We have lot of
request coming from various sectors for incentives in industry, so we have eventually
developed Special Economic Zone act which is going to be in cabinet for approval very soon.
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Mr. M. Zubair Motiwala, Advisor to CM on Investment, Vice Chairman SBI
Since morning we are having this conference and ALHAMDULLAH
that was the great enthusiasm among the investors they all are
looking at the possibilities for investing in the province of Sindh.
We are doing so many things in Sindh that you have understood
out of the presentations which had made during the entire
conference. We actually want those people who are looking for
diversification and I know many of the people looking for
investment opportunities apart from what they are presently in,
so these are the opportunities which we have shown to the people. We need to see that the
investment which have being concentrated in Karachi, should also multiply to the rural areas,
the fruits of the economy, the fruits of the people who are earning on the soil, should also
spread to the people living in the rural areas, and that is the motto and the directive of Chief
Minister all the time. And this is what we are doing; we are showing you the feasibilities and
the viabilities of the entire sectors of economy. There is investment, there are funds available,
there is technical know-how available, and there are marketing techniques available, we can
guide you till the end where you can make profit.
I really want to say that public private partnership is the hallmark of this government.
Government of Syed Qaim Ali Shah feels that anybody who has to come in the public private
partnership may do so, government of Sindh would be glad to become partner with those
people. We have done this as you have seen in the project of the wind power 80% and 20%
partner is the Sindh Government, so it is open arena. If I go on speaking I can speak for hours
and hours but let me tell you that if you are interested into diversification, into coal, into
energy, into auto resources of energy, wind, solar, even if you want to go to value added sector
of the agriculture, how to add value to it, what is it, you want to export the fruits, we are there
to help you and that is what we are there for and we are working zealously day and night to see
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that Pakistan gets prosperity, Sindh gets prosperity and the people of Sindh specially living in
the rural areas prosper and they could also see the light of the day that they can also survive
and they can also have that kind of standard of living which we all enjoying, that is the target
and that is the motto.
We believe that Sindh can not only become the power house for the country, but I think it can
become a power house for the region. The potential of the Thar coal is so enormous that Engro
would utilize only 1.2% of it. This one project came in and started operations, and I tell you that
there will be queue of the investors into the coal business.
Ladies and gentlemen those of you who are the potential investors, I can assure you in the
presence of Chief Minister Sindh, who is the Chief Executive and the Chairman of the Sindh
Board of Investment that we would do everything possible on this world to accommodate the
investors in this province. In the end I thank the speakers for their wonderful presentations;
they really prove to be fruit for thought and a guideline for the investors.
I would complement Younus Dagha and his team for their hard work and commitment. I know
that only last night they have gone home at 4’o clock in the morning, and in the last fifteen days
they are there in the office working day and night, my complements to you Mr. Younus Dagha
and your team for this kind of working.
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Mr. Rauf Siddiqi, Minister Industries
It is a matter of honor to attend Sindh investment Conference and
I would like to comment that these efforts of Sindh board of
investment for organizing the timely and useful Conference which
will surely promote investment and trade in Sindh. Sindh enjoys
the advantages in terms of our liberty of fertile land, low cost raw
material, cheap and efficient labor and a seaport. I am glad to say
that Ministry of Trade and Commerce of Sindh will play a vital role
in promoting economic activities in the province. We have
industrial friendly policies which require no NOC’s or permissions for establishing industries
anywhere in the province. Steps have been taken for the development for industrial
infrastructure in nine industrial states for medium and large industries and 17 industrial states
for small industries sector, water supply line from Keenjhar Lake to site Noriabad of Rs.1200m,
Filter Plant at site Hyderabad for Rs.475m and drainage system and filter plant for Rs.253m at
Shaheed Benazirabad states are some of the major infrastructure project which will greatly help
existing and new investment in the province.
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Sindh Board of Investment | Government of Sindh 24
KEY SECTORS/ INVESTMENT INITIATIVES HIGHLIGHTED IN CONFRENCE
Public Private Partnership – the Sindh Experience
by Ms. Naheed S. Durrani
Special Secretary Finance
Ms. Naheed S. Durrani highlighted the Sindh’s
government initiative of establishing Public Private
Partnership unit, to provide framework for
collaboration of the private sector with the public sector to facilitate
investments in the province of Sindh
She said; “Sindh is the land of endless opportunities; one of the
opportunities that we would talk to you about today is the
possibility of public private partnership. If you look around the
globe at this point in time, this has almost become a buzz word,
some of you would say that PPPs or the collaboration between the
private and the public sector has been always there and so what is
new in this new buzz word. There is a difference; an informal type
of collaboration has always been there between public and private
sector but the PPPs as we understand it today, is a much more formalized relationships
between public and private sectors and these are pillared on very consciously made
agreements and contracts which have to be built in a way that secure the investors interest,
secure the governments interest, and that provide value for money for both the parties and for
the beneficiaries in general.”
Ms. Durrani elaborated on the legal and institutional framework of PPP unit; PPP Law: Viability
Gap Fund Mechanism & Government Support; Rules and Regulations; and the projects initiated
under PPP act. She also said that the world was moving ahead in this direction including our
neighboring countries like India which has 175 contracts in Public Private Partnership.
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Sindh Board of Investment | Government of Sindh 25
Keenjhar Lake Resort – an Investment Profile
by Mr. Asim Siddiqui
Ernst & Young
Mr. Asim Siddiqui gave presentation on the immense
potential of investment in Tourism sector, by
highlighting one of the projects under PPP unit for the
development of Keenjhar Lake Resort.
Mr. Asim said that the
total 9% of World GDP represent by Tourism
i.e. 8 trillion USD. But in Pakistan the travel and tourism represent
only 2 percent which shows the immense gap.
Pakistan has a low GDP contribution of Travel & Tourism in South
Asia. Karachi has 16-18 million populations with annual growth of
more than 5%. Expected earning of top bracket of 14% is 47,000
per month as Karachi is a financial hub of Pakistan. The corporate
sector resides and spent much of their time in Karachi.
Due to busy schedule Karachites normally get less time
to be relax so their less time should be spend in better
quality.
Karachi people spend most of their free time by visiting
beaches/farmhouses/water parks and normally prefer
to visit place which should be in reach of around 1 hr
drive. Keenjhar is 1.5 hr drive from Karachi, naturally
sounded and surrounded by nature and beauty to watch. It is the largest fresh
water lake of Pakistan, which is 24 km long, 8 km wide and the heritage of livestock. The
government of Sindh is projecting the Keenjhar as family destination for tourism in this regard
the infrastructure development is carrying out.
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Sindh Board of Investment | Government of Sindh 26
Agro-based Industries – the Endless Potential
by Agha Jan Akhtar
Secretary Agriculture
The Secretary Agriculture, Agha Jan Akhater
put light on huge potential in agro-based
industries.
He said, agriculture
contributes 55% of total GDP. Pakistan`s 70%
population still lives in rural areas where major dependency is on
agriculture. Sindh grows variety of field & horticulture crops like
wheat, cotton, rice and sugarcane they all contributes 70% of total
growth.
Sindh is the second largest province in growing rice and cotton.
Mango production of Sindh is 371,000 tons with the potential to
grow up to 450,000 tons, and this gap can be filled by adopting new ways of farming and
educating farmers. Mangoes have huge market in USA, and UK, UAE. The export can be
increase with proper processing, planting and packaging of mangoes.
Dates, the Khairpur district of Sindh are the best
known for its dates production. Following
international practices of date production and
processing can increase the export revenue with
immense high. Currently the price of unit of dates is
at Rs. 700 which can be Rs. 3000/-
Our fruit and vegetables are best known for its taste and
have an immense export potential but due to no proper handling of crops,
non availability of processing plants and lack of awareness of farmers, are hitting badly our
export potential.
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Sindh Board of Investment | Government of Sindh 27
Coastline of Sindh – the Untapped Treasure of
Fisheries
by Dr. Laiq Ahmed Memon
Secretary Livestock & Fisheries
Dr. Laiq Ahmed Memon presented the investment
opportunities in Fisheries Sector.
Mr. Memon shared the facts of Fisheries sector in
Sindh that it has 352 Kilo meters long, 12 vertical
coastlines and the contribution of Fisheries to
GDP was only 1% and the total value of Fish production
was Rs. 50 billion. The per capita consumption was only 1.8 Kg, which
was one of the lowest in the world.
The total Fish Production was 650,000 m.tons out of which
400,000 m.tons come from marine resources and the 250,000
m.tons from inland fresh water sources. The export quantities were
131,000 m.tons, and export earnings were only US$ 213 million
against a export potential of US$ 1.5 billion. There are lot of
opportunities to invest in fisheries sector e.g. Ventures in
commercial scale Mari culture (High value fish like Sea Bass,
Grouper, Mullets, Shrimp, Crabs, etc), Supply of fisheries inputs:
services, fish fry, equipments and feeds, Fish Processing, Cold-Chain,
Storage, Value addition and ready to cook
products. There was immense potential in
commercial scale fish/shrimp farming in
Sindh and for this the Government of Sindh
has identified 20,000 acres in Thatta and
Badin along with coast.
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He also pointed out the potential areas with their environmental and infrastructure suitability for
shrimp and fish farming. He elaborated on the government initiatives in developing
infrastructure to connect the farm areas with the main cities. He said that the Department had
developed capability to provide seed from the Seed Production Unit at Hawksbay Karachi, which
was in the process of producing seeds of various varieties and the fish hatcheries at Chilya,
Thatta and Badin were also being upgraded to produce fry of brackish water fishes.
He also elaborated upon the Sindh Board of Investment’s initiative for creation of Aquaculture
Zone Development Company for execution of the project of Fisheries Special Economic Zone
with a revolving fund, which will oversee the infrastructure development, operation and
maintenance of project.
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Sindh Board of Investment | Government of Sindh 29
Dairy & Meat – Rising Demand & Export Potential
by Dr. Laiq Ahmed Memon / Mr. David McGill
Secretary Livestock & Fisheries
Mr. Laiq also presented the highlights of dairy and
livestock sector in Sindh.
He stated that the growth rate in livestock sector
according to 2006 Census was 2.4% in cattle and
2.7% in Buffalo with an estimated 33 billion liters of
annual milk production from 50 million animals, managed by over 8
million farming households. Pakistan was the 5th largest milk producing country in the
world.
The livestock and agriculture sector
contributes over 10% to the GDP. The
Milk economy in terms of value is over
27% of total agriculture sector but with
additional potential of 3 billion liters of
Milk, with growth rate faster than any
other sector. Out of the total 33 billion
liters of Milk produced, 71% is rural based
and 29% is urban based. Whereas, of the
total production, around 3% is processed
and marketed through formal channels.
There is also huge potential in meat as the domestic demand is growing with the population
growth, need for protein and calcium, migration of population from rural to urban and the
fluctuating growth due to per capita rise in income. The gap in supply and demand for milk will
grow from 3520 metric tons to 55480 metric tons, for beef from 160 to 2310, and for mutton
100 to 1470, by 2020.
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There is also a huge potential for Pakistan to step in the “Halal“meat markets of Middle East.
The Potential supply and demand gap for Middle East countries is 500,000 ton for Saudi Arabia;
Egypt is 93,000, Bahrain 3,220, Oman 13,852 and UAE 33,658.
The Government of Sindh has conceived the
mega project of dairy and meat processing
zone, at Bhambhore in district Thatta. The
dairy and meat processing zone will be of
1300 acres with 1200 acres more reserve for
expansion. The site will be divided into two
distinguished areas for dairy and meat. The
dairy part will have 100 farms of 5 acres each and
the allied infrastructure of feed Mills, Milk processing plants, value
addition plants, cold storages, Fodder and Livestock Markets and Veterinary Clinic.
And on the meat side, there have been proposed 100 farms of 3 acres each, and state-of-the-
art abattoir, meat processing & value addition plants, alongwith the infrastructure include road
network, residential colony, water supply, power infrastructure etc. The calculated Project
capacity is 600 metric tons of cow/buffalo milk daily that is estimated at 15 liters / day / animal.
For meat, at full capacity it is estimated to be about 1 to 15 metric tons per year.
Further adding to this by Mr. David McGill said that the project
was an agreement between the Australian and the Pakistani
Governments, and had been funded by Australian AID (AUSAID).
He said, since last two years, they were working with dairy
farmers, and had been trying to help them to improve their
production. The Australian experts had a lot of experience in
Veterinary Sciences, agricultural Sciences and Animal Production,
and in Pakistan they were working with Livestock and Dairy
Development Board and helping both meat and dairy production in Pakistan.
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Thar Coal & Energy Board – Introduction
by Mr. Aijaz Ali Khan
Secretary Coal & Energy
Mr. Aijaz Ali Khan informed about the natural blessings like Coal in
Pakistan. Nearly 186 billion tons are found in Pakistan from which
98% are in Sindh. Mr. Aijaz told about the government policy on
coal which is in priority. He shared the audience with the
formation of Thar Coal Energy Board which includes both
Government of Sindh and Pakistan.
He said that Government announced the Fiscal Incentive like IRR of 20.5% for company
investing before Dec 2014 and 20% for a company investing before Dec 2015, and Thar will
soon be declared as an Economic Zone with all incentives like tax holidays and free import of
machinery. In Thar Coal field, five out of nine blocks are already working, and Oracle UK based
company is working on 6th block and 2 projects of UCG is also in process in which one is heading
by famous scientist Mr. Samar Mubarakmand. Private companies like Engro already entered in
this venture which sounds the immense investment potential in this sector.
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Thar Coal – Achievement of Workable Partnership
by Mr. Khalid Mansoor
CEO, Sindh Engro Coal Mining Company
Mr. Khalid Mansoor gave a brief presentation on
Thar Coal Project, which is an example of a
successful workable relationship between public
and private sector.
He said Public private partnership is a joint venture between
public private sector driven by the fundamentals of country and
sector. They are simply an effort to combine best of the public and
private sector enhancing the value of investment, mitigating the
risks, and at the end of the day outstanding service to the public.
Ideally such kind of project should be developed by the private
sector. Due to lack of infrastructure which is core responsibility of
public sector, this type of mega project will be done through public
private partnership.
Engro has been awarded a project for the
development of Block 2 in Thar Coal field,
through a systematic process, and with the
recommendation of Thar Coal & Energy Board
(TCEB). This project is for mining and power
generation, where 6.5 million tonnes of mining
and 1200 MW electricity will be produced,
which will help the country current situation of
electricity shortfall. This project is in 60:40 partnership where
Engro holds share of 60% while remaining share belongs to Government of Sindh.
Conference Report SINDH INVESTMENT CONFERENCE 2010
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Granite & Stone Mining – the Technological Input
by Mr. Ihsanullah Khan
Chairman, Pakistan Stone Development
Company
Mr. Ihsanullah Khan
briefed the audience about the
hidden gold of Pakistan which has not been taken
advantage of. He informed that 14 projects by PASDEC have been
introducing better mining and processing techniques in the
marble industry. He highlighted the facts that by exporting
granite, India was earning US$ 4 billion per year while we were at
US$ 16 million only.
He emphasized that the huge potential
of stone industry needed attention of
government as well as the investors. He
highlighted the salient features of the
project Marble City near Karachi for
which MoU was to be signed in the
conference between Pakistan Stone
Development Company (PASDEC), Sindh
Board of Investment (SBI) and the Mines
and Minerals Department of
Government of Sindh.
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Education City – a Futuristic Venture
by Mr. Karim Nurmohammad
Agha Khan University Hospital
Mr. Karim Nurmohammad shared his view
about the knowledge economy, which has
made higher education a necessity for the
continued socio-economic improvement of
developing nations.
He said that the funding for higher
education by developing countries was
comparatively on lower side but the Government of Sindh has
taken this as a priority and committed to establish an Education
City in Karachi. Pakistan currently has the largest young people in
the history with nearly 54.2 million between the ages of 10 to 24,
which is 40% of the population. The purpose of building Education
City is to offer young adults, an international standard education
in Pakistan. The vision of the project is to bring together various institutions in the education
and health sector under one umbrella, and for this purpose a number of prominent private
education and health institutions have been allocated land to establish campuses, that would
be centre of excellence in higher education and health.
This project will also provide a mechanism for private industry to work in partnership in
research initiatives with educational and medical institutions. The academic programs proposed
by the current stake holders include medical sciences, social sciences, information technology,
and variety of other faculties.
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The new campus of Agha Khan University
is primarily for the faculty of arts and
science. Phase one comprising of around
2 million Sq feet, represents one third of
potential capacity. New port campus is
proposed to have a wide range of
programs including engineering, fashion
and textile design, arts, business
administration, computer science, Law, and
business studies. SZABIST will offer media sciences, social sciences,
and management science with the emphasizing on computing doctorial level. SIUT
comprise a hospital for organ and cellular transplantation, a teaching and training institute and
research and biotechnological centre. Sir Syed University proposed to establish Technology
Park. Sindh Madressah Board’s Quaid-e-Azam Public School will provide education from pre-
primary to the higher secondary. Ziauddin University campus incorporates the faculty of
pharmacy, engineering, law, business, mass communication and bio medical engineering.
Mr. Karim also presented his views about the way
forward. He said: “we need a master plan, and that
has been commenced by international and local
consulting firms; we need community engagement
to ensure the local community benefits; we need
infrastructure like utilities, roads, IT, civic facilities,
etc; we need renewable energy projects for
electricity needs; and a direct link to Education City
from University Road of Karachi. He concluded that
the project was designed to provide all the facilities
and necessities required to run a world class
educational institution.
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Renewable Energy – The Wind Corridor of Sindh
by Mr. Waqas Qureshi
Transatlantic Energy Limited
Mr. Waqas Qureshi highlighted the untapped
potential of wind energy in Sindh, with emphasis
on the development of renewable energy projects
in the province of Sindh.
He said, world energy needs were
increasing with the growth in population. Demand and
Supply gap was widening and there was no way we could meet this
demand with our conventional energy system.
He highlighted that Sindh had a potential to produces more than
50,000 MW.
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MARKETING, PROMOTION, BRANDING & PUBLIC RELATIONS
The SIC 2010 built a strong and effective promotional campaign to ensure the success of the
event and the growth of the provincial investment branding. The brand building campaign
consisted of advertising and public relation activities, international dialogues & official meetings
and participant promotion activities to sum a few.
MARKETING & PROMOTION ACTIVITES
Promotion over Internet Website
Information and Communication Technology was also utilized to put the Sindh Investment
Conference in access to the world. Website with persuasive navigation was designed and
special links to the event were put to highlight it and given a prominent placement.
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Sindh Board of Investment | Government of Sindh 38
General Public Relations activities
Strong Public Relations was a major factor
in the success of this conference. General
PR activity to bring forward this event to all
the sectors of Government and trade &
professional bodies and contact points was
covered in-house. Invitations and
Information of the event were made available to
all, in a timely manner.
International community Link-up
A list of international communities like OICCI, Bilateral Business Fora, Foreign Trade missions
and others were comprehensively formulated for the investment event.
Diplomatic community relations
activities
A large number of Diplomatic community
was invited to the investment conference.
This was a widely covered event by the
diplomatic corps of Karachi. Members from
embassies and high commissions of Middle
Eastern, European, and Asian countries were
given preferential assistance in attending the conference.
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Sindh Board of Investment | Government of Sindh 39
Participation Promotion
The SIC 2010 brought the key decision makers in the global and local investment industry to
Sindh. We classified the key players as follows:
Those having a potential to trade, manufacture and supply raw materials
Those with a potential to invest
Those already considering investment and require facilitation
Those that have an influence on sectoral development including investment consultants
and diplomatic bodies.
The participants were from the following groups:
Commercial Counsellors/Attache from OIC, Southeast Asia and EU countries
Key players in the various industries
Government bodies associated with trade development and industrialization sustenance
Heads of Financial Institutions, Sector Associations and Industries setup locally
Trade Associations and Chambers of Commerce
International and local media
Business Associations and SMEs from Sindh
Conference Report SINDH INVESTMENT CONFERENCE 2010
Sindh Board of Investment | Government of Sindh 40
OUTDOOR ADVERTISEMENT SUMMARY
Major roads and routes to the event were beautifully covered by
hoardings and banner activity. The activity itself was an in-house
effort facilitated by City District Government of Karachi, Clifton
Cant Board, and Karachi Cant Board. Approximately 1000+
roadside pole streamers were put up in different colors with
stakeholders branding. Matching this high rate of visibility,
approximately 19 large billboard hoardings were also placed on
prominent spots. 13 bridge panel banners were also displayed to
enhance the visibility.
Area
20 x 60 20 x 10 45 x 10 Total
Clifton 3 3 6
Tariq Road 1 1
DHA 2 2
Sh-e-Faisal 2 3 5
M.A.Jinnah 3 3
Gulshan-e-Iqbal 1 1 2
Total 8 10 1 19
Size
Hoardings
Areas Qty
Club Road/Governer House
DHA
Korangi
Sindh Assembly
Gulshan-e-Iqbal
I.I.Chundrigar
Sh-e-Faisal
Airport/Sh.faisal colony
1000
Streamers
Conference Report SINDH INVESTMENT CONFERENCE 2010
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Area
100 x 10 75 x 10 72 x 8 8 x 80 50 x 8 81 x 8 Total
Clifton 1 1 2
I.I Chungridar 1 1 1 3
SH.Faisal 2 1 1 4
DHA 1 1 2
Karsaz 1 1
Sh faisal colony 1 1
Total 5 4 1 1 1 1 13
Bridge Panel
Panels Size
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SUMMARY OF MEDIA COVERAGE
Local and International media relation coordination
Local reporter agencies including all the major PR companies were
linked-up in a coordinated activity to cover the event. International
reporting agencies were also brought together with the coordination
of the Information Department of Government of Sindh.
Electronic Broadcast media (TV news channels linkup)
Electronic Broadcast and all the
major TV news channels were
coordinated by the Information
Department to cover the event. It
was prominently covered on all
channels with follow up features
running for next two to three days.
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Sindh Board of Investment | Government of Sindh 43
Print media (Leading news paper and
magazine supplement activity)
Local print media including all the leading News
Paper (Dawn, Business Recorder, Financial Daily,
Kawish, Ibrat etc) published special supplement
to highlight the conference objectives with good
participation by the partners. Business World
Magazine also published special edition on the
occasion.
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Sindh Board of Investment | Government of Sindh 44
Electronic media Coverage
Being the first ever event of such kind, Sindh Investment
Conference 2010 attracted a wide variety of participants from all
types of organization in public and private sectors. The effort was
aimed to explore possible areas where investment can be made
which ultimately contribute to a worthwhile contribution in
economic prosperity of the people of Sindh.
Mr. Zubair Motiwala, Advisor to Chief Minister Sindh on Investment and Mr. Mohammad
Younus Dagha, Secretary Investment & Directory General SBI, were interviewed on different
occasions, by print media and electronic media. Geo News, Samaa TV, Express News, Business
News, Mehran TV, and Business World Magazine were some of the media houses which carried
out the panel interview sessions on Sindh Board of Investment’s initiative of Sindh Investment
Conference 2010.
During the interview, Mr. Zubair Motiwala emphasized the fact that Sindh province was blessed
with a wealth of attractive business and investment opportunities. Its competitive advantage
rests on its strategic location as a major seaport, along with its extensive industrial
infrastructure, abundance of agricultural & mineral resources, better educational system and
highly-dedicated workforce.
Mr. Younus Dagha on the occasion told the press about Sindh
Investment Conference 2010. He stated that Sindh Board of
Investment intends to promote the competitive advantage of
the province to facilitate investment in various sectors. In
order to highlight investment opportunities in Sindh, SBI
decided to convene “Sindh Investment Conference-2010”.
. Watch videos of pre and post event media coverage on SBI website
http://www.sbi.gos.pk/video_gallery.php
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Sindh Board of Investment | Government of Sindh 45
LAUNCH OF INVESTOR RESOURCE PACK
In Sindh Investment Conference 2010, SBI also launched an exclusive Investors Resource pack,
including documentary on Sindh province, Sindh Investment Profile, Brief Analysis of
investment sectors, and knowledge based web platform, to provide investors with all the basic
information to make investment in Sindh.
INVESTMENT DOCUMENTRY ON SINDH
To highlight the readiness of Sindh province for
international and local investments, SBI has prepared an
investment documentary on Sindh. This documentary
underlines the investment potential, massive natural
resources, and the countless competitive advantages of
this land of endless opportunities.
To accomplish this, in-time video unit was formed to
cover the main aspects of Sindh profile documentary.
The HR coordination and visits with the unit were
successfully covered for the event. Research on profiles
of different sectors was also conducted beforehand, to
cover major chunks of information for the documentary.
A number of informative testimonials of interviewees
were also presented. Partners and Stakeholders to the
conference participated actively in production of
documentary. The timely access to all these high profile
interviewees and help on the data/material for them was
coordinated accordingly.
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SINDH INVESTMENT PROFILE
Sindh Board of Investment (SBI) has published Sindh Profile
which was launched on the occasion of Sindh Investment
Conference 2010, the first of its kind in the history of this
province where SBI has presented various investment
opportunities in the multifaceted economy of Sindh.
The task of profiling the immense potential of Sindh’s
economy in a few pages was indeed a difficult task. Sindh
profile is an attempt to give a cursory view of all those
sectors of Sindh economy which have substantial untapped
potential for investors. It highlighted that the boldness to
tread in the untraditional investment sectors such as
livestock and dairy, has given massive success and profits for the enterprising companies in
Sindh.
SBI, while eager to see early realization of enormous
potential of Sindh’s energy, urban development, mass
transit and other such sectors for large scale
investments, would also like to put equal emphasis on
supporting medium and small investments in sectors
such as Agro-processing, Aquaculture & processing,
Meat & Dairy and Mining Sectors.
Sindh profile presents all the colors of Sindh’s economic
spectrum from Karachi to Kashmore.
We, at SBI, would like to see your valuable comments
which will help us bring improvement in future editions.
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Sindh Board of Investment | Government of Sindh 47
SECTOR BRIEFS
Sindh Board of Investment plays a vital role in promoting the competitive advantage of the
province to facilitate investment in various sectors. To facilitate the investors and emphasize
upon the untapped potential investment opportunities, SBI has published leaflets highlighting
features of various sectors.
Following are the sectors covered by this activity:
Tourism
Coal
Granite
Renewable Energy
Dates
Guava
Mango
Red Chilli
Rice
Dairy
Meat
Poultry
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SBI WEBSITE
Sindh Board of Investment (SBI) has also launched of its web site. The website can be viewed at:
www.sbi.gos.pk
The next generation website of SBI enriched with
ample investors resources, has been launched by
the Chief Minister Sindh, Syed Qaim Ali Shah,
during the Sindh Investment Conference 2010.
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The site features offer a fresh look and feel that is
more focused on what the investors need. It
provides up-to-date and valuable information
about SBI, its structure and services, Sindh
province, its economy and competitive
advantages, Investment opportunities available in
various sectors, and investment projects launched
by SBI and other government and private
institutions. The website also features many links
to other investment resources, like; investment
Policies, pre-feasibility studies, incentives for
investors, and success stories, that will help
them in planning for establishing business
ventures in Sindh.
The website also provides information on the
investment framework, activities, recent news,
and access to key documentation produced by
SBI.
We hope you will find this website useful and
informative. Your comments and suggestions are
most welcome, to [email protected]
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SIGNINGS OF MEMORANDUMS OF UNDERSTANDING
One of the major achievements in Sindh Investment Conference was that SBI brought in various
investors and partners from local and international market under one roof, and was able to sign
five MOUs with different foreign and local companies for investments in various projects in
Sindh.
1. MOU to develop Solar Energy project of 50 MW
M/s AZUR Solar Group, a German
company, signed an MOU with SBI for
establishing a Solar Energy Project of 50
MW in Sindh. The project will be located at
an available government land in Sindh
identified as suitable by M/s AZUR, and SBI
will take up the matter of allocation of
selected land with the relevant
departments and authorities of the
Government of Sindh to get it finalized
expeditiously including all legal aspects
and required permissions.
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2. MOU to develop Wind Energy project of 50 MW
M/S. Iran-Pak Wind Power (Pvt) Ltd signed
an MOU with SBI to develop a Wind
Energy project of up to 50 MW. The
project will be a Wind Energy project
producing up to 50 MW of electricity,
located at an available government land in
Jhimpir identified as suitable by M/s Iran-
Pak. SBI will take up the matter of
allocation of selected land with the
relevant departments and forum of the
Government of Sindh to get it finalized
expeditiously including all legal aspects
and required permissions.
3. MOU to develop Special Economic Zone – Marble City
Pakistan Stone Development Company
Limited (PASDEC) agreed with SBI, to
assist the Government of Sindh to develop
a Special Economic Zone with the name of
Marble City, near Karachi for bringing
value addition to processing of marble,
granite and other cut stones.
In this project SBI, with the consent of the
Government of Sindh will form a Joint
Venture company with PASDEC, which will
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provide Italian Technical Assistance for designing and development of the project.
The Project is proposed to be planned over an area of 300 acres to house processing facilities of
individual firms / companies on individually allotted industrial plots. It will provide common
facilities for precision cutting and polishing on Italian machinery and equipment; along with the
technical supervision by Italian experts in planning, execution, operations and training
programmes.
4. MOU to develop Renewable Energy Infrastructure
Transatlantic Energy (Pvt.) Limited (TAEL)
offered to SBI, to assist the Government of
Sindh in the development of Renewable
Energy Infrastructure, through a Wind
project of 35 MW. The estimated cost of
the project is USD 82.6 million, which will
be funded through 80% of foreign Grant
and 20% in Equity.
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5. MOU to formulate Financial Assistance Program for Agro-based Sector
Zarai Taraqiati Bank Limited
(ZTBL) has signed MOU with SBI to
formulate a Financial Assistance
Plan for Agro-based industry. ZTBL
will provide financing, develop a
product and plan implementation
in accordance with its charter and
credit policy, on agro-based
projects proposed by SBI through
concepts/ideas/business
plans/sectors/areas of interest
based on feasibilities.
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TESTIMONIALS
Dr. Ishrat Ul Ebad Khan, Governor Sindh
I congratulate Sindh Board of Investment for organizing
this Sindh Investment Conference. Sindh has great
potential, with its natural resources, such as oil, gas,
and particularly Thar coal reserves. In addition to that it
has enormous opportunities in the field of agriculture,
fisheries and livestock.
Syed Qaim Ali Shah, Chief Minister Sindh
Sindh Chief Minister, Syed Qaim Ali Shah while
expressing astonishment at the success of the
conference, said that he had been overwhelmed with
huge presence of potential investors during the
conference, and added that it would help develop the
province, and Pakistan, into an industrialized state.
Dr. Ishrat Hussain, Ex-Governor, State Bank of Pakistan
I am very grateful to Sindh Board of Investment for
providing me this opportunity to share my thoughts with
this very august gathering. It is really very heartening to
see that Sindh government has revived a Sindh Board of
Investment, which has organized this particular event
very successfully, so I want to congratulate them for
organizing this event.
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