Sindh Investment conference 2010 Report - Sindh Investment...Conference Report SINDH INVESTMENT...

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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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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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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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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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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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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.

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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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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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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

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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

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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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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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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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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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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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