Qaim invites foreign investment to Karachi BRT project


KARACHI/DUBAI: Chief Minister Sindh Qaim Ali Shah currently leading Pakistani delegation in fourth consecutive event of Annual Investment Meeting (AIM-2014) at International Convention and exhibition Centre Dubai has invited the foreign investors to invest into the most potential Bus Rapid Transit (BRT) project in Karachi besides agricultural and mineral resources excavation sectors with full support from the Sindh government. 
This fourth edition of AIM from April 7-10,2014 was aiming to evaluate vast investment opportunities in emerging markets offer with potential high rates of return in an increasingly secure and stable environment. AIM-2014 is a forum where more than 100 countries are attending to boost investment and coordination in their areas of interest.
The Pakistani delegation comprises Ismaeel Miftah Chairman Federal Board of Investment, Murad Ali Shah adviser for Finance and Energy, Ali Arshad Hakeem Chairman Sindh Board of Investment (SBI) and federal and provincial officials. 
The CM Sindh while briefing Aziz Rabbah Minister for Equipment and Transport of Morocco said BRT project which would initially run on 3 corridors in Karachi extending to 70 kilometers with transport qualities equivalent to those of developed western countries. 
The Morocco Minister showed keen interest in the development of BRT and assured to send a high level delegation to Sindh, Pakistan.After the formal inauguration of the event by the ruler of Dubai, Chief Minister Sindh visited the stall of Sindh province in exhibition. 
The delegation met with Tjkero Tweya (MP) Deputy Minister, Ministry of Trade and Industry of Republic of Namibia. In the meeting mutual areas of interest came under discussion particularly the R&D in the agriculture sector. 
The delegation also had meeting with Datuk Amar Haji Awang Tengah Ali Hasan, Minister of Resource Planning and Environment, Public Utilities and Industrial Development, Sarawak, Malaysia and highlighted the SBI in collaboration with Halal Industry Development Corporation (HDC) of Malaysia was working dedicatedly to develop Halal industry in Pakistan. 
SBI and HDC are committed to effectively implement the provisions of the Memorandum of Understanding signed between the two parties on December 1, 2010 in Kuala Lumpur Malaysia for development of Halal sector in Pakistan. 
The Minister of Malaysia assured its cooperation in developing Halal sector in Pakistan and also evinced to import value added products of agriculture like mangoes etc. 
Moreover Mahendra Siregar Chairman Investment Coordinating Board Republic of Indonesia discussed matters of mutual interest with Pakistani delegation. The Indonesian delegation head showed interest in Pakistan’s potential of agriculture and mineral resources and its excavation. 

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