Sindh, an economic, power hub

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Pakistan is a country of tremendous opportunities. One of its provinces Sindh is a resource rich province having a high potential of becoming an economic and power hub. A press conference was held at the residence of UAE Council General. A high-powered official delegation, headed by Syed Qaim Ali Shah, is attending the second annual investment conference scheduled being opened in Dubai on Tuesday.

While talking to the press, Syed Qaim Ali Shah appreciated the UAE government for organizing the event and said such events would make UAE a destination for business collaborations.

Sindh has blessed with all the resources to become regional powerhouse. Sindh province has proven reserves of 175 billion tons coal that can produce 100,000 MW of electricity, good enough 300 years. Moreover, it also has a 180km long wind corridor and produces over 70 percent of country’s gas and 51 percent of oil. Sindh has over 5.4 million hectares of cultivable land and contributes about 23 percent to country’s agriculture that enhances its scope for food processing and agri-businesses.

It also has a significant competitive edge in production of horticulture especially dates, mangoes, guava, banana, onions and red chilies. In addition, Sindh also has huge potential for livestock, including dairy and halal meat production. Sindh has 350kms coastline and accounts for 71 percent of country’s marine resources including fish and shrimp.

Both the federal and provincial governments have evolved a very attractive policy regime for foreign investment carrying range benefits for foreign investors. The chief minister of Sindh particularly referred to Thar coal and wind projects with attractive tariff complimented by facility for dollar based repatriation of profits plus a zero rated import duty on import of machinery.

He concluded that “Sindh’s mineral resources and renewable energy resources coupled with an attractive incentive package, it was a great opportunity for international companies to invest in this sector.”

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