Qaim seeks French investment in power, other sectors

KARACHI: Sindh Chief Minister Syed Qaim Ali Shah has said that Sindh Government is encouraging local and foreign investment in energy sector, through public private partnership (PPP), joint venture (JV), providing tax holiday with other incentives to fill the gap in power generation and overcome to energy crises.

This he stated while talking to Consul General of France Francois Dall’Orso who called on him here on Tuesday. He invited French public and private investment companies to come forward and avail the opportunities of investment in Sindh which is rich with untapped natural resources of power generation. The chief minister said that France is a close associate and friend of Pakistan.

He said that Shaheed Zulfiqar Ali Bhutto was the pioneer of the friendship between both countries who had signed the historical nuclear agreement with France, for the development and prosperity of Pakistan.

He said that unfortunately, Pakistan including Sindh still facing the energy crisis, despite having natural resources such as coal reserves, wind corridors and environment of solar energy.

He said that Sindh Government has already been entered into agreement with investment companies of China, Turkey and other countries and was providing good incentives to these companies.

The Chief Minister through the Consul General offered the French companies to avail the investment opportunities in Sindh for which full support and infra structural facilities will be provided to them.

The Consul General of France, talking on the occasion said that Karachi is a very important city of the South Asia and his country was keenly interested to increase the trade volume between France and Sindh Province.

Source: APP