PPI Original Text (PPI-OT) – Immense potential of investment in Sindh: Ebad

Karachi, June 02, 2012 (PPI-OT): Inspite of challenges, there exists immense potential for investment in the province especially in the city of Karachi. This was pointed out by Sindh Governor, Dr. Ishrat Ul Ebad Khan.

He was talking to a delegation of under-training officers of the National Institute of Management who called on him at the Governor House here on Saturday.

The Governor was of the view that foreign investors were heading towards the city for investment in various sectors and the government of Sindh was trying its best to make available the required facilities in this regard.

He informed the delegation that for attaining economic development it is necessary that an annual growth rate of at least five to six percent be attained and that there should be substantial increase in this every year so that there be prosperity and development in the country.

Dr. Ebad said that we should offer attractive incentives to foreign investors as well as the required facilities.

He said that the demography of Karachi is different from other cities and its problems are also peculiar.

The Governor said that there are certain elements that are out to try and mar the peace in the metropolis.

He stated that for the enforcement of the local bodies system, all the stakeholders are serious for the implementation of the Supreme Court’s directives and that soon a better solution would come to the fore.

Dr. Ebad said that for improving the high education system, efforts are continuing for the past many years and that is why Karachi University is among the top 500 universities in the world. Many private and public sector universities in Sindh are among top 300 universities in Asia.

He said that there is a headway with regard to many mega projects like K-IV water supply and S-III sewerage projects as well as circular railway, mass transit programme and Lyari Expressway.

For more information, contact:
Sindh Governor House
Syed Wajahat Ali
Press Secretary to Governor
Tel: 99201217, 99201201-3
Email: press_secretary@governorsindh.gov.pk

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