Sindh Govt Plans Mega Construction Project to Attract Investors and Expatriates
KARACHI: The government of Sindh is working aggressively to boost economic activities across the province, including a mega construction project in Karachi aimed at attracting foreign investors and overseas Pakistanis, stated Sharjeel Inam Memon, Sindh Minister for Information, Transport, and Mass Transit.
Speaking as the chief guest at the 18th Build Asia International Conference and Exhibition at the Expo Center on Tuesday, he mentioned that the mega project is related to the construction sector and will generate job opportunities for many skilled and educated individuals across the province.
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He also revealed that the Sindh Government is in talks with the Chinese government to set up an assembly plant for bus manufacturing in the province. Additionally, options are being considered to introduce an EV cab scheme and import an additional 100 buses to address the urgent transportation needs of the province’s population.
The provincial government is collaborating with the federal government to provide an enabling business environment and ensure foolproof security to foreign investors in order to restore their confidence in Pakistan, the senior minister said.
The Sindh government has met with high-level delegations from various Chinese investors and businessmen from different sectors, facilitating them in Dhabajee Special Economic Zone, which is also part of the China-Pakistan Economic Corridor, to establish various projects in the near future.
“We are working to attract investment to Karachi from across the country and the world in cooperation with the Special Investment Facilitation Council (SFIC). Karachi remains the best destination for doing business,” he remarked.
He also lauded the introduction of an easy visa policy for foreigners, saying the government should reconsider policies in Pakistan to make the country a livable and desirable destination for both living and investment.
Sharjeel further stated that the provincial government is working to facilitate both foreign and local businessmen and encourage them to actively engage in economic activities, including trade fairs that attract foreign delegates to the country.
The participation of foreign delegates in the exhibition of construction and allied sectors is a very positive sign, which is also aligned with the provincial government’s policy to boost the confidence of foreign investors in Pakistan.
Farhan Anis, Vice President of Ecommerce Gateway Pakistan, noted that the construction sector is witnessing rapid innovation and technological upgrades to improve the standard of living and work.
The Build Asia Exhibition and Conference is the flagship event for the construction and allied sectors in Pakistan, connecting stakeholders and introducing emerging concepts of sustainable and environmentally-friendly construction.
The three-day event showcases the latest trends, technologies, and innovations shaping the future of the construction industry, bringing together key stakeholders from across the country. Several exhibitors from 10 different countries are participating in the event, which is expected to attract more than 35,000 visitors from over 42 ancillary sectors, including aluminum, brick, cement, glass, marble, paint, steel, tiles, and transportation.
The event also featured seminars on real estate investment and financing trends in Pakistan, as well as Proptech and Smartech’s first regional moot on tourism, hospitality, and real estate.
