Latest news with #Rs616
Business Recorder
02-05-2025
- Business
- Business Recorder
Sindh's public-private partnership investment portfolio reaches Rs616bn
KARACHI: Sindh's investment portfolio under the Public-Private Partnership (PPP) model has reached Rs616 billion, reflecting the provincial government's commitment to leveraging private sector participation for infrastructure development and economic growth. This was revealed by Syed Qasim Naveed Qamar, Special Assistant to the Chief Minister of Sindh on Investment and Public-Private Partnership, while speaking to Business Recorder on the sidelines of a high-level meeting with prominent industrialists and business leaders held at a local hotel here on Thursday. The meeting was held in light of the instructions of Pakistan Peoples Party Chairman Bilawal Bhutto Zardari and as a follow-up to a recent session chaired by Sindh Chief Minister Syed Murad Ali Shah. It aimed to brief stakeholders on Sindh's ongoing development initiatives and explores public-private collaboration opportunities. Leading members of the business community including MNA Mirza Ikhtiar Baig, Zubair Motiwala, Arif Habib, Arif Elahi, Danish Khan, Junaid Naqi, Zahid Saeed, Sameer Chinoy, and Danish Elahi attended the session. Also present were Sindh Secretary for Investment Raja Khurram Shahzad, Secretary Transport and Director General PPP Unit Asad Zamin, CEO Sindh Economic Zone Management Company Abdul Azim Aqili, and CEO Sindh Enterprise Development Fund Khizr Pervez, among other senior officials. During his address, Qasim Naveed Qamar welcomed the participants and emphasized the Sindh government's commitment to inclusive economic development through the PPP framework. He highlighted key opportunities in sectors such as infrastructure, agriculture, livestock, fisheries, innovation, and digital skills development. A detailed briefing supported by maps and charts was presented on current PPP projects, revealing that the total estimated portfolio stands at Rs616,299 million. Officials from the Investment Department and related agencies shared updates and responded to queries from the business community. The participants appreciated the Sindh government's efforts and suggested inviting representatives from all major business associations in Karachi to future meetings. Qasim Naveed Qamar agreed to the proposal and assured continued engagement with the private sector to ensure shared growth and development. Copyright Business Recorder, 2025
Business Recorder
02-05-2025
- Business
- Business Recorder
Sindh's PPP investment portfolio reaches Rs616bn
KARACHI: Sindh's investment portfolio under the Public-Private Partnership (PPP) model has reached Rs616 billion, reflecting the provincial government's commitment to leveraging private sector participation for infrastructure development and economic growth. This was revealed by Syed Qasim Naveed Qamar, Special Assistant to the Chief Minister of Sindh on Investment and Public-Private Partnership, while speaking to Business Recorder on the sidelines of a high-level meeting with prominent industrialists and business leaders held at a local hotel here on Thursday. The meeting was held in light of the instructions of Pakistan Peoples Party Chairman Bilawal Bhutto Zardari and as a follow-up to a recent session chaired by Sindh Chief Minister Syed Murad Ali Shah. It aimed to brief stakeholders on Sindh's ongoing development initiatives and explores public-private collaboration opportunities. Leading members of the business community including MNA Mirza Ikhtiar Baig, Zubair Motiwala, Arif Habib, Arif Elahi, Danish Khan, Junaid Naqi, Zahid Saeed, Sameer Chinoy, and Danish Elahi attended the session. Also present were Sindh Secretary for Investment Raja Khurram Shahzad, Secretary Transport and Director General PPP Unit Asad Zamin, CEO Sindh Economic Zone Management Company Abdul Azim Aqili, and CEO Sindh Enterprise Development Fund Khizr Pervez, among other senior officials. During his address, Qasim Naveed Qamar welcomed the participants and emphasized the Sindh government's commitment to inclusive economic development through the PPP framework. He highlighted key opportunities in sectors such as infrastructure, agriculture, livestock, fisheries, innovation, and digital skills development. A detailed briefing supported by maps and charts was presented on current PPP projects, revealing that the total estimated portfolio stands at Rs616,299 million. Officials from the Investment Department and related agencies shared updates and responded to queries from the business community. The participants appreciated the Sindh government's efforts and suggested inviting representatives from all major business associations in Karachi to future meetings. Qasim Naveed Qamar agreed to the proposal and assured continued engagement with the private sector to ensure shared growth and development. Copyright Business Recorder, 2025
Express Tribune
01-05-2025
- Business
- Express Tribune
South Asia's longest 12.5km river bridge under construction in Sindh
Listen to article Pakistan is constructing what will be the longest river bridge in South Asia, the Ghotki-Kandhkot Bridge, spanning 12.5 kilometers across the Indus River in Sindh province. The project, which is expected to be completed by 2028 at an estimated cost of Rs30.5 billion, aims to enhance regional connectivity and spur economic development. 'This is going to be the longest river bridge in the entire South Asian region,' said Syed Qasim Naveed Qamar, Special Assistant to the Chief Minister of Sindh on Investment and Public-Private Partnership, during a meeting with members of the business community on Thursday. Qamar noted that construction work has been in progress for the past two years and is currently advancing at full pace. 'We aim to complete and inaugurate the bridge by 2028,' he added. Strategically located at the tri-junction of Sindh, Punjab, and Balochistan, the bridge is expected to drastically cut travel time across the Indus from 2.5 hours to just 15 minutes. Beyond improving mobility, it is also seen as a solution to persistent law and order issues and kidnapping incidents in the katcha areas, the underdeveloped low-lying regions near the riverbanks. 'While Ghotki has experienced some industrial development and better road infrastructure, Kandhkot has lagged behind. This bridge will help open up job opportunities and improve livelihoods in Kandhkot,' Qamar said. During the meeting, Qamar and his team also presented nearly a dozen infrastructure and social sector projects, including roads, schools, hospitals, and special economic zones, with a combined investment potential of over Rs616 billion. The aim, he said, is to attract private sector investment through public-private partnerships. Prominent business leaders in attendance included MNA Mirza Ikhtiar Baig, KCCI's Zubair Motiwala, industrialist Arif Habib, and other key stakeholders such as Arif Elahi, Danish Khan, Junaid Naqi, Zahid Saeed, Sameer Chinoy, and Danish Elahi.
