Daily Times

KARACHI: A delegation of Chinese state owned company and a private firm called on Sindh Chief Minister Syed Qaim Ali Shah and expressed its interest to invest and work on Karachi Circular Railway (KCR) and Zulfikarabad – the new city being established near Thatta.

The delegation led by Vin and Jinbo discussed investment opportunities in Sindh and expressed their deep interest into investment in Karachi Circular Railways and in the infrastructure of Zulfikarabad.

The chief minister said that according to a study, Karachi Circular Railways stretches over an area of 43 km with daily up and down turn over of around 700,000 passengers. He said that the project has great investment opportunities.

He directed Transport Minister Mumtaz Khan Jakhrani and Transport Secretary Taha Farooqi to have a meeting with the delegation and discuss investment opportunities and the light rail requirement of the city on Monday.

The delegation of Tashinua group said that their firm has vast experience of city development, road and airport construction. They showed their interest to invest in Zulfikarabad city which is being constructed on the sea shore near Thatta.

The chief minister directed Zulfikarabad DG to hold a separate meeting with the delegation on Monday and discuss mode of investment with them.

Senator Saleem Mandviwala, Transport Minister Mumtaz Jakhrani, Principal Secretary to CM Alamuddin Bullo, Sindh Board of Investment Chairperson Naheed Memon, Transport Secretary Taha Farooqi and others attended the meeting.