Sindh, Belgium's state agency ink MoU for promotion of trade

KARACHI: The Sindh government and Belgium state agency, Wallonia Export-Investment, on Monday inked a memorandum of Understanding (MoU) for promotion of trade, investment and jointly working on public–private partnership (PPP) mode in the province.

According to a statement, Director Sindh Board of Investment Azeem Uqaili, and Mrs Pascale Delcomminette signed the MoU.

Sindh Chief Minister Syed Murad Ali Shah and ambassador of Belgium Frederic Verheydin were also present on the occasion.

Talking to Belgium’s ambassador, CM Murad Ali Shah said that his government was seriously working on adopting new cropping patterns under which low-water crops would be sown.

“In this sector Sindh and Belgium traders can work on PPP mode,” he said and added that there was huge potential in corporate cattle farming in Sindh.

The visiting trade delegation showed interest in renewable energy, water supply for Karachi and Bus Rapid Transit project, reads the statement

It was decided in the meeting that the traders of Belgium and Sindh Board of Investment would sit together and explore the avenues for investment.

Read More: Sindh govt, WB mull over partnership for another $10bn projects

Sindh Chief Minister Syed Murad Ali Shah and 11-member of World Bank high-level delegation led by its Country Director Patchamuthu Illangovan, on October 2, discussed over $10 billion projects.

The meeting was attended by provincial ministers, Saeed Ghani, Ismail Rahu, Syed Sardar Shah, Imtiaz Shaikh, Advisor to CM on Law Murtaza Wahab, Chief Secretary Mumtaz Shah and the relevant provincial secretaries.

Murad Ali Shah had said he was working for reforming governance, economic growth, sustainable development and human capital development.