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Federal govt looking to invest in Sindh

KARACHI: Federal Commerce and Textile Minister Pervaiz Malik has reportedly met Sindh Governor Muhammad Zubair to discuss the law and order situation and investment opportunities in the province.

The governor spoke about various steps taken to rehabilitate the industrial infrastructure in Karachi and other parts of Sindh.

He pointed out that a steady improvement in economic indicators was a sign of growing confidence of the local business community and industrialists in the national economy. “This will attract foreign investors as well,” he added.

The governor highlighted the joint efforts made at the federal and provincial levels in an effort to provide adequate guidance and right information to the stakeholders concerned. He particularly mentioned the end of load-shedding for industrial units which had markedly improved industrial activity in the province.

Malik appreciated the developments in the province, emphasising that concerted efforts were required to arrest the decline in exports of the country’s textile goods.

SMEDA for development for edibles industry

LAHORE: The Small and Medium Enterprises Development Authority (SMEDA) has planned to set up fruit, vegetable and condiment processing and mango pulping centres in Naushehro Feroze and Mirpurkhas, which will cost Rs535.106 million and Rs575.4 million respectively.

In this regard, Smeda CEO Sher Ayub has told Smeda’s provincial office in Sindh to start implementing these projects in the current financial year, says a press statement.

“The main objective of the schemes is to provide services for ripening, sterilisation, pulping, sorting, grading and packaging of fruits and vegetables,” Ayub said.

State-of-the-art agro-processing machinery costing around Rs623 million will be installed for the two facilities, which will enable stakeholders to increase their profits in domestic markets and gain access to international markets for value-added horticultural produce.