Political instability has started taking its toll on around $2 billion potential investment in mega projects of dairy, cattle farming and livestock by a Qatari firm, Business Recorder learnt here on Monday.
Sources in the Land Utilisation Department said that the process of land provision to Qatari government was in final stages but the concerned firm, keeping in view prevalent situation, has stopped talks on acquisition of around 5,000 acres land.
The Qatari firm had asked the provincial government for 10,000 acres of land to initiate a world-class cattle farming project. However, Sindh government has decided to provide 5,000 acres land in District Thatta and livestock experiment station Nabisar Road, Taluka Kunri District Umerkot for 99 years, sources said and added that rest of the land would be provided in different parts of the province at a later time.
About the price of the land and the terms and conditions, sources said that the statement of conditions of land provision for mega projects would be issued after proper vetting by the law department. But at present this process has been halted due to current situation in the country, sources said.
The decision to offer land to Qatari firm in Bani Sar cattle farming area was taken at a high-level meeting held under the chairmanship of Sindh Chief Minister Dr Arbab Ghulam Rahim on April 17, 2007.
In the past, cattle farming areas were also provided to many entrepreneurs on a 30-year lease in Thatta and Keenjhar. But later the land allotments were cancelled, as entrepreneurs didn''t turn up to initiate projects. Sources were hopeful that talks with Qatari firm would restart soon to bring huge foreign investment in the country.
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