PM Imran announces ‘historic’ package for Karachi’s transformation

In order to save Karachi from its despair, Prime Minister Imran Khan unveiled a “historic” financial package worth Rs1.1 trillion for Karachi’s transformation. The PM said that the package will address the chronic municipal and infrastructure issues of the country’s financial hub, which came into light last month after record-breaking monsoon rains caused widespread devastation and left dozens dead.

Addressing a press conference in Karachi alongside Sindh Chief Minister Murad Ali Shah and Governor Imran Ismail, the premier said the federal and Sindh governments had decided to deal with Karachi’s problems “together” following negotiations.

According to the documents, the Karachi Circular Railway (KCR) — worth Rs300 billion — has been included as one of the projects under the Rs802 billion KTP’s mass transit systems. China would provide Rs250 billion, the Government of Sindh would add Rs50 billion to the project.

Six mass transit system projects worth Rs447.43 billion would be announced under the KTP. Among the development projects are eight sewerage projects, four solid waste management projects, two water drainage projects, and various road construction and repair projects costing Rs162.60 billion, Rs14.86 billion, Rs4.70 billion, and Rs62.30 billion, respectively.

Rs723.25 billion more are needed for the completion of the transformation plan while Rs32 billion have already been allocated to the development projects in the current year’s budget while Rs47.18 billion have been spent so far.

Source: Dawn