Federal government releases Rs8bn for Karachi: reports

ISLAMABAD: The Federal Government of Pakistan Tehreek-e-Insaf (PTI) has released funds of Rs8 billion for the completion of ongoing development projects in Karachi.

Earlier this month a notification was released from Prime Minister house in which it was stated that Asad Umar will monitor all ongoing development projects in Karachi.

 The funds released by the Federal Government for Karachi will be spent through the Sindh Infrastructure Development Company in Karachi.

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Rs2 bn released by the federal government for Karachi will be utilized in the reconstruction of Nishtar Road, Manghopir Road, Signal free corridor from Matric Board office to Sakhi Hassan.

Rs2 bn will be spent for making Green Line Project functional till Numaish Chowrangi, while Rs500 mn has been reserved for the construction of the Institute of Technical and Management Science in Hyderabad.

The PTI government, in the month of March, this year, had announced a Rs162 billion special pack for Karachi.

Announcing the package, the prime minister had said it includes ten projects related to public transportation and seven to the sewerage systems.

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The prime minister had said a campaign would have to be launched to preserve water in Karachi, regretting that no heed was paid to the preservation of water in the past. “What we can do as of now is to launch a water preservation campaign.”

He had maintained if one takes bird’s eye view of Karachi, it looks a heap of concrete and stressed the need for working out a master plan of Karachi.