AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 129.06 Decreased By ▼ -0.47 (-0.36%)
BOP 6.75 Increased By ▲ 0.07 (1.05%)
CNERGY 4.49 Decreased By ▼ -0.14 (-3.02%)
DCL 8.55 Decreased By ▼ -0.39 (-4.36%)
DFML 40.82 Decreased By ▼ -0.87 (-2.09%)
DGKC 80.96 Decreased By ▼ -2.81 (-3.35%)
FCCL 32.77 No Change ▼ 0.00 (0%)
FFBL 74.43 Decreased By ▼ -1.04 (-1.38%)
FFL 11.74 Increased By ▲ 0.27 (2.35%)
HUBC 109.58 Decreased By ▼ -0.97 (-0.88%)
HUMNL 13.75 Decreased By ▼ -0.81 (-5.56%)
KEL 5.31 Decreased By ▼ -0.08 (-1.48%)
KOSM 7.72 Decreased By ▼ -0.68 (-8.1%)
MLCF 38.60 Decreased By ▼ -1.19 (-2.99%)
NBP 63.51 Increased By ▲ 3.22 (5.34%)
OGDC 194.69 Decreased By ▼ -4.97 (-2.49%)
PAEL 25.71 Decreased By ▼ -0.94 (-3.53%)
PIBTL 7.39 Decreased By ▼ -0.27 (-3.52%)
PPL 155.45 Decreased By ▼ -2.47 (-1.56%)
PRL 25.79 Decreased By ▼ -0.94 (-3.52%)
PTC 17.50 Decreased By ▼ -0.96 (-5.2%)
SEARL 78.65 Decreased By ▼ -3.79 (-4.6%)
TELE 7.86 Decreased By ▼ -0.45 (-5.42%)
TOMCL 33.73 Decreased By ▼ -0.78 (-2.26%)
TPLP 8.40 Decreased By ▼ -0.66 (-7.28%)
TREET 16.27 Decreased By ▼ -1.20 (-6.87%)
TRG 58.22 Decreased By ▼ -3.10 (-5.06%)
UNITY 27.49 Increased By ▲ 0.06 (0.22%)
WTL 1.39 Increased By ▲ 0.01 (0.72%)
BR100 10,445 Increased By 38.5 (0.37%)
BR30 31,189 Decreased By -523.9 (-1.65%)
KSE100 97,798 Increased By 469.8 (0.48%)
KSE30 30,481 Increased By 288.3 (0.95%)

KARACHI: The World Bank report has revealed that a total of 15,000 buses are needed for the comprehensive transport system of Karachi while currently only 1029 buses are operational on city roads including 240 buses of People’s Bus Service, 100 buses of BRT, and 689 old buses operated by private sector.

Besides, work is in progress on route feasibility for the procurement of 500 more buses for the province.

The caretaker provincial minister of finance, revenue, and planning and development in Sindh Muhammad Younus Dagha was told these details by the officers of the Sindh transport department during a briefing on projects at his office in the Sindh secretariat here, said a spokesperson on Thursday.

It was informed that in the light of the report of the World Bank, around 13,000 more public transport buses were needed in Karachi to meet the gap.

During the briefing, the caretaker provincial minister Mohammad Younus Dagha directed that the private sector should be encouraged under public-private partnership projects to meet the huge gap in public transport for Karachi.

The caretaker minister was informed that a plan to provide easy loans to local private transporters through the establishment of an endowment fund was under consideration by the transport department to bring forward the private sector and in this context, it was also suggested that these loans be provided at the zero markup rate.

In the briefing, it was informed that after consultation with the local transporters of Karachi, a proposal was also under consideration to provide soft loans to the local transporters after the purchase of buses.

These purchased buses would be in the name of the Sindh government till the transporters pay the full installments of the loan of these buses.

The participants agreed that the proposal would enable the local transporters to procure new buses on easy loans with the government’s assistance and continue playing their role in public transport for the city with better services.

Copyright Business Recorder, 2023

Comments

Comments are closed.