AGL 37.99 Decreased By ▼ -0.03 (-0.08%)
AIRLINK 215.53 Increased By ▲ 18.17 (9.21%)
BOP 9.80 Increased By ▲ 0.26 (2.73%)
CNERGY 6.79 Increased By ▲ 0.88 (14.89%)
DCL 9.17 Increased By ▲ 0.35 (3.97%)
DFML 38.96 Increased By ▲ 3.22 (9.01%)
DGKC 100.25 Increased By ▲ 3.39 (3.5%)
FCCL 36.70 Increased By ▲ 1.45 (4.11%)
FFBL 88.94 No Change ▼ 0.00 (0%)
FFL 14.49 Increased By ▲ 1.32 (10.02%)
HUBC 134.13 Increased By ▲ 6.58 (5.16%)
HUMNL 13.63 Increased By ▲ 0.13 (0.96%)
KEL 5.69 Increased By ▲ 0.37 (6.95%)
KOSM 7.32 Increased By ▲ 0.32 (4.57%)
MLCF 45.87 Increased By ▲ 1.17 (2.62%)
NBP 61.28 Decreased By ▼ -0.14 (-0.23%)
OGDC 232.59 Increased By ▲ 17.92 (8.35%)
PAEL 40.73 Increased By ▲ 1.94 (5%)
PIBTL 8.58 Increased By ▲ 0.33 (4%)
PPL 203.34 Increased By ▲ 10.26 (5.31%)
PRL 40.81 Increased By ▲ 2.15 (5.56%)
PTC 28.31 Increased By ▲ 2.51 (9.73%)
SEARL 108.51 Increased By ▲ 4.91 (4.74%)
TELE 8.74 Increased By ▲ 0.44 (5.3%)
TOMCL 35.83 Increased By ▲ 0.83 (2.37%)
TPLP 13.84 Increased By ▲ 0.54 (4.06%)
TREET 24.38 Increased By ▲ 2.22 (10.02%)
TRG 61.15 Increased By ▲ 5.56 (10%)
UNITY 34.84 Increased By ▲ 1.87 (5.67%)
WTL 1.72 Increased By ▲ 0.12 (7.5%)
BR100 12,244 Increased By 517.6 (4.41%)
BR30 38,419 Increased By 2042.6 (5.62%)
KSE100 113,924 Increased By 4411.3 (4.03%)
KSE30 36,044 Increased By 1530.5 (4.43%)

Prime Minister Imran Khan on Friday directed the federal government authorities to expedite Rs 162 billion development package announced by the federal government for Karachi, while reviewing a host of mega projects concerning the cosmopolitan.

The decision was taken in a high-level meeting he chaired. Governor Sindh Imran Ismail, Planning Minister Asad Umar, Maritime Affairs Minister Ali Zaidi and other senior officials including federal and provincial secretaries concerned attended the meeting.

According to a press release issued by the Prime Minister's Office (PMO), the PM was given a detailed briefing on the Rs 162 billion development package announced by the federal government for Karachi's development.

A government source told Business Recorder that the PM, following the briefing, directed to expedite the development projects being executed under the development package and ensure that the outstanding payments to the federal authorities regarding development projects are cleared in the ongoing fiscal year 2019-2020.

"The PM is of the view that before this fiscal year ends on June 30 and funds get lapsed, the funds should be released for the federal government projects in Karachi," the source said, on the condition of anonymity. The PMO statement said the meeting reviewed the development projects completed so far, to be completed by June 2020, and the launch of new projects under private-public partnership.

The meeting was informed that Sakhi Hassan, Five Star and KDA flyovers, 6.4 kilometres Nishtar Road and a portion of Manghopir Road have been completed in Karachi, the statement said. The meeting was also informed that Green Line Bus Rapid Transit System's infrastructure would be completed by March 2021.

Moreover, 95 per cent work has been done on the 66 inch water supply line from Banaras to Jam Chakro, while the remaining work would be completed in April this year.

More than Rs 1 billion have so far been spent on the Karachi Municipal Corporation Fire Fighting System and 50 fire fighting tenders would be included in the system under this project, the meeting was informed. The construction of Jinnah Avenue Flyover, up-gradation of Lyari Expressway, expansion of Karachi Northern Bypass, and several other projects were discussed in the meeting, the PMO statement said.

The PM also directed to improve sewerage standards in Karachi to respond to water pollution and water-related problems, it added. "Karachi's progress is the progress of Pakistan. We are fully cognizant of the developmental needs of the country's financial hub and the problems being faced by the people of Karachi. In this regard, the federal government is making all out efforts to address the issues concerning Karachi," PM was quoted as saying in the meeting.

Copyright Business Recorder, 2020

Comments

Comments are closed.