Rs1,113 billion package was announced by Prime Minister Imran Khan for the development of Pakistan’s financial capital. He gave directives to set up a coordination and implementation committee headed by the Sindh Chief Minister Syed Murad Ali Shah to bring together all the “stakeholders and authorities” and make important decisions.
Even though PM Khan clearly said that the fund was decided with contribution from both federal and provincial governments, it isn’t known what is the exact share of each side.
A week after record rains in Karachi, PM Khan visited the city. He said that everyone must be given credit for the fight against COVID-19. Also making CM Shah head of the committee meant that he was being politically accommodating.
A historic package announcement was made by PM named Karachi Transformation Plan. Under this plan Rs92bn will be for water supply projects, Rs267bn for solid waste management, clearance for stormwater drains and resettlement projects, Rs141bn for sewage treatment, Rs41bn for road projects, and Rs572bn for mass transit, rail, and road transport project.
Imran Khan said, “There’s hardly any country in the world that has come out of the coronavirus crisis to such a level as we have.”
Adding, “And I repeat we emerged successful because of the coordinated efforts made by everyone. This flood situation not in Karachi or Sindh alone but across the country has given another test to us. I believe, Insha Allah, we would come out of this challenge too through the same coordinated efforts.”
“In this [development] package, the provincial government would pool its share and so will the federal government that would make the total around Rs1,100 billion.”
Imran Khan also acknowledged, “There’s no doubt that Karachi received unprecedented rains. The city was already facing many problems. So I see it as a blessing in disguise that these rains have brought things under the spotlight and now the pending issues of the city would also be resolved at the same time.”