It was confirmed on Thursday by Prime Minister(PM) Imran Khan and his chief of staff that 100 projects worth Rs.1.1 trillion are being initiated as part of the Karachi Transformational Plan (KTP).
This scheme was set in place to take on the municipal and infrastructure issues, disrupting the country’s financial core.
The PM has stressed that this project is necessary, to work towards finding a permanent solution. This year alone Karachi suffered the harsh consequences during the monsoon season — as a result of the illegal constructions on the nullahs. Hence, Karachi’s drainage and sewerage issues have become the main topic of national discussion. In addition to that, the city witnessed record-breaking rainfall, which caused massive flooding and deaths of dozens of citizens.
Karachi Transformational Plan has further garnered global attention. A Dutch company called AWTEC has reached out with a $1.3 billion proposal to construct a desalination and waste energy plant in Karachi. These projects will create many employment opportunities, by using technology, developed within Pakistan.
This pressing issue was addressed at a high-level KTP meeting led by the Prime Minister, with the attendance of Sindh Governor Imran Ismail and other senior government officials. At the meeting, the PM further stated that the lack of waste management solutions in Pakistan is getting worse day by day. And stressed that the coastal areas of the country are the ones most affected by it.
With this historic package, the government will be able to provide exceptional housing facilities to all cities across Pakistan.
Financial Package worth Rs1.1 trillion for Karachi’s transformation by PM