Karachi: The federal government has allocated PKR 37 billion in the budget 2022-23 for various development projects in Karachi under funding offered by international institution and allied countries, according to news published on June 13.
During the departing financial year (FY) 2021-22, a sum of PKR 16.61 billion was spent on development projects in Karachi with the financial support provided by other countries and international development/financial institutions.
In the new federal budget, the allocation of the funds is as follows:
PKR 90 million is allocated for the IT Park in Karachi, which is being developed with the help of the Republic of Korea
PKR 1.75 billion will be used to improve the Karachi Water and Sewerage Board’s performance with the support of WB
PKR 5 billion will be spent by WB – with the support of the International Bank for Reconstruction and Development (IBRD) – for Karachi Mobility Project
PKR 11.65 billion will be provided by European Bank for Reconstruction and Development (EBRD) for the Competitive and Livable City of Karachi (CLICK) project
PKR 4.92 billion will be provided by the Asian Development Bank (ADB) for the Karachi Sustainable Bus Rapid Transit project
PKR 3.62 billion will be provided by France for the Karachi Bus Rapid Transit project
PKR 2.17 million will be spent by the Asian Infrastructure Development Bank (AIIB) on improving the performance of the Karachi Water Board
PKR 3.55 billion will be provided by AIIB for the Karachi Bus Rapid Transit project
Hazafa reveres the art of writing and has been turned into a property enthusiast by profession. Her daily survival kit includes; tea, coffee, keyboard and paperbacks.
