Pakistan Chowk to Empress Market: WB approves $80m for restoration of old city area

Karachi—The World Bank (WB) as a outcome of constant efforts and interest of the Chief Minister (CM) Sindh, Syed Murad Ali Shah has finally approved Karachi Rehabilitation Project of worth $80 million to restore old city right from Pakistan Chowk to Empress Market.
This was disclosed in a meeting held between Sindh CM Syed Murad Ali Shah and nine-member WB delegation led by Senior Director Mr Ede Ijjaszvazquez. The CM was assisted by ACS (Dev) M. Waseem, Principal Secretary Naveed Kamran Baloch, Secretary Energy Agha Wasif and others.
The WB director said that the bank has, in principal, approved to work With Sindh government to launch $80 m Karachi Old Area Rehabilitation project. “This is the good news I have come here to give you,” the WB senior director said.
The CM Sindh said that he was quite happy to know that the project has been endorsed by the World Bank. “This is not only a good news for me but it is the best news for the people of my city of Karachi,” he said.
He said that Empress Market was the heart of Karachi with its restoration and rehabilitation the entire city would start flourishing in terms of its look. The area right from Pakistan Chowk to Empress Market has historical buildings, parks and streets. The restoration of the area, including drainage, roads, streets, buildings, utilities, parks and other concerned areas would be uplifted and reconstructed.
Additional Chief Secretary (Dev) M. Waseem said that he has posted a PD of the project and Sindh government has allocated $20 million of its share. The PD has identified the spots to be renovated and reconstructed but has developed a work plan. “We are going to launch the project from December 2016,” he vowed.
The senior director WB congratulated the CM Sindh for getting the project for which he visited the residence of Country Director WB in Islamabad. ‘These were your efforts and vision that it is being materialized,” he said.
CM Murad Ali Shah also congratulated the Karachiites, particularly of the old area for the World Bank project.—INP

Share this post

    scroll to top