Karachi: The provincial capital of Sindh and the country’s largest metropolis needs USD 10 billion over the next ten years to meet its infrastructural requirements, reported a news source. This includes its service-delivery needs in urban transport, water supply and sanitation, and disposal of solid waste.
This information was revealed by World Bank’s Senior Specialist in Finance, Competitiveness and Innovation Namoos Zaheer. Zaheer made these revelations when talking about Karachi’s issues in a report titled ‘Transforming Karachi into a livable and competitive megacity: a city diagnostic and transformation strategy’.
She presented this report in the Karachi Chamber of Commerce and Industry and emphasised on the need to develop Karachi due to it being the ‘engine of growth’ for Pakistan. The city generates 12-15% of the country’s GDP and is a manufacturing powerhouse.
Zaheer also stressed on the need to efficiently utilise government resources to yield greater results from its own projects than those funded by international organisations.
