{"id":56324,"date":"2019-10-15T12:43:09","date_gmt":"2019-10-15T07:43:09","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=56324"},"modified":"2019-10-15T13:02:44","modified_gmt":"2019-10-15T08:02:44","slug":"all-funds-earmarked-karachis-development-projects-released","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/all-funds-earmarked-karachis-development-projects-released.html","title":{"rendered":"All funds earmarked for Karachi&#8217;s development projects released"},"content":{"rendered":"<p>Lahore: The federal government has released all the funds that it had previously earmarked for the development of several infrastructure projects under a \u2018Karachi Package\u2019 announced for (fiscal year) FY2019-20, a news source reported. The data pertaining to the funds released indicates that the government has also issued a significant portion of the funds reserved in the current fiscal year for the Greenline Bus Rapid Transit (BRT) project.<\/p>\n<p><strong>Read<\/strong>:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/japan-willing-to-collaborate-on-development-projects-in-pakistan.html\" target=\"_blank\" rel=\"noopener noreferrer\">Japan willing to collaborate on development projects in Pakistan<\/a><\/p>\n<p>The funds release was sanctioned following a meeting between Prime Minister (PM) Imran Khan and a delegation of the Muttahida Quami Movement-Pakistan (MQM-P) earlier this month. During this meeting, the MQM-P representatives requested the PM to order the release of the funds for expediting the <a href=\"https:\/\/www.zameen.com\/news\/development-projects-worth-pkr-8-61-bn-to-be-launched-in-karachi.html\" target=\"_blank\" rel=\"noopener noreferrer\">infrastructure development of Karachi<\/a>.<\/p>\n<p>The development package for the metropolis includes:<\/p>\n<ul>\n<li>Construction of a fly-over at Sakhi Hassan, Five Star, KDA Roundabout along Sher Shah Suri Road<\/li>\n<li>Re-construction of Nishtar Road &amp; Mangho Pir Road<\/li>\n<li>Re-construction of Mangho Pir Road from Jam Chakro to Banaras<\/li>\n<li>Rehabilitation\/up-gradation of Karachi Metropolitan Corporation (KMC)\u2019s existing fire-fighting system<\/li>\n<\/ul>\n<p>As per reports, the federal government has released funds worth PKR 893 million for the construction of the crossing at Sakhi Hassan, Five Star, and KDA Roundabout. Meanwhile, the total cost of the project is worth an estimated PKR 2.386 billion.<\/p>\n<p>Read:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/sindh-govt-spend-pkr-248-mn-beautify-i-i-chundrigar-road.html\" target=\"_blank\" rel=\"noopener noreferrer\">Sindh govt to spend PKR 248 mn to beautify I.I Chundrigar Road<\/a><\/p>\n<p>For the Nishtar Road and Mangho Pir Road project, the executive has released the allocated amount of PKR 1.118 billion \u2013 it\u2019s total cost being PKR 1.9 billion.<\/p>\n<p>Further, it released an allocated sum of PKR 1.064 billion for the re-construction of Mangho Pir Road from Jam Chakro to Banaras. The total cost of this project amounts to PKR 2.44 billion.<\/p>\n<p><strong>Read<\/strong>:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/kmc-budget-worth-pkr-26-438-bn-fy2019-20-announced.html\" target=\"_blank\" rel=\"noopener noreferrer\">KMC budget worth PKR 26.438 bn for FY2019-20 announced<\/a><\/p>\n<p>Similarly, the total cost of the KMC fire-fighting system upgrade project stands at PKR 1.876 billion. The centre has released the allocated sum of PKR 855 million for the project.<\/p>\n<p>Moreover, for the Greenline BRT project, the government has <a href=\"https:\/\/www.zameen.com\/news\/ecnec-approves-gwadar-eastbay-expressway-karachi-brt-other-projects.html\" target=\"_blank\" rel=\"noopener noreferrer\">released an amount <\/a>of PKR 1.838 billion against an allocated sum of PKR 2 billion for FY 2019-20.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lahore: The federal government has released all the funds that it had previously earmarked for the development of several infrastructure projects under a \u2018Karachi Package\u2019 announced for (fiscal year) FY2019-20, a news source reported. The data pertaining to the funds released indicates that the government has also issued a significant portion of the funds reserved in the current fiscal year for the Greenline Bus Rapid Transit (BRT) project. Read:\u00a0Japan willing to collaborate on development projects in Pakistan The funds release was sanctioned following a meeting between Prime Minister (PM) Imran Khan and a delegation of the Muttahida Quami Movement-Pakistan (MQM-P) earlier this month. During this meeting, the MQM-P representatives requested the PM to order the release of the funds for expediting the infrastructure development of Karachi. The development package for the metropolis includes: Construction of a fly-over at Sakhi Hassan, Five Star, KDA Roundabout along Sher Shah Suri Road Re-construction of Nishtar Road &amp; Mangho Pir Road Re-construction of Mangho Pir Road from Jam Chakro to Banaras Rehabilitation\/up-gradation of Karachi Metropolitan Corporation (KMC)\u2019s existing fire-fighting system As per reports, the federal government has released funds worth PKR 893 million for the construction of the crossing at Sakhi Hassan, Five Star,&hellip;<\/p>\n","protected":false},"author":68,"featured_media":34938,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[13441],"persona":[],"class_list":{"0":"post-56324","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-details-on-all-funds-earmarked-for-karachis-development-projects-released"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>All funds earmarked for Karachi&#039;s development projects released - Zameen News<\/title>\n<meta name=\"description\" content=\"Lahore: The federal government has released all the funds that it had previously earmarked for the development of several infrastructure projects under a\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/all-funds-earmarked-karachis-development-projects-released.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"All funds earmarked for Karachi&#039;s development projects released - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Lahore: The federal government has released all the funds that it had previously earmarked for the development of several infrastructure projects under a\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/all-funds-earmarked-karachis-development-projects-released.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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