{"id":71884,"date":"2020-11-06T15:44:28","date_gmt":"2020-11-06T10:44:28","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=71884"},"modified":"2020-11-06T16:44:43","modified_gmt":"2020-11-06T11:44:43","slug":"finance-dept-to-release-funds-for-mega-projects-karachi","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/finance-dept-to-release-funds-for-mega-projects-karachi.html","title":{"rendered":"Finance dept directed to release funds for 5 mega projects in Karachi"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Karachi: Sindh Chief Minister (CM) Syed Murad Ali Shah \u2013 while presiding over a meeting held on Karachi Mega Projects \u2013 directed the finance department to issues funds amounting to PKR 2.39 billion for the development of five mega projects in the city, according to a news report published on November 5.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/pakistan-engineering-council-to-help-tackle-urban-flooding-issue-in-karachi.html\" target=\"_blank\" rel=\"noreferrer noopener\">Pakistan Engineering Council to help tackle urban flooding issue in Karachi<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to the details revealed, the meeting was told that a rehabilitation scheme for 12 roads surrounding Lee Market, Lyari, had been launched with an estimated cost of PKR 649.210 million. As per the source, eight of these roads have been completed and the remaining roads are 85% complete.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Furthermore, the CM was informed that three mega <a href=\"https:\/\/www.zameen.com\/news\/pms-karachi-transformation-plan-centre-commits-funding-5-infrastructure-projects.html\" target=\"_blank\" rel=\"noreferrer noopener\">projects in Karachi <\/a>have also been launched with an estimated cost of PKR 909.923 million. These initiatives include:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The rehabilitation of roads from Ghani Chowrangi to Rasheedabad and from Habib Metro to Police station, SITE; estimated to cost PKR 282.743 million.<\/li><li>The rehabilitation of main track from Ghani Chowarngi to Hub River via GET College; estimated to cost PKR 201.808 million.<\/li><li>The rehabilitation of stormwater drain, including dual carriageway from Ahsanabad Police Station Chowk to Maymar Road; estimated to cost PKR 425.372 million.<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/consortium-invest-mega-projects-lahore-karachi.html\" target=\"_blank\" rel=\"noreferrer noopener\">Consortium of top businessmen to invest in mega-projects in Lahore, Karachi<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Of an accumulated cost of PKR 909.923 million, CM Murad has directed the finance department to release half the amount. The other half will be released once the utilization report of already released funds is submitted. Also, the instructions to complete the schemes by the year-end were conveyed.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">While reviewing the project of worth PKR 995.03 million for the construction of road from Gulbai to Y-junction (including stormwater drain), the CM issued directions for the concerned officials to construct all Hawksbay roads simultaneously to reopen the area for the tourists.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karachi: Sindh Chief Minister (CM) Syed Murad Ali Shah \u2013 while presiding over a meeting held on Karachi Mega Projects \u2013 directed the finance department to issues funds amounting to PKR 2.39 billion for the development of five mega projects in the city, according to a news report published on November 5. Read: Pakistan Engineering Council to help tackle urban flooding issue in Karachi According to the details revealed, the meeting was told that a rehabilitation scheme for 12 roads surrounding Lee Market, Lyari, had been launched with an estimated cost of PKR 649.210 million. As per the source, eight of these roads have been completed and the remaining roads are 85% complete. Furthermore, the CM was informed that three mega projects in Karachi have also been launched with an estimated cost of PKR 909.923 million. These initiatives include: The rehabilitation of roads from Ghani Chowrangi to Rasheedabad and from Habib Metro to Police station, SITE; estimated to cost PKR 282.743 million. The rehabilitation of main track from Ghani Chowarngi to Hub River via GET College; estimated to cost PKR 201.808 million. The rehabilitation of stormwater drain, including dual carriageway from Ahsanabad Police Station Chowk to Maymar Road; estimated to&hellip;<\/p>\n","protected":false},"author":75,"featured_media":61673,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[20385,15016],"tags":[42498],"persona":[],"class_list":["post-71884","post","type-post","status-publish","format-standard","has-post-thumbnail","category-development-projects","category-new-developments","tag-mega-projects-in-karachi","cat-20385-id","cat-15016-id"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Finance dept to issue funds for 5 mega projects in Karachi - Zameen News<\/title>\n<meta name=\"description\" content=\"Furthermore, the CM was informed that three mega projects in Karachi have also been launched with an estimated cost of PKR 909.923 million.\" \/>\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\/finance-dept-to-release-funds-for-mega-projects-karachi.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Finance dept to issue funds for 5 mega projects in Karachi - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Furthermore, the CM was informed that three mega projects in Karachi have also been launched with an estimated cost of PKR 909.923 million.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/finance-dept-to-release-funds-for-mega-projects-karachi.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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