Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Breaking News

CM, World Bank agree to launch Rs110b housing project for flood victims

byCT Report
01/10/2022
in Breaking News, Karachi, Latest News, Slider News
Share on FacebookShare on Twitter

KARACHI: Sindh Chief Minister Syed Murad Ali Shah with assistance of the World Bank (WB) has decided to launch a Rs110 billion housing project for the flood-affected people for which a special unit would be established under the chief secretary.

This emerged on Friday in a meeting between CM Syed Murad Ali Shah and World Bank Country Director Mr. Najy Benhassine who attended the meeting through video link from Islamabad.

You might also like

KP approves Finance Bill 2026-27 with new taxes, tougher penalties

27/06/2026

Pakistan honored with SCO Business Council leadership for 2027

27/06/2026

The meeting was attended by provincial ministers, Dr. Azra Pechuho, Manzoor Wassan, Nasir Shah Jam Khan Shoro, Zia Abbas Shah, Rasool Bux Chandio, Murtaza Wahab, Chief Secretary Sohail Rajput, Chairman P&D Hassan Naqvi, and concerned secretaries.

The World Bank team who attended the meeting in person include Program Leader Abedalrazaq Khalif, Senior Disaster Risk Management Specialist Elif Ayhan, Bilal Khalid, Kamran Akbar, Yunziyi Lag, and Farah Yamin.

The CM said that he has already deputed teams to clear water from the flooded towns and villages. “The dewatering process is in progress and hopefully within one and half months it would be evacuated,” he said and added that he would start construction of houses for the affected people once the water is disposed off.

He said the winter season was over the head, therefore we have to make housing arrangements for the people. He urged the World Bank to finance the housing project.

The CM and the World Bank Country Director after thoroughly discussions and deliberations decided to launch the project for Rs110 billion for which a company would be established under the control of the chief secretary.

The Chief Executive Officer (CEO) of the company with the support of the public and private sector would start the construction of the houses for which the survey is in progress.

The CM took up another project with the World Bank saying that the floods have destroyed the road network and sunk the drainage system in Karachi, adding he wanted to start a project of Rs13 billion to reconstruct the damaged roads of the city.

The World Bank committed Rs6 billion for the project and the chief minister said he would arrange the remaining amount of Rs7 billion from other sources.

The CM talking about the repair, and reconstruction of the sewerage lines said that the recent heavy rains have sunk them. He added that his government has worked out a Rs25 billion scheme to overhaul the sewerage system along with their widening and redesigning.

The World Bank Country Director agreed that the project would be financed through the KWSSIP project.

The CM also took the project of reconstruction of Jam Sadiq Bridge or a parallel bridge for which the world bank and the Sindh government team agreed to discuss the project in the next meeting scheduled to be held next week.

The CM discussing the plight of growers said that the floods have caused them irreparable loss. He said that his government has prepared a scheme of Rs 30 billion to provide subsidies to growers in the heads of fertilizer and certified seeds.

“We have to revive our flooded agro-industry by giving them some incentives,” he said and added the growers were not in such a position to purchase certified seeds, fertilizers other inputs.

The World Bank agreed to provide $323 billion for the purpose so that the growers could reclaim their lands from the floods and start the upcoming Rabi crop.

Related Stories

KP approves Finance Bill 2026-27 with new taxes, tougher penalties

byCT Report
27/06/2026

PESHAWAR: The Khyber Pakhtunkhwa government has approved the Finance Bill for fiscal year 2026-27, introducing significant increases in provincial taxes...

Pakistan honored with SCO Business Council leadership for 2027

byCT Report
27/06/2026

ARACHI: Atif Ikram Shiekh, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has attended the Shanghai...

Pakistan, Iran push for rail and road connectivity to unlock bilateral trade

byCT Report
27/06/2026

LAHORE: Pakistan and Iran have agreed to accelerate efforts to improve cross-border transportation networks, with both countries identifying stronger road...

SHC declares FBR officers’ appointment to monitor private business null & void

byCT Report
27/06/2026

KARACHI: The Sindh High Court (SHC) on Saturday declared a Federal Board of Revenue (FBR) office order appointing officers to...

Next Post

Finance Minister Ishaq Dar massively slashes petrol price by Rs12.63 per litre

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.