ISLAMABAD: Adviser to Prime Minister on Finance and Revenue Abdul Hafeez Sheikh said on Thursday that two mega projects worth Rs 95 billion have been approved for Karachi.
The PM’s adviser was speaking to media after addressing a seminar. Sheikh, in his address, said that one of the big projects is regarding the construction of redline transport plan from Malir to Numaish area of Karachi.
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Speaking about the other projects, the finance adviser said that Rs13 billion have been approved for the secondary schools in Sindh, meanwhile, Rs8 billion have been approved for agricultural projects.
He said that an additional 2.7 million people will be given health cards and the government’s priority is to ease the lives of common people and cultivators.
He further said that the approved schemes will help alleviate the condition of the public, and for the purpose of preserving the environment, a project has been approved to plant three billion trees.
The adviser to PM said that this year Rs2,900 billion will be spent in paying loans. He lamented that the economic journey will be perilous and the tax net is decreasing.
He added that the pace of investment should be increased to help the country’s financial situation.
In a session of the Economic Coordination Committee’s Executive Council under Dr Abdul Hafeez Sheikh, nine projects were approved. These projects were approved under the five-year National Agriculture Emergency Programme. The projects pertain to increasing production of rice, wheat, sugarcane, oilseed etc.
