Karachi: A meeting was held on Monday chaired by the Sindh Chief Secretary Syed Mumtaz Ali Shah. It was attended by a delegation of bankers led by State Bank of Pakistan (SBP) Managing Director (MD) Ashraf Khan and other relevant officials. The meeting considered beautifying I.I. Chundrigar Road from Shaheen Complex to Tower in collaboration with SBP, Pakistan Banking Association (PBA), Pakistan Railways (PR) and other major business located on the main.
I.I. Chundrigar Road is located in Karachi also known as “Pakistan’s Wall Street”, the largest financial hub of the country. The road is a house to main offices of the SBP, Karachi Stock Exchange (KSE), City Railway Station including big-shot corporates, media organizations, numerous banks and some of the country’s tallest buildings.
The Sindh Government in 2017 had devised a decade long project plan for the beautification and upgradation of Karachi by launching the Karachi neighbourhood Improvement Project (KNIP) funded by World Bank. It stood at a cost worth Rs10 billion with three components. Component 1 includes area revitalization, public space enhancement and mobility improvements in Pakistan Chowk, Saddar Downtown and adjoining areas. The beautification of I.I. Chundrigar Road is a part of this.
The meeting discussed salient features of the project to be implemented by the Sindh Government. This includes laying of new water supply lines, re-routing public transport plan, increase the number of shuttle buses and more. The Karachi Commissioner also suggested to vacate encroached footpaths used for vehicle parking. These would be manifested into practicality under collaboration with Karachi Metropolitan Corporation (KMC), Karachi Development Authority (KDA) and KW&SB in attachment to other departments.
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