The Sindh government has approved a financial package of Rs 9.282 billion for the rehabilitation of the deteriorating infrastructure of Karachi’s major industrial districts. This allocation includes Rs 2 billion specifically for the Korangi industrial area, which has been welcomed by the Korangi Association of Trade and Industry (KATI) as a significant step towards reviving economic activities.
Korangi Association of Trade and Industry (KATI) President Muhammad Ikram Rajput praised the decision today, thanking Sindh Chief Minister Murad Ali Shah for fulfilling a long-standing demand of the industrial community. He attributed the move to the industrialization vision of the Pakistan People’s Party leadership and also commended the role of the Sindh Cabinet in the approval.
Rajput pointed out that due to prolonged neglect and the strain of continuous industrial operations, the infrastructure of the city’s industrial zones has significantly deteriorated over time. He said this dilapidation has been a major impediment to manufacturing and commercial activities, which are now expected to be revitalized with the new funding.
Citing past experiences, the KATI president asserted that previous government funds allocated for industrial zones were utilized transparently and effectively. He highlighted that projects managed by industrial bodies, such as KITE Limited, were completed at a low cost and to international standards, setting a precedent for successful public-private collaboration.
The business leader predicted that this infrastructure rehabilitation will bring significant positive outcomes for the national economy, including increased exports, job creation, and overall financial stability. He emphasized that as Pakistan’s economic hub, the poor condition of Karachi’s industrial areas, particularly Korangi, Landhi, and SITE, has caused substantial economic losses to the country.
Rajput urged the Sindh government to ensure the prompt disbursement of the approved capital to commence rehabilitation work without delay. He described the government’s decision as a positive signal that it is aware of the challenges faced by the trade and industry sectors and is committed to resolving them.
Looking to the future, the KATI president advocated for further promoting public-private partnerships, describing this model as essential for contemporary development. He argued that collaboration between the government and the private sector enhances transparency and efficiency in projects while ensuring the optimal use of resources. He expressed hope that such partnerships will continue to modernize Karachi’s industrial infrastructure, thereby strengthening Pakistan’s economy on a sustainable basis.