Karachi Chamber of Commerce and Industry’s President stresses on transforming Karachi on modern lines with infrastructure development and execution of mass-transit project : AsiaNet-Pakistan

Karachi Chamber of Commerce and Industry’s President stresses on transforming Karachi on modern lines with infrastructure development and execution of mass-transit project

June 27, 2013 | Chambers of Commerce, Industries | Share:

Karachi, June 27, 2013 (PPI-OT): Karachi Chamber of Commerce and Industry’s President Muhammad Haroon Agar has asserted upon the need of transforming Karachi – the largest metropolis of Pakistan on modern lines with infrastructure development and execution of mass-transit project, particularly establishment of metro-rail across Karachi, execution rapid bus service, organized traffic management system.

Exchanging views with on Karachi’s Development and Management to transform it on modern city with a delegation of International Finance Corporation of World Bank Group led by Moazzam Ahmed, Senior Country Officer, IFC during their visit to KCCI, Haroon Agar stated that the Karachi city holds a unique importance as the financial, commercial and industrial hub of Pakistan which accounts for a lion’s share in the country’s revenue generation.

The sea ports of Karachi handle 95 percent port activities. More than 16000 industries were operating in the seven industrial zones of Karachi. There were 1.5 Million SMEs and cottage industries and around 500 markets and commercial centres which collectively provide bread and butter to millions of people.

Haroon Agar stated that projects like mass-transit, solid-waste management and sea water desalination plant are indispensable for Karachi. There is a dire need to establish combine effluent treatment plants in all the industrial zones of Karachi to protect the environment.

The mega city, keeping in view, the unrest and precarious law and order situation also needs another Expo Centre in the area of Karachi Airport whereby the foreign exhibitors may come participate in the exhibitions and fly back. Of course, new five star hotels are also required to be establish in the area adjoining area of new expo centre in the vicinity of airport, he added. Law and Order situation is itself and burning issue of Karachi, therefore, Karachi also requires a master safety and security plan with a rapid police force. The city also requires efficient water supply and sewerage system. He stated necessary project can be initiated on Public-Private Partnership Basis or Build-Operate-Transfer (BOT) basis.

Moazzam Ahmed, Senior Country Officer, IFC/ Wold Bank Group who was accompanied by Ming Zhang, Sector Manager Urban and Water, Fatima Shah and Shahbaz Arshad, Senior Urban Specialists, stated that the World Bank Team was on a study mission with the objective to follow up on previous discussion with Government of Sindh and agencies involved in Karachi’s development and management on city’s transformation and follow-up meetings for the Pakistan Urban Sector Assessment Study.

The delegation recognized the role of KCCI in promotion of commercial and industrial activities in Karachi and elsewhere. The delegation also sought proposals from KCCI to development in Karachi.

For more information, contact:
Karachi Chamber of Commerce and Industry
Aiwan-e-Tijarat Road ,
Off: Shahrah-e-Liaquat ,Karachi-74000
Ph: 92-21-99218001-09
Fax: 92-21-99218010
Email: info@karachichamber.com
Website: www.karachichamber.com

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Category: Chambers of Commerce, Industries