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World Bank: Rs1 trillion needed to make Karachi worthwhile in 10 years

SAMAA | - Posted: Mar 8, 2018 | Last Updated: 2 years ago
SAMAA |
Posted: Mar 8, 2018 | Last Updated: 2 years ago
Karachi needs Rs1 trillion over 10 years to make it a worthwhile megacity, said a World Bank report. The report says the city’s ineffective governance system and powerless institutions, at both provincial and local government levels, are hindering its progress. Broken roads and transport system are also obstacles. World Bank found a lack of coordination...

Karachi needs Rs1 trillion over 10 years to make it a worthwhile megacity, said a World Bank report.

The report says the city’s ineffective governance system and powerless institutions, at both provincial and local government levels, are hindering its progress. Broken roads and transport system are also obstacles. World Bank found a lack of coordination in Karachi’s administration.

The city needs Rs100 billion per annum over 10 years to solve its issues, says the report. That would be a total Rs1 trillion. World Bank suggests increasing taxation and budgetary allocations to generate the amount.

Writing by Minerwa Tahir
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