PolicyQuick read

Govt, private sector could transform Sindh into industrial hub: CM

Business Recorder • • 1 min read

Govt, private sector could transform Sindh into industrial hub: CM

Business Recorder reported that Sindh Chief Minister Syed Murad Ali Shah, speaking at a yearly dinner held by the Korangi Association of Trade and Industry (KATI), said government and private players could jointly turn the province into an industrial and economic hub. A meeting with KATI industrialists will be convened soon to take up infrastructure, transport, energy, and law and order concerns.

Acting on a request from the trade body, he said an emergency snorkel will be supplied for handling crises in the industrial area. He also said the province has cleared Rs9.282 billion for upgrading infrastructure across Karachi's industrial zones. On the Yellow Line project, he assured industrialists that their concerns would be addressed, stressing that factories cannot shut even for two hours while the project is executed.

Murad Ali Shah credited a task force with positive results and said law and order had improved over recent months, adding that dacoits in riverine areas had surrendered. KATI acting chief Zubair Chhaya, meanwhile, voiced serious reservations about the Yellow Line project, arguing the current mechanism could affect industrial activity and production capacity. The association also thanked the provincial government for a special grant of Rs25 million.

At a glance

  • Sindh government approved Rs9.282 billion for rehabilitating and improving infrastructure in Karachi's industrial areas.
  • An emergency snorkel will be provided for the industrial area, the chief minister said.
  • A mechanism will be developed with industrialists to keep operations continuous during the Yellow Line project.

Originally reported by Business Recorder

This page is Investify's own summary. The full report, with all details and context, is on the publisher's site.

Read the full story

Want the full article here?

Log in to read the full article in the Investify reader, in English or Urdu.

Investify summarizes Pakistan Stock Exchange news in its own words and links each story to its original publisher. We always credit the source so you can read the full report and verify the details before making financial decisions.

Built for PSX investors

Your market watch, portfolio and news desk in one app.

Follow live PSX prices, track holdings, read business news, and keep your watchlist close before the market moves.

Investify app live PSX stock list on iPhone