Immovable property new table for 3 major cities being prepared, Shah tells World Bank Director
KARACHI: Sindh Chief Minister Syed Murad Ali Shah held a via video link meeting s Chief Minister’s House with World Bank Country Director Naji Ben Hussain.
The meeting was also attended the provincial ministers Owais Qadir Shah, Sohail Sial, Nasir Shah, Chief Secretary Mumtaz Shah, Chairman P&D, Principal Secretary, Secretaries school education, irrigation, labor, health and others.
Sindh Chief Minister Syed Murad Ali Shah said the development partnership with the World Bank has three priorities. They are health and education, women’s participation in economic development, and added that the strengthening of safety nets are among the things that can be done better in difficult times or disasters.
Sindh CM told the World Bank country director that Sindh is the first province to carry fiscal responsibility legislation. This bill has been introduced in the provincial assembly. He said, fiscal responsibility will also include Medium Term Fiscal Framework, Expenditure Increase Limit and Deficit Limit.
The meeting was informed that legislation is being enacted to bring the valuation table of immovable property in accordance with the FBR table. This table is being prepared for Karachi, Hyderabad and Sukkur.
The World Bank Country Director said that the World Bank will provide expert support.
The Competitive and Livable City of Karachi project was discussed in the meeting. This project is worth 230$ million, whereas only 3 million dollars have been released in 2021.
The meeting discussed the release of funds for this project.
“Karachi Neighborhood Improvement Project (KNIP) is worth 86 million of which 9.6$ million has also been released”, Sindh Chief Minister’s Spokesperson said.