Incomplete K-IV project causes Rs14b financial dent to exchequer.

KARACHI -- The incomplete K-IV water project for Karachi citizens cost dearly to the national exchequer, causing Rs14 billion financial dent, media reported on Friday.

The government failed to complete the K-IV project after spending seven years of its launching by Sindh Chief Minister Murad Ali Shah back in 2016.

The national treasury suffered a huge financial loss of approximately Rs14 billion on the account of the K-IV water supply project.

Water pipes worth millions were stolen which were procured for the old design of the project.

According to sources, back in 2018, after the work on the old design stopped, the pipes were left unattended. The thieves stole the pipes by cutting them in short pieces with gas cutters but the management remained unaware of the theft.

'K-IV project is not completed after seven years but the goods started to be stolen,' said sources.

A case of the theft was registered at the Jang...