Receiving Rs230m from KPT will stabilize KMC: Wahab.

KARACHI -- Administrator Karachi, Sindh Government Spokesperson and CM Advisor on Law Barrister Murtaza Wahab on Friday said that receiving Rs230 million from Karachi Port Trust in the form of municipal tax would make the KMC financially stable.

"This amount will be spent on the development of Karachi. The construction of elevated expressway from ICI Bridge to Y Junction is being started at a cost of Rs 14 billion; the Administrator expressed these views while addressing the ceremony along with Federal Minister for Ports and Shipping Faisal Sabzwari at Karachi Port Trust headquarters here. Chairman KPT Syed Muhammad Tariq Huda, Additional Secretary Maritime Affairs Asad Rafi Chandna, Municipal Commissioner KMC Syed Afzal Zaidi, Finance Advisor Ghulam Murtaza Bhutto and other relevant officers were also present on this occasion.

Speaking on the occasion, Federal Minister for Ports and Shipping Faisal Sabzwari said that KPT has decided in principle that whatever amount is due to KMC should be paid to it. He said that this is for the development and improvement of Karachi. "KPT wanted to start four big projects in Karachi, for these projects NOC was required from the Sindh government and KPT but due to no coordination between the two institutions, the NOC could not be issued. But now through mutual trust, this issue will also be resolved," he added. Administrator Karachi Barrister Murtaza Wahab said that no institution can run without taxation and the development of Karachi is actually the development of Karachi Port Trust as it is an important institution of the city.

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