CM, WB review $3b Sindh portfolio

KARACHI:

Chief Minister Murad Ali Shah met with a World Bank delegation, headed by Country Director Najy Benhassine, on Thursday to review the $3.124 billion Sindh portfolio and set new deadlines for various development projects.

Attendees at the high-level meeting, which took place at the CM House, also included provincial ministers, chief secretary, and other key officials, while the World Bank team comprised sector heads.

The active Sindh portfolio includes 13 development projects, for which $1.36 billion has already been disbursed by the global lender. These projects include water management, infrastructure, solar energy, education, and health services.

Some of the key initiatives under review were the Karachi Mobility Project (KMP), Sindh Flood Emergency Rehabilitation Project (SFERP), Sindh Flood Housing Emergency Reconstruction Project (SFHERP), and Karachi Water and Sewerage Services Improvement Project (KWSSIP).

The $500 million SFERP is aimed at rebuilding infrastructure and providing livelihood support to the areas affected by the 2022 floods. It comprises four components: infrastructure rehabilitation, livelihood support, institutional strengthening, and project management.