Work on Rs7.404b KIP may start in September

Planning Minister Ahsan Iqbal on Wednesday directed evaluation of the updated PC1 Karachi Industrial Park project in the light of revised project scope and instructed stakeholders to prepare for groundbreaking ceremony scheduled for Sept 4.

The minister chaired a meeting with officers from the Ministry of Industries and Production, Board of Investment and Pakistan Industrial Development Corporation to review the progress of the high-priority project, said a press release.

The project is slated for completion within 15 months. The total project cost is estimated at Rs7.404 billion, to be financed over six quarters.