• For third year, no new mega project announced for the country’s economic hub
• Meagre allocations for Sukkur motorway and K-IV projects deplored

KARACHI: Trade and industry leaders on Saturday strongly criticised the federal and Sindh budgets for the upcoming fiscal year, calling them deeply disappointing and discriminatory towards Karachi, the country’s economic nerve centre.

Businessmen Group (BMG) Chairman Zubair Motiwala and Karachi Chamber of Commerce and Industry (KCCI) President Jawed Bilwani expressed serious concerns over the sheer neglect and denial of essential development funds to Karachi and the province of Sindh as a whole.

In a joint statement, they also demanded that before the approval of budgets, necessary amendments be made by significantly enhancing allocations for Karachi-centric development projects.

Highlighting the gross underfunding of the Sukkur-Hyderabad Motorway, a strategic infrastructure project vital for the economic connectivity of Sindh and Karachi, they said........

© Dawn Business