‘Bundal Island project to attract $50bn investment’

[Sheikh Rauf]

They don't have the money to develop. They will most probably give the land to a development firm of their own choice.

Even they give contract to third party its still a good deal as long as its not privately develope involved by local political parties.

 

[ali_raza]

OUR national interest, andthe protection of Mangroves should come first.

i propose planting bhang on these islands
thats will make many problems go awa

 

[newb3e]

i propose planting bhang on these islands
thats will make many problems go awa

mazaar e charsi ban jai ga wahan!wesay will bhang do well in such hot and humid climate?

 

[newb3e]

check this out guys!

 

[Samlee]

It was orignally riaz malik purposal but good that federal gov is incharge.PPP wants to make huge benifits. Now they push PTI more than you ever imagin.

It Was Originally Diamond Bar Island CityUnder Musharraf And before that technology island city under the late Naimatullah Khan

 

[wali87]

Yeahh okay. Not happening in our lifetime atleast. Just like the so called massive oil reserves that were supposedly discovered and were going to change the fate of the nation.

‘Bundal Island project to attract $50bn investment’
Sindh governor says he will soon meet CM Murad to address PPP's grievances regarding the project
By
Staff Report
-
October 8, 2020

ISLAMABAD: Sindh Governor Imran Ismail has said that the Bundal Island project off the coast of Karachi will attract $50 billion investment, which will benefit the country’s overall economy.

Addressing a news conference along with Maritime Affairs Minister Ali Haider Zaidi on Thursday, the governor said that the federal government will take all the stakeholders on board prior to initiating this eco-friendly project.

He said a working group will be established consisting of representation from provincial and federal governments and other relevant departments.
“Bundle Island will increase the revenue of Sindh and it will also become an important tourist destination in the country,” Ismail said, adding that the project would attract up to five million tourists with people already approaching the government for investment in the project.

He said that Prime Minister Imran Khan wants to expedite work on the Bundal Island project aimed at constructing two new cities on the island.
The governor said the project will generate approximately 150,000 job opportunities, adding that he will soon hold a meeting with Chief Minister Sindh Murad Ali Shah to address reservations of the Sindh government.

“Bundal Island will remain part of the Sindh province,” he said. “This is not a housing project rather a plan to construct a city.”
Speaking on the occasion, Maritime Affairs Minister Ali Haider Zaidi said that the area of Bundle Island is under jurisdiction of Port Qasim Authority. “Pakistan People’s Party is trying to make it an issue unnecessarily,” he maintained.

‘Bundal Island project to attract $50bn investment’

Sindh governor says he will soon meet CM Murad to address PPP's grievances regarding the project

profit.pakistantoday.com.pk

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Now we know why PPP is opposing it. $50biilion can uplift sindh and Karachi. They don't want lose power over the people.

Right

 

[Sheikh Rauf]

It Was Originally Diamond Bar Island CityUnder Musharraf And before that technology island city under the late Naimatullah Khan

Well the idea cud be floating from 80s but malik riaz wanted to invest and purpose a city plan before he pushed investment into bahria karachi just like CPEC, i believe state sud initiate instead of private entities cuz all they see is how double their money just like political parties.

 

[jupiter2007]

These island will require massive investment before anything can be build.
Mangroves are protecting the island. New construction will destroy the mangrove and the ecosystem. Most of the birds will migrate and animals will die due to the construction.

 

[Bouncer]

So affordable housing for people who can afford multiple homes AND retirement plots for people who already have too many retirement plots AND killing the remaining bits of any natural protection local ecosystem has? What's not to like?