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That would be too much work and would require a lot of resources which are already limited.
We already have a Karachi and Gwadar, no need to spend money we don't have on trying to build replicas of these cities. Might as well the little money we have on a military operation in the city and in developing Gwadar.
Karachi must be deprived of its economic importance for a limited time (20-30 years) and must be rehabilitated under military authority.
The city is a mess in its current form.
these projects usually go on to complete in 10 years or so... if we start today, we might have it by 2030.