Re: CM Sindh
I hear that a lot of people are drooling over this project. News of rifts within MQM are an indication of the same struggle for a greater share in this project.
ECC approves revival of Karachi Circular Railways
The ECC which met here under the chairmanship of Minister for Finance and Economic Affairs Dr. Abdul Hafeez Shaikh was informed that Japan International Cooperation Agency (JICA) has already agreed to provide 93.5pc ($2.4 billion) of the estimated cost through soft loan at a markup of 0.2pc payable in 40 years including 10 years grace period. The remaining 6.5pc ($169.6 million) will be borne by the Ministry of Railway (60pc equity), Government of Sindh (25pc equity) and the City District Government Karachi (15pc equity); the stakeholders of KUTC as per their share.
MQM has been repeatedly saying that next CM Sindh will be from MQM, lets see. I don’t think after losing all of the Pakistan, Zardari would want to let go Sindh as well.