KMC to auction Shahbuddin Market shops soonSeptember 18, 2014
KARACHI: Karachi Metropolitan Corporation (KMC) is going to auction the shops of Shahabuddin Market very soon. The functioning of the market would resolve the issues of vehicular traffic and encroachment in Saddar at larger extent, sources said.
The sources told PPI on Friday that privatization of allotment of shops and marketing was already under discussion and it was almost decided after that the space of shops would be advertised. In the second phase there was also a plan to vacate Empress Market and make it a monumental place after complete renovation, which would be opened for public.
“The shopkeepers who previously owned shops in the market would be given back ownership of their shops and the shopkeepers of Empress Market would be adjusted in Shahabuddin Market as well,” they said.
Administrator Karachi Rauf Akhter Farooqui has said the completion of Shahabuddin Market project would not only help solving the traffic and vehicle parking problems in Saddar area but would also provide considerable relief to old shopkeepers of market and enhance the revenue source for KMC.
He said it was a unique project where five floors of the building were allocated for parking where 600 motor cars and hundreds of motor bikes could be parked. He said KMC was taking all necessary measures to finish the project early.