Sindh Approves Rs7 Billion Package After Gul Plaza Fire
More than a month after the devastating Gul Plaza fire, the Government of Sindh has officially approved a Rs7 billion package to compensate affected Karachi traders. The major Sindh compensation initiative aims to help nearly 1,000 businesses recover from heavy financial losses caused by the blaze.
The compensation process was conducted transparently, with the KCCI and KMC working together to assess damages. Claims were verified through documentation, bank statements, and tax records to ensure fair distribution. Individual payouts range from several hundred thousand rupees to more than Rs10 million, depending on the scale of loss.
Verified Loss Assessment by KCCI and KMC
The damage assessment was finalized by the Karachi Chamber of Commerce and Industry in coordination with the Karachi Metropolitan Corporation. Their joint verification process strengthens confidence among traders seeking business relief in Pakistan.
Immediate Relief and Interest-Free Loans
According to Murtaza Wahab, payments under the Rs7 billion package will begin within days. Earlier, Rs500,000 was provided to 1,153 traders as emergency support. Additionally, interest-free loans of up to Rs10 million are being offered to help businesses restart operations.
Temporary Relocation for Affected Traders
In the first phase, approximately 350 shopkeepers have been relocated to temporary stalls at Bagh-i-Jinnah (Baradari site). Authorities are also identifying alternative commercial locations across the city to ensure smooth business continuity.
A Lifeline for Karachi’s Business Community
The Gul Plaza fire Rs7 billion package marks a significant step toward restoring confidence in Karachi’s commercial sector. With structured Sindh compensation, verified claims through KCCI and KMC, and strong leadership from Murtaza Wahab, the government’s response offers renewed hope and meaningful business relief in Pakistan.
