As Washington prepares renewed annual support and the World Bank expands financing, economists warn of rising debt-servicing costs, sovereign risk transfer and persistent hard-currency shortages.

Sindh Chief Minister Murad Ali Shah on Friday met with World Bank Country Director Bolorma Amgaabazar to review progress on Karachi’s water supply, infrastructure development projects, and the K-IV augmentation scheme. According to a press release issued by the Chief Minister House, Murad said the Sindh government, with the World Bank’s support, aims to establish a “modern and sustainable water supply system for Karachi”. He added that the K-IV project is vital for meeting the city’s future water requirements.