Prime Minister Shahid Khaqan Abbasi has announced to release Rs 25 billion grants on Saturday for Karachi during his visit to the metropolis.

While addressing the media in a joint press conference with Sindh Governor Muhammad Zubair, PM Abbasi said that policies and commitments of former premier Nawaz Sharif would be fulfilled. He said that the responsibility of completing development projects lies with the provincial governments under 18th Amendment.

He reiterated that every possible step would be taken to curb trade losses and to boost exports.

The Prime Minister announced to issue funds worth Rs 25 billion for Karachi and Rs 5 billion for the Hyderabad. He said that Muttahida Qaumi Movement (MQM) is a political party and the issues faced by the organization would be addressed.

While talking about Nawaz Sharif’s ‘homecoming rally’, he said that he was returning to his residence and not protesting.