The decision was taken in a meeting of the public-private partnership (PPP) policy board presided by Sindh Chief Minister Syed Murad Ali Shah, a statement issued on Tuesday said.
The project approved to run on PPP mode was the Karachi Marble City, consisting of 300 acres of land near the northern bypass.
The meeting decided to encourage investors working in the marble industry so that by using modern methods, they could produce value-added marble, granite and other stones.
It was also decided in the meeting that 200 acres of additional land adjacent to Karachi Marble City was to be reserved for the industries related to the construction sector and a feasibility study for this sector would be conducted prior to its development.
Source: profit.pakistantoday.com.pk