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Govt to take loan in RMB, dollar ML-I

Pakistan agrees to borrow $6b for ML-I railway project in both Chinese, US currencies The ML-I project includes dualisation and upgrading of the 1,872km railway track from Peshawar to Karachi and is a major milestone for the second phase of CPEC. PHOTO: FILE ISLAMABAD: Pakistan has agreed to borrow $6 billion in both Chinese and US currencies for the largest project of China-Pakistan Economic Corridor (CPEC) and has also softened its position on interest cost, as it seeks early finalisation of...
Pakistan Railways Asad Umar Habibur Rehman Gilani Cooperation Committee Foreign Office Cabinet Committee

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