Prime Minister approves $90 million for restoration of Karakoram Highway

Prime Minister Syed Yousuf Raza Gilani on Thursday approved US $90 million for the restoration of Karakoram Highway, out of the financial help provided by the Chinese Government. The credit facility had been extended by China as part of a larger confessional facility for the post flood rehabilitation and reconstruction in the communication, energy and transport sectors.
The operationalisation of Karakoram Highway has been a priority of the government due to its strategic significance, being an important means of communication for the people, as well as an important trade route.-PR