BR100 Decreased By (-0.27%)
BR30 Decreased By (-0.28%)
KSE100 Decreased By (-0.28%)
KSE30 Decreased By (-0.31%)
AGHA 7.80 Decreased By ▼ -0.01 (-0.13%)
BECO 5.19 Decreased By ▼ -0.02 (-0.38%)
BML 57.50 No Change ▼ 0.00 (0%)
BOP 33.80 Decreased By ▼ -0.23 (-0.68%)
CNERGY 9.93 Decreased By ▼ -0.03 (-0.3%)
CSIL 5.38 Increased By ▲ 0.07 (1.32%)
FCCL 54.25 Decreased By ▼ -0.45 (-0.82%)
FFL 16.62 Decreased By ▼ -0.07 (-0.42%)
FNEL 1.25 Increased By ▲ 0.02 (1.63%)
KEL 7.39 Decreased By ▼ -0.01 (-0.14%)
KOSM 5.74 Decreased By ▼ -0.03 (-0.52%)
LOTCHEM 29.10 Decreased By ▼ -0.22 (-0.75%)
MLCF 93.20 Decreased By ▼ -1.16 (-1.23%)
NBP 202.50 Decreased By ▼ -0.55 (-0.27%)
NCPL 56.60 Decreased By ▼ -0.40 (-0.7%)
NPL 67.70 No Change ▼ 0.00 (0%)
OGDC 315.61 Decreased By ▼ -0.23 (-0.07%)
PACE 10.60 Decreased By ▼ -0.04 (-0.38%)
PAEL 42.86 Decreased By ▼ -0.34 (-0.79%)
PIBTL 16.66 Decreased By ▼ -0.08 (-0.48%)
PPL 218.49 Decreased By ▼ -1.29 (-0.59%)
PRL 49.40 Increased By ▲ 0.21 (0.43%)
PTC 70.70 Increased By ▲ 0.17 (0.24%)
SSGC 27.82 Decreased By ▼ -0.43 (-1.52%)
TBL 9.82 Decreased By ▼ -0.04 (-0.41%)
TELE 8.73 Decreased By ▼ -0.06 (-0.68%)
TPL 17.71 Decreased By ▼ -0.53 (-2.91%)
TPLP 13.35 Increased By ▲ 0.08 (0.6%)
TREET 22.60 Decreased By ▼ -0.12 (-0.53%)
TRG 60.21 Increased By ▲ 0.07 (0.12%)
Pakistan

Pakistan, China agree on early launch of ML-1 project

  • Project aimed at revamping and modernising the country’s old railway infrastructure
Published Updated
By

Pakistan and China agreed Thursday on the early launch of the much-awaited Mainline-1 (ML1) project, aimed at revamping and modernising the country’s old railway infrastructure, APP reported.

The agreement was reached between the two countries during a dinner hosted by the Chinese Ambassador in Pakistan Nong Rong for Minister for Railways Khawaja Saad Rafiq.

Railways Chairman, Additional Secretary, Secretary Aviation, and Chief Executive Officer Pakistan International Airlines (PIA) participated in the meeting.

The project has faced delays due to design faults and other issues, well-informed sources told Business Recorder.

The ML-l project of Pakistan Railways was the largest proposed infrastructure project of the country under CPEC to which the Executive Committee of the National Economic Council (ECNEC) accorded approval at an estimated cost of US$ 6.8068 billion on August 5, 2020.

During the meeting today, Rafiq also invited the Chinese Ambassador to consider a partnership regarding launching budget airlines with PIA in order to make Pakistan’s small airports functional and provide better travel facilities to passengers.

The Chinese ambassador assured the minister that he will discuss the matter with the Chinese private airlines.

The envoy also assured of starting initiatives to allow direct flights from Pakistan to Beijing and Guangzhou for Pakistani airlines at the earliest.

Comments

Comments are closed for this article.