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ISLAMABAD: Prime Minister Syed Yusuf 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 operationalization 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.
Copyright APP (Associated Press of Pakistan), 2011
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