- February 16, 2026
- Posted by: Tresmark
- Category:
The Asian Development Bank (ADB) and the Ministry of Railways are reportedly in advanced discussions for a loan of about USD2 billion to finance the Karachi- Rohri section of the ML-1 railway project.
The development was shared during a recent meeting on the progress of China-Pakistan Economic Corridor (CPEC) projects, presided over by Minister for Planning, Development and Special Initiatives Ahsan Iqbal.
The forum was informed that the Pakistan Embassy in China has requested detailed information on the financing plan of the ML-1 project, particularly regarding third-party participation, including ADB, as well as Chinese financing requirements for specific sections. The information will be shared with Chinese authorities to facilitate further engagement.
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