ISLAMABAD: Pakistan’s top economic body on Wednesday approved its costliest project to date as part of the multibillion-dollar China-Pakistan Economic Corridor (CPEC) agreement, giving the go-ahead for a $6.8 billion project to upgrade its railway lines, the government said.
CPEC has seen Beijing pledge over $60 billion for infrastructure projects in Pakistan, central to China’s wider Belt and Road Initiative (BRI) to develop land and sea trade routes in Asia and beyond.
The Executive Committee of the National Economic Council (ECNEC) approved the railway project, known as Mainline-1 (ML-1), on a cost-sharing basis between Islamabad and Beijing, Pakistan’s finance division said in a statement.
Under the project, Pakistan’s existing 2,655 km railway tracks will be upgraded to allow trains to move up to 165 km per hour — twice as fast as they currently do — while the line capacity will increase from 34 to over 150 trains each way per day.
“The execution of the project shall be in three packages and in order to avoid commitment charges, the loan amount for each package will be separately contracted.”
CPEC has come in for criticism from some western countries, particularly the United States, which says that the projects under it are not sufficiently transparent and will saddle Pakistan with the burden of expensive Chinese loans.
Both China and Pakistan have continuously downplayed such concerns over the years. The move ahead on ML-1, which has been on hold for years, will dispel notions that the government of Prime Minister Imran Khan is seeking to roll back some of the mega projects that he himself had questioned when in opposition.
At $6.8 billion, the ML-1 project alone is almost equal to Pakistan’s entire development budget for fiscal year 2020-21, which stands at Rs1.32 trillion ($7.9 billion).
Pakistan approves most expensive China-aided project to date
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Pakistan approves most expensive China-aided project to date
- At $6.8 billion, the ML-1 project alone is almost equal to Pakistan’s entire development budget for fiscal year 2020-21
- Pakistan’s 2,655 km railway tracks will be upgraded to allow trains to move up to 165 km per hour, while line capacity will increase from 34 to over 150 trains each way per day
Pakistan extends ban on Indian-registered aircraft through January, aviation authority says
- Move marks the seventh extension of the ban after a gun attack in Indian-administered Kashmir
- It has forced Indian airlines to reroute flights, raising fuel use, travel times and operating costs
ISLAMABAD: Pakistan extended a ban on Indian-registered aircraft from using its airspace until late January, it said on Wednesday, prolonging restrictions that have disrupted flight routes for Indian airlines.
Pakistan first imposed the restriction on April 24 as part of a series of tit-for-tat measures announced by both countries days after an attack in Indian-administered Kashmir that New Delhi blamed on Pakistan. Islamabad denied any involvement and called for a credible, international investigation into the attack, which killed 26 tourists.
Tensions escalated after India targeted several sites in Pakistan and Azad Kashmir, triggering intense missile, drone and artillery exchanges before a ceasefire brokered by the United States took effect on May 10.
“Pakistan’s airspace will continue to remain closed for Indian-registered aircraft,” the Pakistan Airports Authority said in a statement.
“The restriction will remain in effect from December 25, 2025, to January 27, 2026,” it continued. “The restriction will apply to aircraft owned, operated or leased by Indian airlines, including military flights.”
This marks the seventh extension of the ban, which has forced Indian airlines to reroute international flights, increasing fuel consumption, travel times and operating costs.
Earlier this month, Pakistan accused India of blocking humanitarian assistance destined for Sri Lanka after Cyclone Ditwah, saying a special Pakistani aircraft carrying aid was forced to wait more than 60 hours for overflight clearance.
Pakistan later sent relief supplies and rescue teams to the island nation by sea, officials said.
