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Home Business

Rs36b approval for ML-I delayed

by Web Desk
April 29, 2022
in Business, Finance
Reading Time: 1 min read
0
Rs36b approval for ML-I delayed
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Pakistan on Thursday again postponed approval of Rs36 billion project that had been designed to provide security to the Chinese nationals who would be engaged for the construction of multibillion-dollar Mainline-I (ML-I) project.

The project has been lingering for the past almost two years and could not win the nod of the authorities after the previous government excluded the security component from the $6.8 billion ML-I project of China-Pakistan Economic Corridor (CPEC).

The Rs36 billion worth of security provision for the up-gradation of Pakistan Railways’ ML-I project was presented to the Central Development Working Party (CDWP) for endorsement.

Tags: ChinalatestML-IML-I delayedPakistan
Web Desk

Web Desk

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