{"id":100450,"date":"2024-11-11T11:34:47","date_gmt":"2024-11-11T06:34:47","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=100450"},"modified":"2024-12-04T12:16:36","modified_gmt":"2024-12-04T07:16:36","slug":"pak-seeks-china-aid-for-ml-i-project-khi-hyd","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/pak-seeks-china-aid-for-ml-i-project-khi-hyd.html","title":{"rendered":"ML-1: Pak seeks USD 1 bn from China for KHI-HYD Section"},"content":{"rendered":"\n<p>Hyderabad: The Pakistani Government has renewed its request for a USD 1 billion loan from China to develop the Karachi-Hyderabad rail section of the Mainline-I (ML-I) project under the China-Pakistan Economic Corridor (CPEC). The news has been sourced from a November 8 article.<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/overseas-group-offers-big-to-acquire-pia.html\" target=\"_blank\" rel=\"noreferrer noopener\">Overseas Pakistani group offers PKR 125 bn to acquire PIA<\/a><\/p>\n\n\n\n<p>Pursuant to the details, this pilot phase, valued at USD 1.1 billion, is seen as a crucial step in Pakistan&#8217;s broader infrastructure ambitions, but security and financial challenges have delayed progress for seven years.<\/p>\n\n\n\n<p>China has proposed adjustments to Pakistan&#8217;s original financing terms, suggesting a shorter repayment period and a lower financing share, which are still under negotiation. <\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/pakistan-passport-rules-amended.html\" target=\"_blank\" rel=\"noreferrer noopener\">Pakistan amends Passport Rules: Citizens can apply from any city<\/a><\/p>\n\n\n\n<p>Meanwhile, Pakistan has pledged enhanced security for Chinese personnel working on the project. A revised plan has reduced the project\u2019s overall budget from USD 10 billion to USD 6.67 billion, with Pakistan hoping an agreement will allow the bidding process to proceed.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hyderabad: The Pakistani Government has renewed its request for a USD 1 billion loan from China to develop the Karachi-Hyderabad rail section of the Mainline-I (ML-I) project under the China-Pakistan Economic Corridor (CPEC). The news has been sourced from a November 8 article. Read: Overseas Pakistani group offers PKR 125 bn to acquire PIA Pursuant to the details, this pilot phase, valued at USD 1.1 billion, is seen as a crucial step in Pakistan&#8217;s broader infrastructure ambitions, but security and financial challenges have delayed progress for seven years. China has proposed adjustments to Pakistan&#8217;s original financing terms, suggesting a shorter repayment period and a lower financing share, which are still under negotiation. Read: Pakistan amends Passport Rules: Citizens can apply from any city Meanwhile, Pakistan has pledged enhanced security for Chinese personnel working on the project. A revised plan has reduced the project\u2019s overall budget from USD 10 billion to USD 6.67 billion, with Pakistan hoping an agreement will allow the bidding process to proceed.<\/p>\n","protected":false},"author":88,"featured_media":65203,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15017],"tags":[60388,2364,57926],"persona":[],"class_list":{"0":"post-100450","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-notices-announcements","8":"tag-ml-i-project-news-and-updates","9":"tag-pakistan-railways","10":"tag-pr-news-and-updates","11":"cat-15017-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Pak Seeks China&#039;s Aid for ML-I Project: KHI-HYD - Zameen News<\/title>\n<meta name=\"description\" content=\"Pakistan renews request for USD 1B loan from China to develop Karachi-Hyderabad rail under CPEC&#039;s ML-I project.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/pak-seeks-china-aid-for-ml-i-project-khi-hyd.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pak Seeks China&#039;s Aid for ML-I Project: KHI-HYD - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Pakistan renews request for USD 1B loan from China to develop Karachi-Hyderabad rail under CPEC&#039;s ML-I project.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/pak-seeks-china-aid-for-ml-i-project-khi-hyd.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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