{"id":58406,"date":"2019-12-06T14:38:20","date_gmt":"2019-12-06T09:38:20","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=58406"},"modified":"2020-02-12T12:11:07","modified_gmt":"2020-02-12T07:11:07","slug":"govt-to-obtain-usd-9bn-loan-for-ml-1-at-2-interest-rate","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/govt-to-obtain-usd-9bn-loan-for-ml-1-at-2-interest-rate.html","title":{"rendered":"Govt to obtain USD 9bn loan for ML-1 at 2% interest rate"},"content":{"rendered":"<p>Islamabad: The Senate Standing Committee on Planning, Development &amp; Reforms was informed on Thursday that efforts are underway to secure a USD 9 billion Chinese loan for Main Railway Line (ML-1), according to a news source. This loan will be taken at around two percent interest, with the condition that no unapproved project will be included in the Public Sector Development Programme (PSDP).<\/p>\n<p>Read:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/expansion-reconstruction-ml-1-tracks-summary-sent-approval.html\" target=\"_blank\" rel=\"noopener noreferrer\">Expansion, reconstruction of ML-1 tracks; summary sent for approval<\/a><\/p>\n<p>Speaking at a meeting of the committee, Minister for Planning, Development &amp; Reforms Asad Umar said he had issued directives that no unapproved project should be included in the next Public Sector Development Programme. Additionally, no new projects will be included in the PSDP in future till land is purchased for them.<\/p>\n<p>He further said it will also be settled in advance whether a project would be funded by the federal government or the province concerned.<\/p>\n<p>Read:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/pakistan-calls-china-loan-funds-ml-1-other-projects.html\" target=\"_blank\" rel=\"noopener noreferrer\">Pakistan calls on China to loan funds for ML-1, other projects<\/a><\/p>\n<p>Discussing the issues relating to design and upgradation of ML-1, a senior officer of the Ministry of Railways told the committee that 80 % design work of the 1,680-km project had been completed. \u201cThe project is going to cost more than USD 9 billion and the government is trying to secure loan for it at around 2% interest.<\/p>\n<p>If the loan can be obtained, he added, it would be the lowest interest rate among all the projects on the China-Pakistan Economic Corridor portfolio.<\/p>\n<p>The meeting was also told the project was anticipated to generate 20,000 direct and 150,000 indirect jobs and would be completed in three phases. Under Phase I, four sections will be completed in three to four years.<\/p>\n<p>The project will also raise the line speed, capacity and freight volume. The speed of passenger trains is expected to rise from the current 65 km per hour to somewhere between 110-160 km per hour. Similarly, the speed of freight trains is also expected to double.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Senate Standing Committee on Planning, Development &amp; Reforms was informed on Thursday that efforts are underway to secure a USD 9 billion Chinese loan for Main Railway Line (ML-1), according to a news source. This loan will be taken at around two percent interest, with the condition that no unapproved project will be included in the Public Sector Development Programme (PSDP). Read:\u00a0Expansion, reconstruction of ML-1 tracks; summary sent for approval Speaking at a meeting of the committee, Minister for Planning, Development &amp; Reforms Asad Umar said he had issued directives that no unapproved project should be included in the next Public Sector Development Programme. Additionally, no new projects will be included in the PSDP in future till land is purchased for them. He further said it will also be settled in advance whether a project would be funded by the federal government or the province concerned. Read:\u00a0Pakistan calls on China to loan funds for ML-1, other projects Discussing the issues relating to design and upgradation of ML-1, a senior officer of the Ministry of Railways told the committee that 80 % design work of the 1,680-km project had been completed. \u201cThe project is going to cost more than&hellip;<\/p>\n","protected":false},"author":57,"featured_media":44073,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[14307],"persona":[],"class_list":{"0":"post-58406","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-govt-to-obtain-usd-9bn-loan-for-ml-1-at-2-interest-rate"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Govt to obtain USD 9bn loan for ML-1 at 2% interest rate - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The Senate Standing Committee on Planning, Development &amp; Reforms was informed on Thursday that efforts are underway to secure a USD 9\" \/>\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\/govt-to-obtain-usd-9bn-loan-for-ml-1-at-2-interest-rate.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Govt to obtain USD 9bn loan for ML-1 at 2% interest rate - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The Senate Standing Committee on Planning, Development &amp; Reforms was informed on Thursday that efforts are underway to secure a USD 9\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/govt-to-obtain-usd-9bn-loan-for-ml-1-at-2-interest-rate.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ZameenPK\" \/>\n<meta property=\"article:published_time\" content=\"2019-12-06T09:38:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-02-12T07:11:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2018\/11\/ML-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"600\" \/>\n\t<meta property=\"og:image:height\" content=\"350\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Muhammad Farhad\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:site\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Muhammad Farhad\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Govt to obtain USD 9bn loan for ML-1 at 2% interest rate - Zameen News","description":"Islamabad: The Senate Standing Committee on Planning, Development &amp; Reforms was informed on Thursday that efforts are underway to secure a USD 9","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.zameen.com\/news\/govt-to-obtain-usd-9bn-loan-for-ml-1-at-2-interest-rate.html","og_locale":"en_US","og_type":"article","og_title":"Govt to obtain USD 9bn loan for ML-1 at 2% interest rate - Zameen News","og_description":"Islamabad: The Senate Standing Committee on Planning, Development &amp; Reforms was informed on Thursday that efforts are underway to secure a USD 9","og_url":"https:\/\/www.zameen.com\/news\/govt-to-obtain-usd-9bn-loan-for-ml-1-at-2-interest-rate.html","og_site_name":"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News","article_publisher":"https:\/\/www.facebook.com\/ZameenPK","article_published_time":"2019-12-06T09:38:20+00:00","article_modified_time":"2020-02-12T07:11:07+00:00","og_image":[{"width":600,"height":350,"url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2018\/11\/ML-1.jpg","type":"image\/jpeg"}],"author":"Muhammad Farhad","twitter_card":"summary_large_image","twitter_creator":"@ZameenProperty","twitter_site":"@ZameenProperty","twitter_misc":{"Written by":"Muhammad Farhad","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.zameen.com\/news\/govt-to-obtain-usd-9bn-loan-for-ml-1-at-2-interest-rate.html#article","isPartOf":{"@id":"https:\/\/www.zameen.com\/news\/govt-to-obtain-usd-9bn-loan-for-ml-1-at-2-interest-rate.html"},"author":{"name":"Muhammad Farhad","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/person\/9fc1132e74cdd346f201633b8d1cebc9"},"headline":"Govt to obtain USD 9bn loan for ML-1 at 2% interest rate","datePublished":"2019-12-06T09:38:20+00:00","dateModified":"2020-02-12T07:11:07+00:00","mainEntityOfPage":{"@id":"https:\/\/www.zameen.com\/news\/govt-to-obtain-usd-9bn-loan-for-ml-1-at-2-interest-rate.html"},"wordCount":330,"commentCount":0,"publisher":{"@id":"https:\/\/www.zameen.com\/news\/#organization"},"image":{"@id":"https:\/\/www.zameen.com\/news\/govt-to-obtain-usd-9bn-loan-for-ml-1-at-2-interest-rate.html#primaryimage"},"thumbnailUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2018\/11\/ML-1.jpg","keywords":["Govt to obtain USD 9bn loan for ML-1 at 2% interest rate"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.zameen.com\/news\/govt-to-obtain-usd-9bn-loan-for-ml-1-at-2-interest-rate.html#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.zameen.com\/news\/govt-to-obtain-usd-9bn-loan-for-ml-1-at-2-interest-rate.html","url":"https:\/\/www.zameen.com\/news\/govt-to-obtain-usd-9bn-loan-for-ml-1-at-2-interest-rate.html","name":"Govt to obtain USD 9bn loan for ML-1 at 2% interest rate - Zameen News","isPartOf":{"@id":"https:\/\/www.zameen.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.zameen.com\/news\/govt-to-obtain-usd-9bn-loan-for-ml-1-at-2-interest-rate.html#primaryimage"},"image":{"@id":"https:\/\/www.zameen.com\/news\/govt-to-obtain-usd-9bn-loan-for-ml-1-at-2-interest-rate.html#primaryimage"},"thumbnailUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2018\/11\/ML-1.jpg","datePublished":"2019-12-06T09:38:20+00:00","dateModified":"2020-02-12T07:11:07+00:00","description":"Islamabad: The Senate Standing Committee on Planning, Development &amp; Reforms was informed on Thursday that efforts are underway to secure a USD 9","breadcrumb":{"@id":"https:\/\/www.zameen.com\/news\/govt-to-obtain-usd-9bn-loan-for-ml-1-at-2-interest-rate.html#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.zameen.com\/news\/govt-to-obtain-usd-9bn-loan-for-ml-1-at-2-interest-rate.html"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.zameen.com\/news\/govt-to-obtain-usd-9bn-loan-for-ml-1-at-2-interest-rate.html#primaryimage","url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2018\/11\/ML-1.jpg","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2018\/11\/ML-1.jpg","width":600,"height":350},{"@type":"BreadcrumbList","@id":"https:\/\/www.zameen.com\/news\/govt-to-obtain-usd-9bn-loan-for-ml-1-at-2-interest-rate.html#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.zameen.com\/news"},{"@type":"ListItem","position":2,"name":"Govt to obtain USD 9bn loan for ML-1 at 2% interest rate"}]},{"@type":"WebSite","@id":"https:\/\/www.zameen.com\/news\/#website","url":"https:\/\/www.zameen.com\/news\/","name":"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News","description":"","publisher":{"@id":"https:\/\/www.zameen.com\/news\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.zameen.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.zameen.com\/news\/#organization","name":"Zameen.com","alternateName":"Zameen","url":"https:\/\/www.zameen.com\/news\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/logo\/image\/","url":"https:\/\/news-cdn.zameen.com\/wp-content\/upload\/2015\/09\/Zameen.com_-_Logo.png","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/upload\/2015\/09\/Zameen.com_-_Logo.png","width":600,"height":300,"caption":"Zameen.com"},"image":{"@id":"https:\/\/www.zameen.com\/news\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/ZameenPK","https:\/\/x.com\/ZameenProperty","https:\/\/www.instagram.com\/zameenpk\/"]},{"@type":"Person","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/person\/9fc1132e74cdd346f201633b8d1cebc9","name":"Muhammad Farhad","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/13eadb15a0125b6648e56703aaf7543058fea376b06a73209cde68f09b9b093d?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/13eadb15a0125b6648e56703aaf7543058fea376b06a73209cde68f09b9b093d?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/13eadb15a0125b6648e56703aaf7543058fea376b06a73209cde68f09b9b093d?s=96&d=mm&r=g","caption":"Muhammad Farhad"},"description":"Muhammad Farhad is a Content Developer at Zameen.com.","url":"https:\/\/www.zameen.com\/news\/author\/farhad-hassan"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/58406","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/users\/57"}],"replies":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/comments?post=58406"}],"version-history":[{"count":2,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/58406\/revisions"}],"predecessor-version":[{"id":58408,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/58406\/revisions\/58408"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/media\/44073"}],"wp:attachment":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/media?parent=58406"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/categories?post=58406"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/tags?post=58406"},{"taxonomy":"persona","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/persona?post=58406"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}