{"id":99728,"date":"2024-10-04T12:34:54","date_gmt":"2024-10-04T07:34:54","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=99728"},"modified":"2024-10-04T12:34:55","modified_gmt":"2024-10-04T07:34:55","slug":"financing-ml-1-nears-final-stage-pr","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/financing-ml-1-nears-final-stage-pr.html","title":{"rendered":"ML-1 railway project financing moves forward, linking Karachi to Peshawar"},"content":{"rendered":"\n<p>Islamabad: Pakistan Government is fast-tracking the finalisation of the financing agreement for the Mainline-1 (ML-1) railway project, which will connect Karachi to Peshawar, according to a news source on October 3.<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/na-railways-committee-announces-ml-1-phase-i.html\" target=\"_blank\" rel=\"noreferrer noopener\">NA Railways committee announces ML-1 Phase-I to begin soon<\/a><\/p>\n\n\n\n<p>According to the details, this comes ahead of Chinese Premier Li Qiang&#8217;s visit to the Shanghai Cooperation Organisation (SCO) summit on October 14-15. The ML-1 project, valued at approximately USD 6.8 billion, will be implemented in phases. The first phase will cover the stretch from Karachi to Multan, followed by the second phase from Multan to Peshawar. At a recent meeting focusing on the China-Pakistan Economic Corridor (CPEC), Planning Minister Ahsan Iqbal urged the ministries of railways and finance to expedite the finalisation of financing terms with China. <\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/cpec-funded-ml-1-gets-financial-approval.html\">ML-1 projec<\/a><a href=\"https:\/\/www.zameen.com\/news\/cpec-funded-ml-1-gets-financial-approval.html\" target=\"_blank\" rel=\"noreferrer noopener\">t gets financial nod; China to fund 85% of project<\/a><\/p>\n\n\n\n<p>The goal is to announce the launch of CPEC\u2019s second phase during the summit. Iqbal also called on all relevant government departments to resolve any outstanding issues and ensure the signing of key memorandums of understanding (MoUs) during the Chinese Premier\u2019s visit.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: Pakistan Government is fast-tracking the finalisation of the financing agreement for the Mainline-1 (ML-1) railway project, which will connect Karachi to Peshawar, according to a news source on October 3. Read: NA Railways committee announces ML-1 Phase-I to begin soon According to the details, this comes ahead of Chinese Premier Li Qiang&#8217;s visit to the Shanghai Cooperation Organisation (SCO) summit on October 14-15. The ML-1 project, valued at approximately USD 6.8 billion, will be implemented in phases. The first phase will cover the stretch from Karachi to Multan, followed by the second phase from Multan to Peshawar. At a recent meeting focusing on the China-Pakistan Economic Corridor (CPEC), Planning Minister Ahsan Iqbal urged the ministries of railways and finance to expedite the finalisation of financing terms with China. Read: ML-1 project gets financial nod; China to fund 85% of project The goal is to announce the launch of CPEC\u2019s second phase during the summit. Iqbal also called on all relevant government departments to resolve any outstanding issues and ensure the signing of key memorandums of understanding (MoUs) during the Chinese Premier\u2019s visit.<\/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":[20385],"tags":[21070,27748,57926],"persona":[],"class_list":{"0":"post-99728","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-development-projects","8":"tag-main-line-1-ml-1-project","9":"tag-pakistan-railways-pr","10":"tag-pr-news-and-updates","11":"cat-20385-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Financing for ML-1 Nears Final Stage: PR - Zameen News<\/title>\n<meta name=\"description\" content=\"Pakistan is speeding up the financing agreement for the ML-1 railway project linking Karachi to Peshawar, reports say.\" \/>\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\/financing-ml-1-nears-final-stage-pr.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Financing for ML-1 Nears Final Stage: PR - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Pakistan is speeding up the financing agreement for the ML-1 railway project linking Karachi to Peshawar, reports say.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/financing-ml-1-nears-final-stage-pr.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=\"2024-10-04T07:34:54+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-10-04T07:34:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/05\/railways.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1170\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Muhammad Zohaib Nasir\" \/>\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 Zohaib Nasir\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Financing for ML-1 Nears Final Stage: PR - Zameen News","description":"Pakistan is speeding up the financing agreement for the ML-1 railway project linking Karachi to Peshawar, reports say.","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\/financing-ml-1-nears-final-stage-pr.html","og_locale":"en_US","og_type":"article","og_title":"Financing for ML-1 Nears Final Stage: PR - Zameen News","og_description":"Pakistan is speeding up the financing agreement for the ML-1 railway project linking Karachi to Peshawar, reports say.","og_url":"https:\/\/www.zameen.com\/news\/financing-ml-1-nears-final-stage-pr.html","og_site_name":"Pakistan Real Estate News &amp; 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