Pakistan Seeks Expanded ADB Financing for Karachi-Peshawar Railway Project

Pakistan pushes ADB for more funding

ISLAMABAD: Pakistan is seeking the Asian Development Bank’s scaled-up financing for public-private partnerships, including the flagship $10 billion Karachi-Peshawar Main Railway Line (ML-1). An ADB delegation led by its Vice President for South, Central and West Asia, Yingming Yang, is currently in Islamabad as part of a follow-up to the $10bn Country Partnership Strategy 2026-30, approved in March this year. The delegation had separate engagements with Minister for Economic Affairs Ahad Khan...

By [email protected] (Khaleeq Kiani)