{"id":610457,"date":"2023-10-16T11:15:50","date_gmt":"2023-10-16T05:45:50","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=610457"},"modified":"2023-10-16T12:05:27","modified_gmt":"2023-10-16T06:35:27","slug":"pakistans-railway-upgradation-project-under-cpec-subject-to-imf-approval","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/pakistans-railway-upgradation-project-under-cpec-subject-to-imf-approval\/","title":{"rendered":"Pakistan&#8217;s railway upgradation project under CPEC subject to IMF approval"},"content":{"rendered":"<p>One of Pakistan&#8217;s key railway modernisation projects planned to be built under the China-Pakistan Economic Corridor (CPEC) is in trouble due to the IMF&#8217;s conditions regarding sovereign guarantees, according to a media report on Saturday. <\/p>\n<p>The Main Line-1 (ML-1) aimed to modernise over 1,726 kilometres of colonial-era rail line stretching from Karachi to Peshawar remains subject to IMF approval and the finance ministry&#8217;s ability to provide sovereign guarantees for a USD 6.67 billion loan from China, even though the project&#8217;s budget has been cut by 32 per cent, reported the Dawn newspaper. <\/p>\n<p>The CPEC is a collection of infrastructure and other projects under construction throughout Pakistan since 2013.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>One of Pakistan&#8217;s key railway modernisation projects planned to be built under the China-Pakistan Economic Corridor (CPEC) is in trouble due to the IMF&#8217;s conditions regarding sovereign guarantees, according to a media report on Saturday. The Main Line-1 (ML-1) aimed to modernise over 1,726 kilometres of colonial-era rail line stretching from Karachi to Peshawar remains subject to IMF approval and the finance ministry&#8217;s ability to provide sovereign guarantees for a USD 6.67 billion loan from China, even though the project&#8217;s budget has been cut by 32 per cent, reported the Dawn newspaper. The CPEC is a collection of infrastructure and [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,256],"tags":[],"class_list":["post-610457","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-railways-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/610457","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=610457"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/610457\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=610457"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=610457"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=610457"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}