China Agrees to Fund KKH Realignment

China agrees to fund KKH realignment

Pakistan announced on Friday that China will provide 85% financing for the realignment of the Karakoram Highway and has also supported Islamabad's plan to seek financing from multilateral lenders for a strategically important rail link after Beijing declined to extend concessional loans. Beijing has long been recommending Pakistan to consider settlement of existing debt and finding ways to fund new projects without accumulation of more public de…

China to Fund 85% Karakoram Highway Realignment

China to Fund 85% Karakoram Highway Realignment Pakistan has confirmed that China will fund 85% of the Karakoram Highway realignment, ensuring uninterrupted connectivity between the two countries. The project became necessary after sections of the road were submerged by the Diamer-Basha Dam. According to Planning Minister Ahsan Iqbal, bidding will begin in phases, starting with the 82-kilometre stretch most affected. ML-1 Railway Project with Mu…

CPEC Enters Phase-II As Pakistan, China Unveil Roadmap For Next Decade - Pakistan Live News

Chairman NDRC Mr. Zheng Shanjie meet with Federal Minister of the planning and Development and special initiatives Ahsan Iqbal at NDRC Office, Beijing, China, September 26, 2025. — APP IPP payment issue still unresolved at JCC. ML-1, KKH realignment top Phase-II priorities. Updated long-term plan due within 90 days. ISLAMABAD: The 14th Joint Cooperation Committee (JCC) of the China-Pakistan Economic Corridor (CPEC) wrapped up in Beijing on Frid…