Tag Archives: CDWP clears Rs567bn Karakoram road project

ISLAMABAD: Ahead of Prime Minister Shehbaz Sharif’s visit to China next week, Pakistan cleared construction of about 241 km of the high-altitude Karakoram Highway at an estimated cost of Rs567.5bn (approximately $2bn) to be funded through a ‘Chinese soft loan’. This was one of the Rs609.45bn worth of two infrastructure projects the Central Development Working Party (CDWP) recommended to the …

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