Govt eyes ADB funding for ML-1 section in upcoming fiscal year

News Image

MG News | May 23, 2026 at 02:20 PM GMT+05:00

May 23, 2026 (MLN): Pakistan is moving to secure Asian Development Bank financing for the Karachi–Rohri section of the Main Line-1 railway project in the upcoming fiscal year, with the government determined to hold the groundbreaking ceremony before the year is out.

Federal Minister for Economic Affairs Ahad Cheema reaffirmed that the Karachi–Rohri section will be implemented unconditionally, describing it as a starter package of the broader ML-1 corridor stretching from Karachi to Peshawar, according to a press release issued.

The government is also in active talks with other development partners to finance the remaining sections of the project, which is expected to significantly boost freight movement and transform railway services across the country.

The commitment emerged during a high-level meeting chaired by Minister Cheema to review the implementation framework of the ML-1 Karachi–Rohri Section.

Secretary Economic Affairs Muhammad Humair Karim and Secretary Railways Mazhar Ali Shah briefed participants on ongoing work and preparatory arrangements, while ADB Country Director Emma Fan and senior ADB officials also took part in the discussions.

The Minister directed the Ministry of Railways to accelerate documentation in close coordination with the ADB and the Economic Affairs Division, and to work with the Planning Division to ensure the PC-1 and other mandatory project requirements are ready in time.

ADB Country Director Fan appreciated the progress made by both ministries, reaffirmed the bank's commitment to expediting documentation, confirmed timely hiring of the PRF consultant, and pledged to minimize the project review timeline to facilitate swift implementation.

 

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 172,399.90
320.00M
1.59%
2696.30
ALLSHR 103,927.90
888.16M
1.29%
1323.37
KSE30 51,428.16
185.27M
1.65%
836.84
KMI30 246,743.08
136.63M
1.75%
4243.24
KMIALLSHR 67,499.94
461.75M
1.34%
890.73
BKTi 46,974.29
67.03M
1.67%
773.64
OGTi 35,183.53
7.71M
0.85%
295.91
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 63,755.00 64,485.00
62,835.00
80.00
0.13%
BRENT CRUDE 86.91 89.90
85.80
-3.47
-3.84%
RICHARDS BAY COAL MONTHLY 123.00 0.00
0.00
1.10
0.90%
ROTTERDAM COAL MONTHLY 131.00 131.00
130.00
-1.75
-1.32%
USD RBD PALM OLEIN 1,157.50 1,157.50
1,157.50
0.00
0.00%
CRUDE OIL - WTI 84.40 87.23
83.20
-3.31
-3.77%
SUGAR #11 WORLD 13.70 13.97
13.68
-0.09
-0.65%

Chart of the Day


Latest News
June 12, 2026 at 11:53 PM GMT+05:00

Petrol down Rs4/litre, diesel Rs2


June 12, 2026 at 09:29 PM GMT+05:00

Pakistan finalizes PIA, first Women Bank privatization


June 12, 2026 at 09:29 PM GMT+05:00

Transport receives largest PSDP share


June 12, 2026 at 08:55 PM GMT+05:00

Pakistan's power sector reforms deliver Rs143bn savings



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg