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Pakistan Seeks ADB Boost for Railway | Pakistan News
Pakistan is eyeing a major boost from the Asian Development Bank to fuel its flagship Karachi-Peshawar railway project, a $10 billion public-private endeavor. With an initial $2 billion already secured, officials are now pushing for expanded ADB support—including guarantees and deeper private sector involvement—to accelerate progress. The Economic Affairs Minister framed the railway as a national priority and urged the ADB to ramp up its private partnership initiatives in Pakistan. In response, the ADB Vice President commended Pakistan’s improved credit ratings and economic stability…
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