Pakistan seeks larger ADB financing for major infrastructure projects
Translated from English and summarized by DistantNews. Read the original for the full story.
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- Pakistan is seeking expanded Asian Development Bank financing for public-private partnerships, including the $10 billion Karachi-Peshawar Main Railway Line project.
- An ADB delegation met Pakistan’s economic affairs and finance ministers in Islamabad during follow-up talks on the bank’s 2026-30 country partnership strategy.
- Pakistan has secured $2 billion for the Karachi-Rohri section of the 1,670-kilometre railway project and is discussing additional facilities, including guarantees and private-sector partnerships.
Pakistan is pressing the Asian Development Bank for more financing as it seeks to advance large public-private infrastructure projects, including the flagship $10 billion Karachi-Peshawar Main Railway Line, known as ML-1.
An ADB delegation led by Yingming Yang, the bank’s vice president for South, Central and West Asia, held separate meetings in Islamabad with Economic Affairs Minister Ahad Khan Cheema and Finance Minister Muhammad Aurangzeb on Wednesday. The visit follows the ADB’s $10 billion Country Partnership Strategy for 2026-30, approved in March.
Pakistan has already secured $2 billion from the Manila-based lender for the Karachi-Rohri section of the 1,670-kilometre ML-1 project, which is under implementation. The Economic Affairs Division is discussing further financing, including guarantees and other products designed to support private-sector participation.
EAD spokesperson Sabina Qureshi did not respond to a request for comment.
About this summary
Originally published by Dawn in English. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.
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