Sources said the Foreign Office had also listed the French President Emmanuel Macron among the recipients but Paris hasn t responded to Pakistan s intent.
Chinese bank to review USD 6 bn loan for Pakistan s ML-1 railway project ANI | Updated: Apr 24, 2021 07:31 IST The latest on the USD 6.8 billion ML-1 project is that a finance committee comprising Chinese officials has sent the case related to USD 6 billion loan approval of the project to Exim Bank, Dawn quoted Pakistan Railways Federal Secretary/Railway Board Chairman Dr Habibur Rehman Gillani, as saying.
It further stated that the construction of the ML-1 project in three phases had been approved by Pakistan s Executive Committee of National Economic Council (ECNEC) in its meeting held in August last year. The actual cost of the project was initially USD 9 billion, including the equity amount of the government of Pakistan. But later, it was reduced gradually to USD 6.8 billion.