SIFC intervention is pursued as Carec project benches
Islamabad: A Chinese company has reached the SIFC Special Council (SIFC), as delays have given a shadow over the RS146 billion Carec Tranche-3 project, raising concerns about Pakistan’s ability to fulfill international commitments. The project, part of the Central Asian Regional Economic Cooperation program (CAREC), is co -funded by the Asian Development Bank (ADB) and the Pakistani government. Despite his inauguration by the Prime Minister in February 2025, work has not yet begun, creating frustration between stakeholders and international financiers. In a discussion with reporters, Imdad Ullah, a spokesman for the Chinese consortium leading the project, warned that unnecessary obstacles
