The government has asked to slow down work on the ML-I funding deal
Islamabad: The Economic Affairs Directorate (EAD) has advised the government to move slowly in finalizing a financing deal for nearly $6 billion Chinese loan for the China-Pakistan Economic Corridor (CPEC) Mainline-I (ML-I) project to avoid complications in the implementation of the mega scheme. The advice came amid serious objections raised by the Planning Commission’s vice-chairman against the committee’s bypassing of the downward revision of the project’s cost, according to sources familiar with the developments. These issues were raised during a meeting held to review the status of the ML-I project a few days ago. Pakistan and China agreed to revise
