Islamabad [Pakistan], February 23 (ANI): Pakistan railway line project, Main Line (ML-1), is hanging in the balance owing to the financial delays by Exim Bank of China.
There is a bone of contention between Pakistan and China regarding the maturity period for loans. Beijing wants to cut short the tenure of the loan to 15-20 years and finance an 85 per cent share of the project while Islamabad proposes a 25-year tenure.
An
Pakistan railway project hanging in balance as China delays finance
