Pakistan has given its approval for the $7.2bn project to upgrade the railway between Karachi and Peshawar.
The approval was given by the Central Development Working Party (CDWP).
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This 1,872km-long rail line is a part of the China Pakistan Economic Corridor (CPEC) and will link Kashgar, China, with Pakistan’s Gwadar Port.
Times of India quoted CPEC Authority chairman Asim Saleem Bajwa as saying that this approval is a major milestone in the CPEC phase two.
The modernisation of the rail line is expected to boost the speed of the passenger trains to 160km/h from 110km/h.
With this approval, Pakistan will undertake negotiations with China for the project finances and inform the International Monetary Fund regarding the loan.
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