A major infrastructure project under the China – Pakistan Economic Corridor (CPEC), the ML-1 (Main Line 1) project aims to modernize Pakistan’s railway network, particularly its main rail artery from Karachi to Peshawar. With an estimated cost $6.8 billion, this project is expected to improve Pakistan’s transportation capabilities, shorten travel time and boost the effectiveness of both passengers and freight movement as part of Pakistani border connectivity strategy with Central Asia. It will also serve as a catalyst for the integration of regional economies. The ML-1 upgrade would improve the country’s internal logistics network and provide new opportunities for investment and trade by offering smooth rail and road access to the Central Asian states via Pakistan’s northern regions. Through multibillion dollar investment in CPEC, China is enabling Pakistan to build its economy on solid footings thereby opening vistas of seamless opportunities. This will enhance the geo-economic significance of the Belt and Road Initiative (BRI) by positioning Pakistan as a major transit hub. It is anticipated that the project will increase economic activity, promote regional collaboration and open up trade prospects between South and Central Asia and beyond. China-Pakistan bilateral relations present unique example of mutual trust and respect in contemporary world of international relations.
25 September, 2024