China would provide $5.5 billion concessional loan to Pakistan for upgradation and dualization of Pakistan Railways main line track from Karachi to Torkham at a cost of $ 8 billion.
Federal Minister for Planning, Development and Reforms Ahsan Iqbal stated this during a briefing of Parliamentary Committee on his recent visit to China, along with the Railways Minister, Khawaja Saad Rafiq, where the decision was taken for up-gradation and dualization of the Pakistan Railways main line track from Karachi to Torkham, at a cost of $ 8 billion, of which $ 5.5 billion would be a concessional loan from China.
The parliamentary committee on China Pakistan Economic Corridor (CPEC) that met with Senator Mushahid Hussain Sayed in the chair, was given a detailed briefing by Ahsan Iqbal.
He informed the committee that the Joint Coordination Committee (JCC), which is the apex body for CPEC, will hold its 6th meeting in Beijing on November 28-29, 2016. Before that meeting, the Joint Working Groups will be held during the early part of November, he said.
He also announced that five joint Pakistan-China workshops will be arranged to learn from the Chinese experience in urban and rural development, poverty alleviation and industrial parks.
Ahsan Iqbal said that as per the directions of the Parliamentary Committee on CPEC, all the provinces and Gilgit-Baltistan would be invited to the JCC meeting in Beijing.
He said every province would have a special industrial zone under CPEC.
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