KARACHI -- The Main Line 1, or ML-1, railway project, the largest in China's Belt and Road Initiative in Pakistan, has run into trouble as Beijing is reluctant to finance the project at the 1% interest rate demanded by Islamabad.
Belt and Road
Pakistan Belt and Road railway hits snag as China nixes low rate
Islamabad turns to G-20 for debt relief after Beijing reluctant to negotiate
A laborer digs in preparation for the replacement of concrete sleepers along a railway track in Karachi in Jan. 2018. © Reuters
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