Pakistan's stalled China-backed rail project prompts turn to Japan

Regional leaders show 'buyer's remorse' over cost of Belt and Road loans

20191018 PAKISTAN-KARACHI/

Women and children cross a bridge along the Karachi Circular Railway in poor neighborhood in Karachi: Problems obtaining loans for the railway from China has local leaders looking for help from Japan. © Reuters

ADNAN AAMIR, Contributing writer

KARACHI -- A regional government in Pakistan says it is open to funding from Japan for an urban railway after funding for the project under the China-Pakistan Economic Corridor, or CPEC, hit a snag.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.