ISLAMABAD: After prolonged delays in securing financing from Beijing threatened to put a strain on a strategic mining project, the Asian Development Bank (ADB) has stepped in to fund upgrades to part of Pakistan’s railway system.

The ADB is in advanced talks to lead the financing of a $2 billion upgrade of a 500-km stretch of the railway line, which had previously been part of the Chinese project, two sources with direct knowledge of the discussions told Reuters.

The proposed rail upgrade would modernise the track and bridges from the com­mercial capital Karachi........

© Dawn Business