China Steps Back, ADB Steps In: Pakistan’s Belt & Road Shake-Up | Vantage with Palki Sharma | N18G

Pakistan's biggest Belt and Road Initiative project, the ML-1 railway upgrade, will now be funded by the Asian Development Bank, not China. This marks a shift as Beijing retreats, amid $1.5 billion in unpaid power sector dues and escalating security threats. A report claims ADB has agreed to lend $2 billion for the Karachi-Rohri stretch, breaking China's monopoly on funding CPEC projects. The project cost was revised down to $6.7 billion. Experts say this change signals a rethink in China-Pakistan ties. Unlike previous Chinese-led deals, the ADB funding will involve competitive bidding and transparent procurement—ushering in a new era of multilateral involvement.

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Pakistan | China | PM Shehbaz Sharif | CPEC Project | Asian Development Bank | Belt and Road Initiative | Firstpost | World News | News Live | Vantage | Palki Sharma | News

#pakistan #china #shehbazsharif #cpecproject #beltandroadinitiative #asiandevelopmentbank #firstpost #vantageonfirstpost #palkisharma #worldnews

Vantage is a ground-breaking news, opinions, and current affairs show from Firstpost. Catering to a global audience, Vantage covers the biggest news stories from a 360-degree perspective, giving viewers a chance to assess the impact of world events through a uniquely Indian lens.

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Vantage airs Monday to Friday at 9 PM IST on Firstpost across all leading platforms.

By breaking stereotypes, Vantage aims to challenge conventional wisdom and present an alternative view on global affairs, defying the norm and opening the door to new perspectives. The show goes beyond the headlines to uncover the hidden stories – making Vantage a destination for thought-provoking ideas.

Vantage airs Monday to Friday at 9 PM IST on Firstpost across all leading platforms.

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