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Tag: Pakistan economic crisis
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China Pulls Out of Major Project in Pakistan: What It Means for CPEC and the Future
China has dealt a significant blow to Pakistan’s infrastructure ambitions by withdrawing from the flagship Main Line-1 (ML-1) railway project, a critical part of the China–Pakistan Economic Corridor (CPEC). The project, aimed at modernizing Pakistan’s railways, was considered one of the largest and most strategic initiatives under CPEC. With China stepping back, Pakistan is now…