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31st July And 1st August Holiday Notification Issued

The federal government of Pakistan has also issued a notification for Monday and Tuesday holidays. According to media reports, there will be a public holiday in the federal capital Islamabad on July 31 and August 1 due to the visit of the Deputy Prime Minister of China to Pakistan.
In this regard the government has also issued a notification. It has been reported that the Chinese Deputy Prime Minister is arriving on a visit to Pakistan, after the approval of the Ministry of Interior, the district administration has issued a holiday notification in Islamabad on July 31 and August 1, due to which Monday and Tuesday are holiday in the federal capital, during which all private institutions, banks and educational institutions will remain closed in Islamabad.
On the other hand, the financing of the ML1 project between Pakistan and China has been settled, the ML1 project is likely to be signed in the first week of August, according to the agreement, the ML1 project will cost 6 billion 500 million dollars The cost of the project has been reduced from 8.5 billion dollars to 6.5 billion dollars.
Pakistan will provide 15 percent of the total cost of the ML1 project. The One framework was signed by Pakistan and China in May 2017, with ECNIC approving the project’s PC One in August 2020.
It has been learned that under the project, 1733 km of railway track from Karachi to Peshawar will be upgraded in two way track, along with the railway track, the latest signals and telecom system will be installed.
Under the project, trains will be run at a speed of 140 kmph on the Karachi to Peshawar track. To reduce the cost of the project, the fencing program around the entire track has been postponed, only the populated areas will be fenced, in the first phase such gates will be removed and overhead bridges will be built where there is population.

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