Pakistan cuts biggest CPEC project by $2 billion
Pakistan has cut the size of the biggest China-Pakistan Economic Corridor (CPEC) project in the country by $2 billion, citing concerns about its debt levels. The project to renovate the 1,872-kilometre rail line connecting Karachi and Peshawar was initially priced at $8.2 billion. The CPEC is part of China's Belt and Road Initiative.