PM approves US$ 90 million for restoration of KKH

ISLAMABAD: Prime Minister Syed Yusuf Raza Gilani on Thursday approved US$ 90 million for the restoration of Karakoram Highway, out of the financial help provided by the Chinese Government. The credit facility had been extended by China as part of a larger confessional facility for the post flood rehabilitation and reconstruction in the communication, energy and transport sectors.  The operationalization of Karakoram Highway has been a priority of the government due to its strategic significance, being an important means of communication for the people, as well as an important trade route. – APP