PM Shehbaz directs fast-tracking of ML-1 upgrade
METTIS GLOBAL • • 1 min read

Prime Minister Shehbaz Sharif has asked officials to accelerate the ML-1 railway upgrade, according to Mettis Global. He has also cleared the use of railway land, valued at billions of rupees, to secure bank financing for construction through commercial projects. Pakistan Railways is to receive corporate-style reforms, with a detailed plan due within two weeks on the land's true commercial value.
The directives were issued during a meeting in Islamabad on railway reforms and the ML-1 project, attended by federal ministers and senior officials including the State Bank governor and the NAB chairman. Shehbaz praised the NAB and railway ministry teams for recovering encroached railway land. He described the modernisation as essential for better passenger services and greater freight capacity, and said it should be executed on commercial terms.
The meeting heard that the 1,726-kilometre upgrade is split into four sections: Karachi-Rohri, Rohri-Multan, Multan-Lahore and Lahore-Peshawar. International funding currently covers the Karachi-Rohri stretch, while domestic resources are being planned for the other three.
At a glance
- PM Shehbaz Sharif asked authorities to speed up the ML-1 upgrade.
- Railway land worth billions of rupees was approved for use in securing bank funding.
- The 1,726-kilometre upgrade is split into four sections, with Karachi-Rohri under international financing.
Originally reported by METTIS GLOBAL
This page is Investify's own summary. The full report, with all details and context, is on the publisher's site.
Read the full storyWant the full article here?
Log in to read the full article in the Investify reader, in English or Urdu.
Investify summarizes Pakistan Stock Exchange news in its own words and links each story to its original publisher. We always credit the source so you can read the full report and verify the details before making financial decisions.
More PSX market news
PTC urges PM to mobilise ministries to retain GSP+ under new EU schemeBR• 22 Oct 2026
Direct flights between Pakistan and Maldives on the horizon as PM stresses connectivityDawn• 22 Oct 2026
Pakistan as an Emerging Power in Global MineralsMettis• 22 Oct 2026
SBP-held forex reserves rise by $19mn to $21.49bnBR• 22 Oct 2026
Privatisation Commission prequalifies 10 parties for IESCO saleBR• 22 Oct 2026
Gold price per tola drops by Rs3,000 in PakistanBR• 22 Oct 2026
