ISLAMABAD:
To meet the IMF's conditions, the government has put on hold its mega initiatives of Metro Bus projects for Islamabad and Karachi and the much-touted bullet train, costing Rs115billion, it is learnt.
"The first victim of fiscal consolidation under the IMF's conditionalities has again been the Public Sector Development Programme (PSDP) which might be slashed to the tune of Rs115 billion by putting on hold new initiatives envisioned by the government at the time of budget 2013-14," official sources confirmed to The News here on Wednesday.
Bullet train, Metro Bus for Karachi, Islamabad dropped - thenews.com.pk
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