The National Development and Reform Commission (NDRC) and Ministry of Planning , Development and Reform, on May 15, 2017, signed a framework agreement on Up-gradation and doubling of Main Line-1 (ML-1) from Karachi to Peshawar and establishment of Havelian dry port. The ECNEC approved PC-1 of project on August 5, 2020. Both countries, China and Pakistan have constituted a Financing Committee to finalize the concessional financing agreement of project. The upgradation of ML-1 will be done in three phases. The project of worth $ 6806 million would be financed through the Chinese government concessional loan. Total 24000 employment opportunities will be created during the construction phase of ML-1. The project is expected to be completed in 2025.