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PAKISTAN AIMS TO SETTLE PKR 550 BILLION DEBTS OWED TO CHINESE POWER PRODUCERS AHEAD OF PM SHARIF'S TRIP TO BEIJING
The Business Guardian
|May 02, 2024
Chinese power dues currently stand close to PKR 550 billion, with disruptions observed in timely payments under the revolving fund in recent months.
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Pakistan is in talks to finalize a payment schedule of nearly Pakistan currency (PKR) 550 billion (USD 1.98 bn) to Chinese Independent Power Producers (IPPs) ahead of the 13th Joint Coordination Committee (JCC) meeting of the China-Pakistan Economic Corridor (CPEC), Dawn reported on Wednesday.
Prime Minister Shehbaz Sharif's visit to Beijing, slated for the first week of June, is expected to follow the JCC meeting.
The Pakistan-based news daily reported citing sources revealed that the Chinese authorities have stipulated that Pakistan Prime Minister Shehbaz Sharif's visit should occur after the 13th JCC meeting to address outstanding issues and solidify cooperation under CPEC-2. However, the scheduling of the JCC meeting is pending due to unresolved issues.
Denne historien er fra May 02, 2024-utgaven av The Business Guardian.
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FLERE HISTORIER FRA The Business Guardian
The Business Guardian
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