Posted inPakistan

Pakistan begs China for power debt forgiveness

PESHAWAR – Pakistan’s debt problems are escalating as liabilities due on China-funded energy projects established under the China-Pakistan Economic Corridor (CPEC) surpass $31 billion and Beijing declines to restructure $3 billion in liabilities coming due that Islamabad possibly won’t pay. The debt load, owed largely for the building of independent power producers (IPPs) on take-or-pay […]