Pakistan's Planning Minister Ahsan Iqbal chaired the meeting and discussed progress on Special Economic Zones, ML-1, KCR and several new development initiatives to be discussed by the Joint Working Groups (JWGs).
The issues facing the NJHP project indicate a deeper problem in Pak-China cooperation in the power sector. Pakistan owes around PKR300 billion to the Chinese independent power producers (IPPs) and the liability has become a sore point in the bilateral relations.
Islamabad [Pakistan], September 18 (ANI): Pakistan and China hailed their "all-weather" friendship after their leaders met on the sidelines of the Shanghai Cooperation Organization summit on Friday but analysts warned that International Monetary Fund terms for unlocking more funds for Islama
Islamabad [Pakistan], May 31 (ANI): In order to set in motion the squeaky wheels of Chinese projects in the country, Pakistan Prime Minister Shehbaz Sharif ordered the release of Rs 50 billion to Chinese Independent Power Producers (IPPs).
Islamabad [Pakistan], March 16 (ANI): As China halts the multi-billion dollar China-Pakistan Economic Corridor (CPEC) over differences in cost estimations and contractual disputes with Pakistan, the issue of overdue payments owed to Chinese independent power producers (IPPs) is near a breaki