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CPEC dues soar to PKR 423 billion amid Pakistan's fiscal mismanagement, mo
Updated : 9 months, 3 weeks ago IST
Despite repeated promises and agreements, the Pakistani government has once again failed to honour its financial commitments under the China-Pakistan Economic Corridor (CPEC), with outstanding payments to Chinese power producers ballooning to PKR 423 billion by June 2025, The Express Tribune
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Pak looking to pay PKR 550 bn dues of Chinese power producers before PM Sh
Updated : 2 years ago IST
Chinese power dues currently stand close to PKR 550 billion, with disruptions observed in timely payments under the revolving fund in recent months. Chinese financial institutions are seeking reassurance to extend further cooperation in critical projects, necessitating urgent confidence-buil
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Pakistan's power grid owes 1.2 billion USD to Chinese producers
Updated : 2 years, 8 months ago IST
Pakistan’s National Electric Power Regulatory Authority (Nepra), held a public hearing on the request of the central power purchasing agency (CPPA) for recovering an additional PKR 28.3bn or PKR 1.83 per unit fuel cost adjustment in Discos’ tariffs for electricity consumed in August, noted t
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Pak's market operator seeks PKR 100 billion for coverage of payments to Ch
Updated : 3 years, 7 months ago IST
Pak's market operator sought PKR 100 billion for coverage of payments to Chinese power producers as per the revolving account agreement.
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Blackout grips Pakistan as country fails to pay Chinese power producers
Updated : 3 years, 11 months ago IST
Islamabad [Pakistan], June 16 (ANI): Due to Pakistan's inability to make payments to the Chinese power supplies, the country lies in the abyss of electricity outages which is disrupting life and business amid this unbearable heatwave.
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Chinese power producers warn of closure if not paid dues of over Rs 300 bn
Updated : 4 years ago IST
Islamabad [Pakistan], May 10 (ANI): Amid pending payments of Rs 300 billion, dozens of Chinese power producers in Pakistan said that they would be forced to shut down their power plants this month unless payments were made upfront.
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Pakistan to extend Saindak lease, tax concessions to Chinese contractors
Updated : 4 years, 3 months ago IST
Islamabad [Pakistan], February 9 (ANI): In order to attract investment to the second phase of the China-Pakistan Economic Corridor (CPEC), the Economic Coordination Committee (ECC) of the Cabinet will take up an 11-point agenda on Wednesday that includes the extension of the lease to Chinese
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