Another milestone reached in the plan put into motion by Bajwa and his puppets PDM to pivot towards western block and ditch China continued by Asim mistry and PDM 2.0
India must be celebrating that they've managed to scuttle Chinese investment without firing a shot and now have a subservient neighbour in form of Pakistan.
The thing is these stupid generals will be ditched by the west as soon as their work is done.
Another surrender by patloon utar phoj and their minions
Shahbaz Rana March 17, 2024
design: mohsin alam
ISLAMABAD:
Pakistan has assured the International Monetary Fund that it does not plan to allocate additional budget to settle the Rs493 billion dues of Chinese power plants. The global lender is also questioning the efficacy of the power sector’s anti-theft campaign.
The IMF inquired about the government’s decision on the allocation of funds for the Chinese power plants over and above the budgeted amount of Rs48 billion for this fiscal year, said officials of the Ministry of Energy.
They added that the IMF was informed there was no plan to approve additional funds for retiring the outstanding debt of the Chinese power plants.
The outstanding dues of power projects of China-Pakistan Economic Corridor (CPEC) alarmingly increased to a record Rs493 billion or $1.8 billion as of end January. The amount was Rs214 billion or 77% higher than June last year.
The build-up of Chinese debt violates the 2015 Energy Framework Agreement, which binds Pakistan to allocate sufficient money in a special fund to keep Chinese investors immune from the circular debt. However, the government is allocating only Rs48 billion annually with a condition to withdraw a maximum of Rs4 billion per month.
tribune.com.pk
India must be celebrating that they've managed to scuttle Chinese investment without firing a shot and now have a subservient neighbour in form of Pakistan.
The thing is these stupid generals will be ditched by the west as soon as their work is done.
Another surrender by patloon utar phoj and their minions
IMF assured: No more funds for CPEC
Shahbaz Rana March 17, 2024
design: mohsin alam
ISLAMABAD:
Pakistan has assured the International Monetary Fund that it does not plan to allocate additional budget to settle the Rs493 billion dues of Chinese power plants. The global lender is also questioning the efficacy of the power sector’s anti-theft campaign.
The IMF inquired about the government’s decision on the allocation of funds for the Chinese power plants over and above the budgeted amount of Rs48 billion for this fiscal year, said officials of the Ministry of Energy.
They added that the IMF was informed there was no plan to approve additional funds for retiring the outstanding debt of the Chinese power plants.
The outstanding dues of power projects of China-Pakistan Economic Corridor (CPEC) alarmingly increased to a record Rs493 billion or $1.8 billion as of end January. The amount was Rs214 billion or 77% higher than June last year.
The build-up of Chinese debt violates the 2015 Energy Framework Agreement, which binds Pakistan to allocate sufficient money in a special fund to keep Chinese investors immune from the circular debt. However, the government is allocating only Rs48 billion annually with a condition to withdraw a maximum of Rs4 billion per month.
IMF assured: No more funds for CPEC | The Express Tribune
Fund questions increase of Rs7/unit in electricity prices, circular debt handling
