Islamabad, July 27 -- 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 reported.
According to The Express Tribune, this marks yet another increase, PKR 22 billion more than last year, highlighting ongoing mismanagement in the energy sector.
Since 2017, Pakistan has paid PKR 5.1 trillion to 18 Chinese power plants. However, officials admit that a large portion of the current dues, over PKR 100 billion, is comprised of late payment penalties, rather than energy costs, as reported by The Express Trib...
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