Pakistan
Pakistan to Settle Chinese IPPs’ Dues Ahead of CPEC Meeting
Pakistan is considering paying off nearly Rs 550 billion in dues owed to Chinese Independent Power Producers (IPPs) before the 13th Joint Coordination Committee (JCC) meeting of the China-Pakistan Economic Corridor (CPEC).
This move aims to resolve outstanding issues and finalize the cooperation roadmap under CPEC-2.
Chinese authorities have insisted on Prime Minister Sharif’s visit after the 13th JCC meeting to resolve pending matters, including scaling down outstanding dues to Chinese IPPs and ensuring future timely payments.
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The delay in payments and Chinese demands for special energy tariffs for Special Economic Zones (SEZs) have stalled major projects and investments.
Planning Minister Ahsan Iqbal is meeting relevant stakeholders, including the Cabinet Committee on Chinese Investment Projects (CCoCIP), to address these issues on high priority.
He has also engaged with Chinese and Pakistani businesses, focusing on industrial cooperation and business partnerships through CPEC-2.
