Pakistan urges China to soften terms for power deals

Pakistan has urged China to ease in payment obligations of over $30 billion worth of about 12,000-megawatt power projects under the China-Pakistan Economic Corridor (CPEC). This will help Pakistan minimise its financial and economic difficulties. This is part of the ongoing government efforts to secure discounts and savings on power purchases from independent power producers (IPPs) as circular debt liabilities cross Rs2 trillion.

Source: Dawn