Pakistan power sector bankrupt, Chinese partner companies call for immediate release of money

Mar 25, 2022

Islamabad [Pakistan], March 25 : Pakistan's power sector has gone bankrupt but the country lavishly spends its resources on secretly funding terrorist activities and...

Unpaid power bills obstruct Chinese funding of Pakistan's power projects

Nov 21, 2022

China on Monday conveyed to Pakistan that huge unpaid power bills are forcing the drying up of Chinese funding to other Pak power projects.

Pakistan: PM Shehbaz Sharif orders release of Rs 50 billion to Chinese IPPs

May 31, 2022

Islamabad [Pakistan], May 31 : In order to set in motion the squeaky wheels of Chinese projects in the country, Pakistan Prime Minister Shehbaz...

Chinese company holds back insurance cover of major China-Pakistan Economic Corridor projects

Nov 10, 2021

Beijing [China], November 10 : Chinese insurance company 'Sinosure' has held back insurance cover to six major energy power projects worth USD 5 billion,...

Pak looking to pay PKR 550 bn dues of Chinese power producers before PM Sharif's Beijing visit

May 01, 2024

Chinese power dues currently stand close to PKR 550 billion, with disruptions observed in timely payments under the revolving fund in recent months. Chinese...

Pakistan to start clearing dues of Chinese power projects from next week: Report

Sep 10, 2022

Islamabad [Pakistan], September 10 : Pakistan has announced that it will start making payments to the independent power producers (IPPs) set up under the...