CPEC Authority asks Pakistan's power company to pay overdue

Feb 01, 2022

Islamabad [Pakistan], February 1 : The China Pakistan Economic Corridor Authority (CPECA) has urged the Central Power Purchasing Agency-Guaranteed (CPPA-G) to pay overdue receivables...

China may tighten its purse on CPEC projects: Report

Nov 02, 2022

Shehbaz Sharif Wednesday held a meeting with Chinese leader Xi Jinping that focussed on expanding cooperation on the China-Pakistan Economic Corridor (CPEC). Both leaders...

Instability in Pakistan may impact China ties, CPEC, IMF loans

May 23, 2022

Beijing [China], May 23 : China's interactions with the new government in Pakistan may not have generated the necessary confidence to consolidate bilateral ties...

Fitch downgrades Future Retail to restricted default on DDE

May 01, 2021

Mumbai (Maharashtra) [India], May 1 : Fitch Ratings has downgraded Future Retail Ltd's (FRL's) long-term issuer default rating to 'restricted default' from 'distressed' following...

Pakistan: Delay in CPEC projects may deepen mistrust among Chinese investors

Oct 22, 2021

Islamabad [Pakistan], October 22 : Several projects under China-Pakistan Economic Corridor have been facing delay due to unresolved issues as the Pakistan government is...

US may default on debt as soon as June 1, Treasury Secy Yellen reaffirms

May 15, 2023

"With additional information now available, I am writing to note that we still estimate that Treasury will likely no longer be able to satisfy...