Talks begin to roll over $3b CPEC debt

by admin

Pakistan and China have begun talks for the rollover of $3 billion worth of China-Pakistan Economic Corridor (CPEC) debt and have also agreed to hold a much-delayed meeting of the CPEC strategic committee, Khalid Mansoor, an aide to the prime minister, said on Monday.

An announced delay in holding the 10th meeting of the Joint Cooperation Committee (JCC) of CPEC and Pakistan’s discomfort with payment of upcoming debt of CPEC energy projects was sending negative signals about the government’s seriousness towards the multibillion-dollar strategic initiative.

For the restructuring of debt of CPEC energy projects, “talks with Chinese authorities have begun for a win-win situation”, said Special Assistant to Prime Minister on CPEC Affairs Khalid Mansoor while addressing his maiden press conference.

You may also like

Leave a Comment