Islamabad, Oct 9: Pakistan Power Sector Debt Reprofiling Ready to Negotiate $15 Billion with China
Pakistan is prepared to renegotiate the restructuring of $15.4 billion in power sector liabilities linked to the China-Pakistan Economic Corridor (CPEC). This adjustment is expected to be reviewed and finalized during the Chinese prime minister’s visit to Pakistan later this month.
The Pakistani government has suggested extending the repayment timeline for these energy projects by five years, which would increase the total financial burden by $1.22 billion, bringing the overall amount to $16.62 billion.
Pakistan Power Sector Debt Reprofiling A memorandum of understanding (MoU) outlining this restructuring is anticipated to be signed between Pakistan’s Private Power Infrastructure Board and Chinese firms during the visit. If successful, the deal will be presented to the federal cabinet for formal approval.
