Pakistan ministers in China, plead for debt relief
Friday, 26 July 2024
During a visit to China, Pakistan finance minister Muhammad Aurangzeb met with Chinese counterpart Lan Fo'an to seek relief from Pakistan's power sector debts. The Pakistani delegation requested an eight-year extension for repaying energy debts, conversion of US dollar-based interest payments to Chinese currency, and reductions in interest rates for both CPEC and non-CPEC Chinese-funded projects.
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