Pakistan can’t catch a break. IMF won’t give loans to ‘clear debt’. China won’t start CPEC
New Delhi: International monetary funds have reportedly asked Pakistan to re -negotiate energy agreements with China where the former should pay more than Pakistani Rupee Rugee to several Chinese companies operating in the country.
Pakistan who was full of debt and IMF was involved in difficult talks in Doha for giving $ 3 billion from the existing loan program.
This request arose after the rejection of Beijing to re-negotiate the provisions of the agreement for projects under the China-Pakistan Economic Corridor (CPEC), reported The Express Tribune. According to the report, the IMF suspected that the Chinese IPP might have burdened Pakistan excessively, thus encouraging the need to reopen this agreement.
There are more than 30 Chinese companies operating under CPEC in several infrastructu...