Pakistan requests China to ease payment obligations in CPEC power projects

Islamabad: Cash-strapped Pakistan has requested China to ease the payment obligations of over USD 30 billion in the power projects under the China-Pakistan Economic Corridor (CPEC) to minimise its financial and economic difficulties.

The CPEC is a planned network of roads, railways and energy projects linking China’s resource-rich Xinjiang Uyghur Autonomous Region with Pakistan’s strategic Gwadar Port on the Arabian Sea.