The Chinese embassy in Islamabad has asked Pakistan to release overdue payments to the tune of $1.5 billion to Chinese Independent Power Plants (IPPs) working under the mega $64 billion China-Pakistan Economic Corridor (CPEC). The embassy also asked the embattled country to loosen forex restrictions which pose a hurdle in coal imports due to which … Continue reading Beijing asks bankrupt Pak to release dues for CPEC power firms and allow import of coal