Pakistan to seek China's help for $15bn energy debt restructuring amid financial crisis.
Pakistan plans to approach China for help in restructuring its $15 billion energy debt amid a deepening financial crisis. Planning Minister Ahsan Iqbal and Finance Minister Muhammad Aurangzeb are scheduled to visit China this week to present a formal request for debt restructuring. The visit underscores the urgency of addressing Chinese Independent Power Producers' (IPP) debt, which has become a significant issue for the cash-strapped country.
July 09, 2024
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