China-Pakistan Dispute Over CPEC At ‘Breaking Point’; Beijing Reluctant To Pump Funds

With the fate of the multi-billion dollar China-Pakistan Economic Corridor (CPEC) hanging in the air, the latest reports are suggesting that Beijing is reluctant to pump new funds under the arrangement until problems faced by Chinese investors are resolved. As per reports, the issue of overdue payments owed to Chinese independent power producers (IPPs) is near a breaking point. The project has been halted over differences in cost estimations and contractual disputes Read More…