The International Monetary Fund (IMF) did not push Pakistan to renegotiate CPEC IPP contracts, according to Esther Perez Ruiz, the IMF’s Resident Representative for Pakistan.
Such claims, she stated, were just false.
She went on to say that the IMF backed the Pakistani government’s multi-pronged plan to resurrect the country’s energy industry, which distributed the burden among all stakeholders, including the government, producers, and consumers.
It should be recalled that the IMF has pushed Pakistan to renegotiate the CPEC energy accords before making payments of roughly Rs300 billion to the Chinese power facilities, according to media reports.
Pakistan's logistics industry stands at a critical crossroads, grappling with significant challenges that impede…
The European Union (EU) has expressed concern over the sentencing of 25 individuals involved in…
Lahore Garrison University (LGU) celebrated a milestone event as its Department of Mass Communication organized…
Lahore, Pakistan – December 22, 2024 – The highly anticipated finale of Neo Hum Bridal…
The United States has removed a $10 million bounty on Ahmed al-Sharaa, the leader of…
An accountability court hearing the £190 million case involving Pakistan Tehreek-e-Insaf (PTI) founder Imran Khan…
Leave a Comment