Govt striving to clear $2bn Chinese IPPs dues

ISLAMABAD: With payables touching almost Rs550 billion ($1.98bn), the government is contemplating finalising a schedule of payments to Chinese Independent Power Producers (IPPs) before convening the 13th Joint Coordination Committee (JCC) of the China-Pakistan Economic Corridor. This will be followed by Prime Minister Shehbaz Sharif’s visit to Beijing, expected in the first week of June.

Informed sources told Dawn that the Chinese side had this time insisted Prime Minister Sharif’s visit...