Times of Islamabad

IMF raised concerns over certain CPEC projects

IMF raised concerns over certain CPEC projects

ISLAMABAD – The International Monetary Fund (IMF) has expressed concernsover the energy deals reached under the China-Pakistan Economic Corridor(CPEC).

On the second day of deliberations with the IMF team, the Ministry ofPlanning and Power Division officials met them as a $9 billion variationsurfaced between the figures shared by Islamabad and Beijing about the costof underway and completed projects, reports *Express Tribune.*

According to the Chinese embassy, the cost of 22 underway and completedprojects is $9 billion lower than the figures claimed by the PlanningMinistry.

The variation of $9 billion could create problems in making accurateprojections linked to future CPEC related outflows, said sources in theMinistry of Finance.