IMF raised concerns over certain CPEC projects

IMF raised concerns over certain CPEC projects

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

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

According to the Chinese embassy, the cost of 22 underway and completed projects is $9 billion lower than the figures claimed by the Planning Ministry.

The variation of $9 billion could create problems in making accurate projections linked to future CPEC related outflows, said sources in the Ministry of Finance.