A spokesperson for China’s Ministry of Foreign Affairs, Zhao Lijian, said that the power projects under the China-Pakistan Economic Corridor (CPEC) have not incurred a debt burden on Pakistan because they were investment projects. During his regular briefing, he affirmed, “I can say this with ...

KARACHI – The down fall of rupee was in year 2018 cost Pakistan Rs 2700 billion, it has been reported. In January 2018 dollar was trading at Rs110 level but in the end of the year it touched Rs140. The declining trend in rupee cost Rs2700 billion rupee extra debt burden on the ...

*ISLAMABAD - The Planning Commission of Pakistan has rejected the local and the international media and institutions agenda over the CPEC debt burden on Pakistan.* *PC issued a clarification to address the concerns of the global community about Pakistan’s CPEC-related Chinese debts.* The ...

ISLAMABAD: Senior leader of Pakistan Muslim League-Nawaz and former planning minister, Ahsan Iqbal has rubbished the US statement that huge Chinese loans area responsible for Pakistan’s current economic challenges. Former minister shared this on his twitter on Friday, Ahsan Iqbal, who was also ...

BEIJING - China has responded over the report which has alleged the China Pakistan Economic Corridor projects as the main reason behind the Pakistan debt burden. China on Tuesday denied media reports which blamed the China Pakistan Economic Corridor (CPEC) as a major reason behind the debt ...

BEIJING - China has responded over the report which has alleged the China Pakistan Economic Corridor projects as the main reason behind the Pakistan debt burden. China on Tuesday denied media reports which blamed the China Pakistan Economic Corridor (CPEC) as a major reason behind the debt ...

ISLAMABAD: China Pakistan Economic Corridor (CPEC) projects has not imposed any immediate debt burden on government of Pakistan as these projects are financed through a composite financing package comprising long-term government-to-government concessional and preferential loans, as well as grants ...

ISLAMABAD: Ministry of Planning says CPEC projects do not impose any immediate debt burden on Pakistan.  While refuting Western media reports regarding CPEC, it said these projects are financed through a composite financing package comprising long-term concessional and preferential loans, as ...

ISLAMABAD - China Pakistan Economic Corridor (CPEC) projects has not imposed any immediate debt burden on government of Pakistan as these projects are financed through a composite financing package comprising long-term government-to-government concessional and preferential loans, as well as grants ...

NEW DELHI: Indian police arrested a loan shark Tuesday after an impoverished labourer burdened with debt doused himself and his family in kerosene and set them alight, killing his wife and two daughters.The man remains in a critical condition with serious burns after self-immolating Monday at a ...