https://tribune.com.pk/story/2406105/beijing-asks-for-15b-paymentPang reportedly told Fatemi that overdue payments to the Chinese power companies are close to $1.5 billion, causing concern among Chinese businesses. Many problems haunting Chinese power plants are due to policy decisions. Chinese power plants cannot import coal due to low forex with Pakistani banks. But the power plants cannot compare the prices due to exchange rate fluctuation and rupee devaluation. The worst affected coal-fired power plants are located at Hub in Balochistan, Sahiwal in Punjab and Port Qasim in Karachi.

Source: The Express Tribune March 18, 2023 05:23 UTC