Planni­ng dept says Pakist­ani given prefer­ential intere­st ratesISLAMABAD: Pakistan will start repayments for infrastructure project to China by the year 2021, the Senate Special Committee on the China-Pakistan Economic Corridor (CPEC) was informed on Thursday. “The projects in Gwadar are being financed by Chinese grant and interest-free loans. “The tariff matter pertaining to 300 megawatt of electricity is now with the National Electronic Power Regulatory Authority (Nepra),” the planning secretary informed. Committee convener Senator Sherry Rehman asked how $300 million was enough for 16 socio-economic development projects and the possible and potential benefits of such projects. The committee directed the planning ministry to come up with a comprehensive briefing pertaining to details and impact of socio-economic development projects in its next meeting.

Source: The Express Tribune June 14, 2019 04:29 UTC