Journal : Ministry of Foreign Affairs Press Briefing Date : Author : NA Page No. : NA
URL : NA

Extracts from Foreign Ministry Spokesperson’s Regular Press Conference

 

Prasar Bharati: As per reports, Pakistan has requested China to reschedule their debts to the scale of 22 billion US dollars in power projects that China has funded. Can you please confirm this?

Zhao Lijian: We have made clear responses to similar questions on multiple occasions.

I don’t know how you came up with this number, but I guess you are asking about the loans of power and energy projects under the framework of China-Pakistan Economic Corridor (CPEC), right?

I know the energy projects very well from years of experience working in Pakistan. I can assure you that these projects are supported by commercial investment or foreign direct investment. They are invested by Chinese companies and the Pakistani government does not need to repay any of the loans. Therefore, the projects won’t bring debt burden to Pakistan.

The construction and operation of the projects are well underway. They provided a large amount of stable and affordable power supply to Pakistan and increased the Pakistani government’s tax revenue, delivering tangible economic and social benefits. We are confident that China-Pakistan energy cooperation will continue to make greater contribution to Pakistan’s national development and people’s well-being.

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