$600m commercial loan linked to IPP debt
Two Chinese commercial banks have linked their $600 million loans with the prior settlement of the debt that Pakistan owes to the Chinese power plants—a condition that Islamabad has refused to accept because of its implications on the budget and setting a wrong precedent.
Government sources told The Express Tribune that the prospects of securing the $600 million Chinese commercial lending have dimmed due to the fresh condition. Pakistan will take a condition-free Chinese commercial loan, they added.
Read more: https://tribune.com.pk/story/2452701/600m-commercial-loan-linked-to-ipp-debt
