INP-WealthPk
Energy projects under CPEC carry no financial burden on Pakistan
February 26, 2021
BEIJING, Feb. 26 (INP): A spokesperson of Chinese Foreign Ministry Zhao Lijian assured that the energy projects in Pakistan under CPEC 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, he categorically stated. We have made clear responses to similar questions on multiple occasions.
Replying a question at a news briefing about the loans of power and energy projects under the framework of China-Pakistan Economic Corridor (CPEC), Zhao Lijian said, he knows the energy projects very well from years of experience working in 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."
INP/javed