IMF not asking Pakistan to renegotiate CPEC IPP deals: Fund clarifies

MG News | June 16, 2022 at 09:15 AM GMT+05:00

0:00

June 16, 2022 (MLN): The International Monetary Fund (IMF) did not ask Pakistan to renegotiate CPEC IPP contracts, Esther Perez Ruiz IMF Resident Representative for Pakistan said in a statement issued on Thursday.

“These claims are simply untrue,” she claimed.

“Rather, the IMF supports the government’s multipronged strategy to restore energy sector viability which shares the burden of restoring viability across all stakeholder government, producers, and consumers,” she added.

A week ago, the news item was taking rounds in different sections of media that the IMF has asked the Pakistan side to renegotiate the China-Pakistan Economic Corridor (CPEC) energy deals before making payments of around Rs300 billion to the Chinese power plants.

It is pertinent to mention that the government of cash-strapped Pakistan is on its toes to comply with IMF’s condition to resume the EFF program.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	156,234.62 111.79M	0.55% 850.11
ALLSHR	95,650.08 332.98M	0.54% 516.51
KSE30	47,747.69 49.55M	0.59% 280.70
KMI30	229,135.60 32.49M	0.65% 1490.38
KMIALLSHR	64,268.58 161.30M	0.60% 380.52
BKTi	42,133.75 29.23M	0.89% 371.98
OGTi	31,748.12 1.54M	0.41% 128.98

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	115,220.00	117,240.00 114,940.00	-2045.00 -1.74%
BRENT CRUDE	67.14	67.52 66.78	0.15 0.22%
RICHARDS BAY COAL MONTHLY	84.00	0.00 0.00	-1.20 -1.41%
ROTTERDAM COAL MONTHLY	93.00	0.00 0.00	0.05 0.05%
USD RBD PALM OLEIN	1,106.50	1,106.50 1,106.50	0.00 0.00%
CRUDE OIL - WTI	62.90	63.24 62.52	0.21 0.34%
SUGAR #11 WORLD	15.90	15.98 15.80	0.11 0.70%