Pakistan Coal Miners Face Expansion Issue as China Stops Funding bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
Chinese and other major lenders are increasingly reluctant to invest in Pakistan’s expansion of coal mines, according to the head of a local producer.
“The real challenge for us is financing,” Amir Iqbal, CEO of Sindh Engro Coal Mining Co., said in an interview in Islamabad, mentioning China among the backers that have withdrawn their support.
ISLAMABAD: Chinese and other major lenders are increasingly reluctant to invest in Pakistan’s expansion of coal mines, according to the head of a local producer.“The real challenge for.
Pakistan s
largest coal miner Sindh Engro Coal Mining Co expects to
boost its output by 51.3% in 2024, its Chief Executive told
Reuters, as the south Asian economy seeks to reduce imports, cut
fuel.