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China reluctant to clear $6 billion loan for CPEC project

China reluctant to clear $6 billion loan for CPEC project
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China reluctant to clear $6 billion loan for CPEC project
ANI / May 9, 2021, 15:09 IST
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ISLAMABAD: China has shown reluctance to clear a $6 billion loan for the single largest project under the China-Pakistan Economic Corridor (CPEC) due to the growing concern over mounting debt.
The cost of the Mainline-I (ML-I) railway project was initially $9 billion but later it was reduced gradually to $6.8 billion. According to a report in The Express Tribune, Chinese authorities are wary of Pakistan s ability to service its debt.
Beijing conveyed its concerns during a meeting held on March 30 to discuss financing modalities of the project, the Pakistan government officials said as per the report. ....

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China reluctant to clear USD 6 billion loan for CPEC project

China reluctant to clear USD 6 billion loan for CPEC project
ANI |
Updated: May 09, 2021 14:33 IST
Islamabad [Pakistan], May 9 (ANI): China has shown reluctance to clear a USD 6 billion loan for the single largest project under the China-Pakistan Economic Corridor (CPEC) due to the growing concern over mounting debt.
The cost of the Mainline-I (ML-I) railway project was initially USD 9 billion but later it was reduced gradually to USD 6.8 billion. According to a report in The Express Tribune, Chinese authorities are wary of Pakistan s ability to service its debt.
Beijing conveyed its concerns during a meeting held on March 30 to discuss financing modalities of the project, the Pakistan government officials said as per the report. ....

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China reluctant to clear $6 bn loan for CPEC project as debt rises

Read more about China reluctant to clear $6 bn loan for CPEC project as debt rises on Business Standard. China has shown reluctance to clear a $6 billion loan for the single largest project under the China-Pakistan Economic Corridor (CPEC) due to the growing concern over mounting debt ....

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China reluctant to clear USD 6 billion loan for CPEC

China reluctant to clear USD 6 billion loan for CPEC
ANI
09 May 2021, 19:18 GMT+10
Islamabad [Pakistan], May 9 (ANI): China has shown reluctance to clear a USD 6 billion loan for the single largest project under the China-Pakistan Economic Corridor (CPEC) due to the growing concern over mounting debt.
The cost of the Mainline-I (ML-I) railway project was initially USD 9 billion but later it was reduced gradually to USD 6.8 billion. According to a report in The Express Tribune, Chinese authorities are wary of Pakistan s ability to service its debt.
Beijing conveyed its concerns during a meeting held on March 30 to discuss financing modalities of the project, the Pakistan government officials said as per the report. ....

United States , Pakistan Railways , Arabian Sea , India General , Planning Commission Of Pakistan Dr Jehanzeb Khan , China Pakistan Economic Corridor , Express Tribune , Chairman Planning Commission , Pakistan Dr Jehanzeb Khan , Modern Diplomacy , Main Line I , South Asia , ஒன்றுபட்டது மாநிலங்களில் , பாக்கிஸ்தான் ரயில்வே , அரேபியன் கடல் , இந்தியா ஜநரல் , சீனா பாக்கிஸ்தான் பொருளாதார தாழ்வாரம் , எக்ஸ்பிரஸ் ட்ரிப்யூன் , தலைவர் திட்டமிடல் தரகு , நவீன இராஜதந்திரம் , பிரதான வரி நான் , தெற்கு ஆசியா ,

China shows reluctance to clear USD 6 billion loan for CPEC project

Highlights
The outcome of recent meetings between the two countries reveals significant scaling down of Pakistan`s expectations
The Pakistani side clarified that the debt situation is being monitored
Pakistan has been unable to secure any favourable consideration including the concessionary loan at an interest rate of one per cent
Islamabad: China has shown reluctance to clear a USD 6 billion loan for the single largest project under the China-Pakistan Economic Corridor (CPEC) due to the growing concern over mounting debt.
The cost of the Mainline-I (ML-I) railway project was initially USD 9 billion but later it was reduced gradually to USD 6.8 billion. According to a report in The Express Tribune, Chinese authorities are wary of Pakistan`s ability to service its debt. ....

United States , Pakistan Railways , Arabian Sea , India General , Planning Commission Of Pakistan Dr Jehanzeb Khan , China Pakistan Economic Corridor , Express Tribune , Chairman Planning Commission , Pakistan Dr Jehanzeb Khan , Modern Diplomacy , Main Line I , South Asia , ஒன்றுபட்டது மாநிலங்களில் , பாக்கிஸ்தான் ரயில்வே , அரேபியன் கடல் , இந்தியா ஜநரல் , சீனா பாக்கிஸ்தான் பொருளாதார தாழ்வாரம் , எக்ஸ்பிரஸ் ட்ரிப்யூன் , தலைவர் திட்டமிடல் தரகு , நவீன இராஜதந்திரம் , பிரதான வரி நான் , தெற்கு ஆசியா ,