Pakistan Circular Debt For Chinese Independent Power Producers Reaches PKR 350 Billion
Islamabad: The current outstanding payment on account of circular debt for Chinese Independent Power Producers (IPPs) has jumped to Pakistani Rupees (PKR) 350 billion with increasing demands to clear the backlog, The News International reported.During a China-Pakistan Economic Corridor (CPEC) review meeting held on Friday, it was announced, "The outstanding backlog of Chinese IPPs stands at Rs350