Planning Ministry rejects U. S. diplomat's remarks about CPEC.

ISLAMABAD -- The planning ministry has affirmed that the speech by a U. S. diplomat on the China-Pakistan Economic Corridor (CPEC) Project was based on wrong analysis and incorrect assessment of the facts. Commenting on her views, the spokesperson of the ministry said major share of CPEC investments were allocated to energy projects and all the energy projects were in IPP mode and thus bearing no financial liabilities on the Government of Pakistan.

He said for infrastructure projects, the amount was USD 5. 8 billion and that too concessionary loan at 2. 34 percent with tenure of 25 years starting from 2021. The...

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