Peshawar [Pakistan], January 22 (ANI): China has invested billions in Pakistan s power sector but all the deals made with Pakistan are tainted that contributed to the recent nationwide blackout, which is likely to return in future, reported Asia Times.
Citing a report of the nine-member committee headed by Muhammad Ali, a former chairperson of the Security and Exchange Commission of Pakistan (SECP) of April 2020 FM Shakil, writing an opinion piece in Asia Times said the report made startling revelations about widespread malpractice in the power sector.
The report lifted the lid on the extent of Independent Power Producer (IPP) corruption, including among Chinese units installed under a government-to-government arrangement for China-Pakistan Economic Corridor (CPEC) related operation.
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China’s illegal profiteering in power sector leads to massive blackouts in Pakistan
By Mansoor| Updated: 22nd January 2021 7:26 pm IST Representational Image
Peshawar: China has invested billions in Pakistan’s power sector but all the deals made with Pakistan are tainted that contributed to the recent nationwide blackout, which is likely to return in future, reported Asia Times.
Citing a report of the nine-member committee headed by Muhammad Ali, a former chairperson of the Security and Exchange Commission of Pakistan (SECP) of April 2020 FM Shakil, writing an opinion piece in Asia Times said the report made startling revelations about widespread malpractice in the power sector.
Synopsis
The reality investments in the CPEC has been revealed in a 278-page report, which lists malpractices to the tune of $625 million in the independent power generating sector.
Reuters
There are allegations that pay offs were made by China to the top military leadership in Pakistan, including, the current head of the CPEC Authority Lt. Gen. (Retd.) Asim Saleem Bajwa.
New Delhi: An internal report submitted recently to Pakistan’s Prime Minister Imran Khan has made sensational allegation that China may made huge profits at the cost of its all-weather ally from
The reality investments in the China Pakistan Economic Corridor (CPEC) has been revealed in a 278-page report titled “Committee for Power Sector Audit, Circular Debt Reservation, and Future Road Map” which lists malpractices to the tune of $ 625 million in the independent power generating sector, with at least a third of it relating to Chinese projects, ET has learnt.