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THE STANDARD BLOG Having been formed in 2015 to transform Pakistan s economy by modernising its road, rail, air, and energy transportation systems and to connect the deep-sea Pakistani ports of Gwadar and Karachi to China s Xinjiang province and beyond by overland routes, the China-Pakistan Economic Corridor (CPEC) has achieved very little and instead has left Pakistan in precarious situation economically. Recent reports including the World Bank and Institute for Policy Reforms have painted a grim picture of a struggling economy with very little to show in terms of infrastructure with the Lahore-based think tank institute maintaining Pakistan could be slipping into a debt trap, raising national security concerns. ....
Ministry moves summary on payments to IPPs Government had put release of funds on hold following investigation ISLAMABAD: The Power Division has again moved a summary to the Economic Coordination Committee (ECC) regarding release of payments to Independent Power Plants (IPPs). It moved a summary in the wake of a letter received by the National Accountability Bureau (NAB). The government had already signed agreements with IPPs to pay Rs403 billion in instalments. The anti-corruption watchdog is currently investigating into the alleged excess profit. Earlier, the government had put the release of payments on hold following investigation launched by the NAB. The anti-corruption watchdog was conducting investigation against a power plant set up by a business tycoon. However, it had sought all record relating to the agreements that the government had signed with IPPs. ....
ECC may stop payments to IPPs tribune.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribune.com.pk Daily Mail and Mail on Sunday newspapers.
Another Indian disinformation campaign against CPEC busted By Hina Haroon The Kite Flying in Indian Journalism is the rule of the day nowadays and India has become the top country popular for fake news, disinformation campaigns, and embedding of journalistic cadre with its intelligence networking to malign China Pakistan Economic Corridor (CPEC). CPEC on Indian Target Board The Economic Times is an Indian English-language business-focused daily newspaper owned by “The Times Group”. The Economic Times (ET) began publication in 1961 and had been considered as a reliable source of the Indian economy and business in the past. In one of its recent stories at its paid content site, it claimed that it got hold of a 278-page report, which lists malpractices to the tune of $625 million in the independent power generating sector of Pakistan related to the China Pakistan Economic Corridor (CPEC). ....