Pakistan faces rejection from Chinese firms over ₹5,800 crore penalty waiver

Chinese energy companies have turned down Pakistan's request to drop late-payment fees totaling approximately PKR 170 billion (₹5,800 crore). In response, Pakistan is said to be seeking up to $10 billion in affordable international loans to settle its energy-related debt to China. Reports indicate that the nation is reaching out to countries like Saudi Arabia to secure this funding.

by shortkt.com
8 hours ago
Pakistan faces rejection from Chinese firms over ₹5,800 crore penalty waiver | ShortKT