After securing a $7 billion bailout from the IMF, Pakistan is in talks to reprofile Chinese debt, delay energy sector debt, and extend a cash loan term to address economic challenges.
Pakistan aims to renegotiate costly agreements with Chinese power producers under CPEC, with pressure to lower electricity prices and manage economic difficulties.
Chinese investments in CPEC projects, primarily energy infrastructure, have added to Pakistan's economic woes, exacerbated by capacity payments to Chinese companies operating power plants.
CPEC focuses on building shipping connections for Chinese goods from Gwadar port to Xinjiang, representing a key component of China's Belt and Road Initiative.
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