Pakistan ministers in China, plead for debt relief July 25, 2024 at 11:05PM

During a visit to China, Pakistan finance minister Muhammad Aurangzeb met with Chinese counterpart Lan Fo'an to seek relief from Pakistan's power sector debts. The Pakistani delegation requested an eight-year extension for repaying energy debts, conversion of US dollar-based interest payments to Chinese currency, and reductions in interest rates for both CPEC and non-CPEC Chinese-funded projects.