AGL 5.60 Decreased By ▼ -0.18 (-3.11%)
ANL 8.90 Increased By ▲ 0.02 (0.23%)
AVN 76.85 Decreased By ▼ -2.07 (-2.62%)
BOP 5.26 Decreased By ▼ -0.02 (-0.38%)
CNERGY 4.63 Decreased By ▼ -0.07 (-1.49%)
EFERT 81.27 Decreased By ▼ -0.33 (-0.4%)
EPCL 50.08 Decreased By ▼ -0.83 (-1.63%)
FCCL 13.16 Decreased By ▼ -0.22 (-1.64%)
FFL 5.69 Decreased By ▼ -0.03 (-0.52%)
FLYNG 7.07 Decreased By ▼ -0.08 (-1.12%)
FNEL 4.79 Decreased By ▼ -0.03 (-0.62%)
GGGL 8.80 Decreased By ▼ -0.10 (-1.12%)
GGL 14.55 Decreased By ▼ -1.33 (-8.38%)
HUMNL 5.69 Decreased By ▼ -0.08 (-1.39%)
KEL 2.63 Decreased By ▼ -0.03 (-1.13%)
LOTCHEM 28.60 Decreased By ▼ -0.45 (-1.55%)
MLCF 24.49 Decreased By ▼ -0.61 (-2.43%)
OGDC 72.43 Decreased By ▼ -0.02 (-0.03%)
PAEL 15.36 Increased By ▲ 0.01 (0.07%)
PIBTL 5.00 Decreased By ▼ -0.05 (-0.99%)
PRL 16.10 Decreased By ▼ -0.19 (-1.17%)
SILK 1.08 Decreased By ▼ -0.01 (-0.92%)
TELE 9.14 Decreased By ▼ -0.23 (-2.45%)
TPL 7.23 Decreased By ▼ -0.10 (-1.36%)
TPLP 18.61 Decreased By ▼ -0.34 (-1.79%)
TREET 21.68 Decreased By ▼ -0.32 (-1.45%)
TRG 136.71 Decreased By ▼ -4.44 (-3.15%)
UNITY 16.88 Decreased By ▼ -0.14 (-0.82%)
WAVES 9.86 Decreased By ▼ -0.04 (-0.4%)
WTL 1.41 No Change ▼ 0.00 (0%)
BR100 4,225 Decreased By -29.6 (-0.7%)
BR30 15,518 Decreased By -214.7 (-1.36%)
KSE100 42,150 Decreased By -243.4 (-0.57%)
KSE30 15,588 Decreased By -75.7 (-0.48%)
Follow us

ISLAMABAD: Federal Planning and Development Minister Asad Umar said that misinformation was spread about the CPEC loan and clarified that the Chinese debt is only 26 percent of the total external liabilities of Pakistan.

Umar was talking to media persons in Islamabad on Tuesday. He said that CPEC-related projects are transparent and carry no hidden debt.

Reacting to a recent report of an American think tank on CPEC, he said details about the corridor project have been shared on multiple occasions including at the level of parliament. There is also a parliamentary oversight on this mega project, he added.

The minister said the terms of debt financing for power projects executed under the CPEC are actually more favorable than the non-CPEC financing which had come in from other multilateral agencies.

He said the loans which were taken by the government were also at the concessional rate of two percent.

CPEC open to all kinds of foreign investment: Umar

He said China has also provided grants to execute different CPEC related projects.

Umar added that a vocational training institute has been established in Gwadar with the Chinese grant.

He said fake news is spread against the corridor project in order to spread despondency amongst the people and give a wrong impression to the world about Pakistan.

The Minister for Planning said most of the projects under the CPEC have been completed in the stipulated period. He said both Pakistan and China welcome investment from other countries in this project. He said Pakistan will support transforming this bilateral corridor into a regional corridor project.

Comments

Comments are closed.

Ahmad nawaz Oct 27, 2021 02:26pm
Good
thumb_up Recommended (0)
Ahmad nawaz Oct 27, 2021 02:27pm
thumb_up Recommended (0)
Ahmad nawaz Oct 27, 2021 02:28pm
ماشاءاللّٰه
thumb_up Recommended (0)

CPEC carries no 'hidden' debt: Umar

PTI to quit Punjab, KP assemblies this month: Imran Khan

3 police personnel gunned down in Nowshera

US condemns attack on Pakistani embassy in Kabul, calls for probe

Dutch masters into World Cup quarter-finals as USA downed

OPEC+ will keep oil policy unchanged in review talks: sources

PTI quitting provincial assemblies will be humiliating for its voters: Saad Rafiq

Russia: price cap is ‘dangerous’ and will not curb demand for our oil

Pakistan calls on interim Afghan govt to up security at Kabul embassy after attack

Moonis’ claims on Gen Bajwa raises doubts on institution’s apolitical narrative: Sanaullah

US unveils high-tech B-21 stealth bomber