Due to the delay in agreement with the IMF, Pakistan is facing shortage of dollars and the payments of IPPs have been delayed.
Despite all the preliminary measures, the agreement between Pakistan and the IMF has not yet been finalized, due to which Pakistan is facing shortage of dollars.
Sources say that due to the shortage of dollars, IPPs payments have been delayed, and Chinese companies’ arrears of IPPs have reached one and a half billion dollars, and Chinese companies have sued the CPPA for late payments. It has been informed.
Despite the implementation of all the preconditions, the IMF imposed a new condition
Sources said there are coal-fired power plants at Sahiwal, Port Qasim and Hub under CPEC, and payments to China’s coal-fired power plants are delayed.
On the other hand, officials of the Ministry of Finance say that coal-fired IPPs are facing difficulties due to non-payment, but the situation is likely to improve if dollars are available.