HomeBusinessC-Pack project loan is ECC style, Khalid Mansoor

C-Pack project loan is ECC style, Khalid Mansoor

C-Pack project loan is ECC style, Khalid Mansoor

Power shortage is affecting domestic production by 3 to 3.5 percent, Special Assistant to the Prime Minister.  Photo: File

Power shortage is affecting domestic production by 3 to 3.5 percent, Special Assistant to the Prime Minister. Photo: File

Karachi: Special Assistant to the Prime Minister for C-Pac Khalid Mansoor has said that the debt of C-Pac project is ECC style.

Khalid Mansoor, Special Assistant to the Prime Minister for C-Pac, while giving a briefing on the C-Pac project at the Pakistan Stock Exchange, said that there have been conflicting speculations about the C-Pac project while the debt of the project is ECC-style. Is.

He said that under the ECC loan system, it is a condition of borrowing machinery from the issuer. At that time, 16 to 17 thousand megawatts of electricity shortage was helped to overcome the Chinese assistance, China listened to Pakistan and assured all possible cooperation, China in return to build its old Silk Road. I sought the cooperation of Pakistan.

He said that the first phase of C-Pack was successfully completed in 2020 and now we are in the second phase which will last till 2025.

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