Pakistan Engages China in Power Sector Debt Reprofiling Talks

Pakistan's finance minister has announced that the country has started discussions on reprofiling its power sector debt to China. These talks are taking place alongside negotiations for structural reforms suggested by the International Monetary Fund. Islamabad is planning to appoint a local advisor in China for this initiative.

Pakistan has initiated discussions with China on reprofiling its power sector debt, according to a statement from the country's finance minister on Sunday. These conversations are occurring concurrently with talks on structural reforms proposed by the International Monetary Fund.

The finance minister indicated that the reprofiling of Chinese credit to Pakistan's power sector would be approached on a project-by-project basis. Islamabad is currently in the process of appointing a local advisor in China to facilitate these negotiations.