The federal government on Friday formed a committee comprising representatives from the Finance and Power Divisions as well as the China-Pakistan Economic Corridor (CPEC) to hold meetings with Chinese Independent Power Producers (IPPs) on a regular basis to address and resolve their concerns.
The development comes after Federal Minister for Finance and Revenue Miftah Ismail presided over a meeting on the issue of payments to Chinese IPPs at the Finance Division, according to a statement issued on Friday.
The meeting discussed the issue of outstanding payments to Chinese IPPs in Pakistan and other hurdles faced by them.
As per the statement, Miftah shared that CPEC is a flagship project of friendship between Pakistan and China, and expressed resolve of the present government to provide all kind of facilities to Chinese investors. He further assured the Chinese IPPs authorities to address and resolve their concerns immediately.
The CEOs of Chinese IPPs expressed their satisfaction over addressing and resolving their issues.
