Saturday, June 6, 2020  | 13 Shawwal, 1441
Samaa TV
Facebook Twitter Youtube
HOME > Politics

Volume of Chinese loans under CPEC is $5.8b: Ahsan Iqbal

SAMAA | - Posted: Nov 24, 2019 | Last Updated: 6 months ago
SAMAA |
Posted: Nov 24, 2019 | Last Updated: 6 months ago
Volume of Chinese loans under CPEC is $5.8b: Ahsan Iqbal

Pakistan Muslim League-Nawaz leader Ahsan Iqbal said on Sunday that the volume of Chinese loans under the China-Pakistan Economic Corridor was $5.8 billion.

Minister for Planning Asad Umar had said a day earlier that these loans amounted $18 billion.

Iqbal took to Twitter on Sunday to debunk the planning minister’s claims. He said “irresponsible statements” by the Pakistan Tehreek-e-Insaf government on the multi-billion dollar corridor had already created problems.

The PML-N leader said these Chinese loans were payable within 20-25 years with an average markup of 2%. He said all energy projects under the CPEC were investment-based.

“These terms can’t be called loan; it is a special gift for iron brother Pakistan from China,” Iqbal added.

Follow SAMAA English on FacebookTwitter, and Instagram.

FaceBook WhatsApp
 
HOME  
 
 
RELATED STORIES
 

Tell us what you think:

Your email address will not be published.

FaceBook WhatsApp
 

 
 
Ahsan Iqbal, Asad Umar, China, PML-N, loans, volume
 
MOST READ
MOST READ
CAA closes Lahore airport runway for two months
PSO slashes high-octane petrol price by Rs15
The dating dacoits of Sindh
I’m never flying with PIA again: Maheen Khan
Pakistani writer Asif Farrukhi passes away
Contact list to get tested for Coronavirus in Pakistan
 
 
 
 
 
About Us   |   Anchor Profiles   |   Online Advertising   |   Contact Us   |   Feedback   |   Apps   |   FAQs
Facebook   |   Twitter   |   Instagram   |   YouTube   |   WhatsApp