Pakistan to approach China to restructure its $15 billion energy debt

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The story "Pakistan to approach China to restructure its $15 billion energy debt" was covered 2 weeks ago by Business Standard, a news publisher based in India.

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Pakistan to approach China to restructure its $15 billion energy debt - Business Standard

Quick Summary:

Planning Minister Ahsan Iqbal and Finance Minister Muhammad Aurangzeb would visit China this week, the Express Tribune newspaper quoted highly placed sources as saying.

As the finance minister's visit was not scheduled earlier, Pakistan's ambassador to Beijing has been instructed to arrange meetings with Chinese authorities, said the sources.

Pakistan has decided to approach its all-weather ally China with a formal request to restructure its USD 15 billion energy debt to help the cash-strapped country wriggle out of its financial woes.