The visiting IMF delegation raised the issue of CPEC deals during a meeting with the officials of the Ministry of Planning and Development, according to the sources. Proposing Saudi Arabia as CPEC partnerThe IMF staff-level delegation is visiting Pakistan to assess the country’s macroeconomic situation. The sources said the IMF delegation inquired about the contract agreements of the energy projects of CPEC. “The IMF delegation was informed that at present, 22 projects worth $28.6 billion were under various phases of implementation in CPEC,” said Hasaan Daud Butt, the CPEC project coordinator. Pakistan and China had signed the CPEC Energy Framework Agreement in November 2014.

Source: The Express Tribune September 29, 2018 03:33 UTC