China’s illegal ‘profiteering’ in power sector leads to blackouts in Pakistan: Report
A recent report has claimed that the billions which China has invested in Pakistan’s power sector and all the deals made with Pakistan contributed to the recent nationwide blackout, which is likely to return in future.A report of the nine-member committee headed by Muhammad Ali, a former chairperson of the Security and Exchange Commission of Pakistan (SECP) of April 2020 FM Shakil, in an opinion piece said the report has made startling revelations about widespread malpractice in the power sector.The report exposed the extent of Independent Power Producer (IPP) corruption, including among Chinese units installed under a government-to-government arrangement for China-Pakistan Economic Corridor (CPEC) related operation.The report traced 100 billion Pakistani rupees (USD 625 million) in annual...