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International relations

Pakistan under pressure to renegotiate hefty Chinese power deals

Beijing unlikely to concede to Islamabad's request, experts say

Electricity theft and distribution problems caused by line losses have left Pakistan's government short of revenue.   © Getty Images

ISLAMABAD -- Pressure is growing on the Pakistani government to iron out agreements with power producers, especially Chinese companies, to bring down its energy bill which forms one of the biggest items in its budget and is an overwhelming burden for the population.

Finance Minister Muhammad Aurangzeb and Energy Minister Sardar Awais Ahmad Khan Laghari are in Beijing until Friday for talks with Chinese authorities. Local media reported that their aim is to delay Pakistan's debt payments -- worth more than $15 billion -- by five years.

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