Some Pakistani power firms stuck in slow lane on China’s Silk Road

Power stations built as part of the China-Pakistan Economic Corridor (CPEC), a $57 billion project involving energy, road and rail infrastructure, are being kitted out with Chinese cables exempt from import duty and sales tax.
Such exemptions, more generous for CPEC projects than others, threaten to undermine local industry, according to Mian, one of a growing number of executives now questioning an initiative long portrayed as the key to Pakistan’s prosperity.

Published in Business Recorder, 7th April, 2017