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Pakistan Struggles with Energy Crisis and Financial Woes Linked to CPEC

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New Delhi, June 3 (IANS) Pakistan is facing an acute energy crisis-cum-financial crunch that is getting worse and is likely to deteriorate further if the China-Pakistan Economic Corridor’s (CPEC) second phase is carried out as proposed, according to an article in Asia Times.Pakistan’s power sector circular debt stood at 1.89 trillion rupees ($6.7 billion) as of February, up nearly 200 billion rupees in just two months. Of that total, 543 billion rupees trace directly to CPEC power projects, …