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Articles for tag: china, CPEC, debt, ICBC, Independent Power Producers, IPP, Latest, linked, loan, million

January 10, 2024

News Desk

$600 million loan linked to IPP debt

Islamabad: Two Chinese commercial banks have tied their $600 million loans to the earlier settlement of debt owed by Pakistan to Chinese power plants – a term Islamabad has refused to accept because of its budgetary implications and setting a wrong precedent. Government sources told The Express Tribune that prospects of securing the $600 million Chinese commercial loan have dimmed due to the new situation. Pakistan will receive an unconditional Chinese trade loan, they added. Pakistan was in negotiations with the Industrial and Commercial Bank of China (ICBC) and the Bank of China for a total loan of $600 million.

January 9, 2024

News Desk

$600 million commercial loan linked to IPP debt

Islamabad: Two Chinese commercial banks have tied their $600 million loans to the earlier settlement of debt owed by Pakistan to Chinese power plants – a term Islamabad has refused to accept because of its budgetary implications and setting a wrong precedent. government sources said The Express Tribune that the prospects of securing the $600 million Chinese commercial loan have dimmed due to the new situation. Pakistan will receive an unconditional Chinese trade loan, they added. Pakistan was in negotiations with the Industrial and Commercial Bank of China (ICBC) and the Bank of China for a total loan of $600

October 22, 2023

The Pakistan Daily

Ghulam Sarwar Khan likely to join IPP

LAHORE: Former aviation minister and PTI leader Ghulam Sarwar Khan on Sunday held a meeting with senior leadership of Istehkam-e-Pakistan Party (IPP). Sources privy to the development said that Sarwar is likely to join Jahangir Tareen’s IPP in the coming days. Earlier this year, the former minister had announced quitting the Pakistan Tehreek-e-Insaf (PTI) over May 9 protests In video statement, Ghulam Sarwar Khan had condemned the May 9 violence, saying people involved in the attack on GHQ, Jinnah House and military memorials should be brought to justice. “I condemn individuals engaged in confrontation with state institution,” Sarwar said and

October 6, 2023

The Pakistan Daily

ECP registers Istehkam-e-Pakistan Party

ISLAMABAD: The Election Commission of Pakistan (ECP) registered the Istehkam-e-Pakistan Party (IPP) and issued a notification to this effect. With this registration, the IPP becomes eligible to participate in the upcoming general elections. The ECP has reviewed and accepted all the details and documents provided by the party’s management, including the results of the intra-party elections, recognizing the legitimacy of the IPP. The IPP was inaugurated on June 8, 2023, during a press conference held at a local hotel in Lahore. Separately, scheduled to review a petition next week that seeks the removal of allegedly “biased” members of the federal

August 10, 2023

The Pakistan Daily

IPP announces 38-member Central Executive Committee

The Istehkam-e-Pakistan Party has announced its Central Executive Committee. The committee was announced by IPP President Abdul Aleem Khan in consultation with the party’s Patron-in-Chief Jahangir Tareen. IPP Secretary General Aamir Kayani issued a notification of the CEC members. According to the notification, the 38-member CEC of the IPP includes senior leaders Jahangir Tareen, Abdul Aleem Khan, Imran Ismail and Ishaq Khakwani. Sardar Tanveer Ilyas, Aamir Mehmood Kayani, Awn Chaudhry, Firdous Ashiq Awan and Mehmood Maulvi are also part of the committee. Party leaders Nauman Langriyal, Saeed Akbar Nawani, GG Jamal, Fayyazul Hasan Chohan, Raja Yawar Kamal, Rana Nazir Ahmad

July 21, 2023

The Pakistan Daily

Fawad Ch denies affiliation with Istehkam-e-Pakistan Party

Former Pakistan Tehreek-e-Insaf (PTI) leader, Fawad Chaudhry, made it clear on Friday that he would not be associated with the Istehkam-e-Pakistan Party (IPP). Addressing the media outside the district and sessions court of Islamabad, Fawad Chaudhry categorically denied any role within the IPP and asserted that no political activities are taking place on his part. Responding to questions regarding elections, Chaudhry expressed skepticism about the timely conduct of elections in Punjab and Khyber Pakhtunkhwa (KP). He stated, “Elections were not held in 90 days in Punjab and KP, now do whatever they want. But I don’t foresee the elections taking

July 16, 2023

The Pakistan Daily

IPP to form expert team for ‘economic action plan’

LAHORE: Istehkam-e-Pakistan Party (IPP) has decided to constitute a team of experts to develop a robust action plan containing policies that will help the country deal with its economic challenges. The decision was taken during a meeting between IPP president Abdul Aleem Khan and other party leaders at the party secretariat in Lahore. The meeting discussed the need for a strong economic programme. Speaking on the occasion, Aleem Khan directed the party leaders to formulate an action plan comprising the best economic policies for the future. The IPP president said that the country’s annual growth rate has decreased to an

June 19, 2023

The Pakistan Daily

Aleem Khan directs Noman Langrial, Awn Chaudhry to resign from federal cabinet

LAHORE: Istehkam-e-Pakistan Party (IPP) president Aleem Khan on Monday directed party members Noman Langrial and Awn Chaudhry to resign from cabinet. Mr Khan said the IPP had no relation with the PDM-led government, adding that Mr Langrial and Mr Chaudhry were independent members of the cabinet. “The IPP will contest election separately,” he added. Earlier, Pir Syedul Hassan Shah and Sheikh Yaqoob called on Mr Khan and discussed political situation and preparations ahead of general elections. “The government should do more to give relief to inflation-stricken people,” he added. The IPP would fight for people’s rights, he said. “The party

June 12, 2023

The Pakistan Daily

Aleem Khan appointed President of Istehkam-e-Pakistan Party

Former Pakistan Tehreek-e-Insaf (PTI) member Abdul Aleem Khan has been appointed president of the newly established Istehkam-e-Pakistan Party (IPP), its founder Jahangir Khan Tareen announced. Taking to Twitter to make the announcement, he also said Aamir Mehmood Kiyani has been appointed the party’s Secretary General. Meanwhile, Awn Chaudhary has been appointed Additional Secretary General and Spokesperson of the Party as well as of the Patron-in-Chief. “More announcements to follow,” wrote Tareen. All three are former PTI members. Aleem Khan left PTI in 2021 while Kiyani quit the party following the events of May 9. Tareen officially launched IPP in Lahore

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