Pakistan Muslim League-Nawaz leader Ahsan Iqbal said on Sunday that the volume of Chinese loans under the China-Pakistan Economic Corridor was $5.8 billion.
Minister for Planning Asad Umar had said a day earlier that these loans amounted $18 billion.
Iqbal took to Twitter on Sunday to debunk the planning minister’s claims. He said “irresponsible statements” by the Pakistan Tehreek-e-Insaf government on the multi-billion dollar corridor had already created problems.
The PML-N leader said these Chinese loans were payable within 20-25 years with an average markup of 2%. He said all energy projects under the CPEC were investment-based.
“These terms can’t be called loan; it is a special gift for iron brother Pakistan from China,” Iqbal added.