Beijing’s help sought for insurance cover of six CPEC projects

ISLAMABAD: Pakistan has sought Chinese government’s intervention to persuade China Export and Credit Insurance Corpora­tion — Sinosure — to clear about $13 billion insurance cover of energy and infrastructure projects on priority basis. Sinosure — the Chinese state insurer — has to underwrite all foreign investments and debts but has been holding back insurance cover of about $5bn to six major power projects of over … Continue reading Beijing’s help sought for insurance cover of six CPEC projects