🚨 Pakistan Imports "Non-Functional" Railway Bogies from China Worth $149M
A major controversy is brewing as Pakistan Railways received faulty railway bogies imported from China under a $149 million deal. 🇵🇰🇨🇳
📉 Accountability Under Fire
Authorities are questioning the competence of Pakistani inspection teams stationed in China, as reported by The Express Tribune.
🇨🇳⚠️ This adds to the mounting issues surrounding the China-Pakistan Economic Corridor (CPEC), already plagued by delays and mistrust.
📊 Chinese Firms Hit Pause
Due to:
Soaring exchange rates 📈
Regulatory hurdles with Pakistan’s power authority ⚡
Chinese companies are reportedly adopting a "go-slow" strategy in Pakistan (Business Recorder).
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