Pakistan's debt crisis has entered a fresh and more complicated phase after Chinese power producers refused to renegotiate contract terms or waive nearly PKR 170 billion in late payment surcharges owed to them, News18 reported. The impasse leaves Islamabad struggling with PKR 423 billion in unpaid dues to 18 China-Pakistan Economic Corridor power plants, bills that piled up through the 2025-26 fiscal year and have badly dented efforts to shrink the country's circular debt. [...]