All because you had, as part of CPEC, constructed numerous power plants with the help of China guaranteeing returns in dollars. We all had said that it was a stupid move. All were entranced with China at the time, that people would just say if Indians were against it then it must be good for Pakistan. For us, it was more common sense.
Today India is contracting power plants (solar) for a mere 2.3 rupees INR per unit and you are stuck with paying 12 cents per unit (30 rupees pkr) to these Chinese power plants. They will suck the living out of all the middle and lower middle class of Pakistan, till there is no Pakistan. There was supposed to be an industrial revolution to be brought about by China in Pakistan. All seemed to have abandoned the thought. Pakistanis stop being emotional and look at the world as transactional and become part of it. Otherwise you will be the fools on the other side.
First, learn that more than 70% are Pakistani-owned IPP(S). Almost 100% belong to currently serving politicians or business partners assuming indirect control.
The real issue isn't China; the problem is our capture elite. But even these elites have mental retardation when it comes to financial engineering. It also proves they can't run a competent business solo if they aren't in power.
The issue they are underlining of imported coal doesn't stick either.
Lastly, Pakistan sold China the CPEC dream on a serving dish. It's not the bank's fault if one can't run the operations correctly.