This previous CAS Tanvir Sb, from day one had been giving the specifications of FC-20, which clearly were different from the J-10A specifications, thus it was clear from day one that we are not going for J-10A variants. And as far as money is concerned, by 2011-12 all the major platforms being acquired would be inducted and would have been paid for, as except Chinese no one gives us products on loan, all charge up the money from start, thus F-16 Blk 52s and the supporting weapons most probably already paid for, AEW&Cs paid for to sweden, the refuellers paid for by then, Chinese AEW&C isn't that costly as per the public price tag, plus hopefully it will be paid for by then, even by then the JF-17s loan for first 42s to a good amount would be paid for, and China has no issue in giving us FC-20s on sellers credit.
So i say, bogus made up story.
As if you guys Google it, no one else first reported it, no major newspaper and there is no news of any recent briefing by the CAS to the standing committee, the last time the committee had come to PAC and were briefed, that was about one year back.