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Pakistan offers ALLB partnership in Dasu, Mohmand Dam projects   

BEIJING: Minister for Planning, Development and Reform Makhdum Khusro Bakhtyar on Wednesday invited Asian Infrastructure Investment Bank (AIIB) and Chinese corporate leaders to forge a sustainable long-term partnership with Pakistan aimed at financing projects that contribute to overall economic growth of the country. According to a statement released from the ministry, Khusro Bakhtyar extended this invitation while meeting with the president of AIIB Mr. Jin Liqun and leadership of Chinese companies including China Railway…

Govt acquires 392 acres of land for Dasu hydropower project

ISLAMABAD: The National Assembly was informed on Thursday that the government has acquired about 392 acres of land for Dasu Hydropower Project and Rs695 million have been paid to the land owners. Minister of State for Water and Power Abid Sher Ali told the House during question hour that further land acquisition and payment to the owners will be made very soon. He expressed hope that the work on the project would begin in the next two to three months. To a query, Abid Sher Ali said subsidy is being provided to…

WB to approve funding for Dasu Dam tomorrow: Dar

ISLAMABAD: Finance Minister Ishaq Dar has said that the board of World Bank (WB) will approve funding for Dasu Dam on Tuesday, June 10, ARY News reported. Informing the Senate Standing Committee on Finance, the minister said there was no need of obtaining no objection certificate (NOC) from India or any other country to construct Bhasha Dam. He said the first phase of Dasu Dam will complete during the tenure of incumbent government. The finance minister told that government had increases Rs 6,000 in annual stipend of…