By Shahbaz Rana in The Express Tribune, June 29. ISLAMABAD: The Asian Development Bank (ADB) has said that Pakistan’s limited financial resources may affect progress on Diamer-Bhasha Dam even if the international lending agencies extend the assistance for completion of the multi-billion-dollar project. The issue of counterpart rupee funding against the external loans was raised by Klaus Gerhaeuser, the director general for Central and West Asia department of the ADB during a meeting with finance…
Posts published in “Day: June 28, 2012”
For Pakistan already buffeted by tricky problems from all sides, there are ever new challenges to encounter. Now, as reported in the press, the Diamir Bhasha Dam that Pakistan wants to build on River Indus near Chilas, District Diamir, 165km downstream of Gilgit, has met with a snag. The World Bank that had earlier promised to provide finances for its construction, though on certain tough conditions, has expressed reservations about honouring its commitment on the…
MIRPUR: News of Muhammad Ibrahim’s life savings being usurped by half a dozen officials of Askari Bank Limited took its toll on elderly man on Monday. The 75-year-old Sangoat-born Kashmiri suffered a heart attack after being informed that his entire bank balance of Rs8.3 million has been zeroed as a result of embezzlements by six officials of Askari Bank Limited Mirpur branch. He is currently admitted in the intensive care unit of the state-run Kashmir…
GILGIT: A court in Gilgit has accepted the bail plea of a detained youth activist Baba Jan, who was imprisoned last year under the Anti-Terrorism Act for protesting over the killing of a man and son in Hunza. “He will be released from jail in about two days,” Advocate Ehsan Ali, the counsel for Baba Jan, told The Express Tribune on Wednesday. Jan, who is the chief organiser of Progressive Youth Movement, was among the…
ISLAMABAD, June 27: The Supreme Court on Wednesday ordered suspension of Inspector General (IG) Police Gilgit-Baltistan (GB), Hussain Asghar. A three-member bench of the court headed by Chief Justice Iftikhar Mohammad Chaudhry hearing the hajj corruption scam passed the orders after it was informed that Hussain Asghar did not want to rejoin Federal Investigation Agency (FIA). Hussain Asghar was head of the investigation team probing hajj scam and was later appointed as IG of Gilgit-Baltistan…