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Posts published in “Day: September 26, 2012

Frivolous complaints: edit in The Nation, Sept 26

Owing to the growing power shortage, Pakistan has asked India to give up its opposition to the Bhasha Dam, as this is preventing international donors like the Asian Development Bank from investing in the project. Whereas the successful influence of Indian lobbying is obvious, our own procrastination when it comes to such crucial ventures is also quite evident. Among one of the objections that New Delhi has come up with is that the dam would…

Verge of bankruptcy: G-B govt’s Rs13b dues leave PASSCO high and dry

By Anwer Sumra in The Express Tribune, Sept 26 LAHORE: The Pakistan Agriculture Storage and Services Corporation (Passco) is facing a severe resource crunch in its food security operations because the Gilgit-Baltistan (G-B) government is yet to pay  the corporation Rs13 billion in dues since 2007, The Express Tribune has learnt. If the outstanding liabilities are not paid urgently by G-B, the corporation is likely to face bankruptcy during the next wheat procurement season –…

Diamer Bhasha Dam: ADB faces internal resistance to financing vital project

By Zafar Bhutta  in The Express Tribune, Sept 26 ISLAMABAD: The Asian Development Bank (ADB) has admitted that it is facing internal resistance to plans to finance the multi-billion-dollar Diamer Bhasha Dam because of a lack of consensus among donors. In a report submitted to the Ministry of Water and Power, water wing of the Water and Power Development Authority (Wapda) quoted ADB Director General Central West Asia Development Klaus Gerhaeusser as saying the bank…