Press "Enter" to skip to content

Posts published in “Day: October 4, 2012

‘WB has termed Diamer-Bhasha Dam risk for financiers’

By Khalid Mustafa in the News, Oct 4 ISLAMABAD: The Economic Affairs Division (EAD) here on Wednesday informed a standing committee of the Senate that the World Bank (WB) had refused to extend a loan for the Diamer-Bhasha Dam project, terming it as risk financing. The EAD officials informed the Senate body about the situation, accepting their failure in arranging finance for the $12 billion Diamer-Bhasha Dam project. However, there are some commitments for the…