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…
Posts published in October 2012
MIRPUR: Leaders and workers of Pakistan Muslim League – Nawaz (PML-N) held protest demonstrations in Mirpur and Bhimber districts on Monday against the Azad Jammu and Kashmir (AJK) government’s inability to arrest or penalise the people involved in the killing of nine members of the party during the past three months. The members of the opposition party threatened to launch a civil disobedience movement if the people responsible were not brought to task within one…
By Shabbir Mir in The Express Tribune, Oct 3 GILGIT: Prime Minister (PM) Raja Pervaiz Ashraf’s speech during his maiden visit to Gilgit has left many locals disappointed. They maintain that the premier made tall claims of mega development projects in Gilgit-Baltistan (G-B), similar to those made by his predecessors many times and which they failed to deliver. Moreover, they dubbed the Rs2 billion development package announced by PM Ashraf for G-B as “insufficient” for…
by Ahmad Fraz Khan in DAWN, OCT 2 LAHORE, Oct 1: The Ministry of Water and Power, the Planning Commission and the Ministry of Finance have raised objections to the way the Neelum-Jhelum hydropower project has been implemented and to its cost which has swollen by 380 per cent over the past few years. In a joint communiqué to Wapda, they noted that on the basis of overall revised cost of the project after second…
HYDERABAD, Sept 30: A number of people from Bheel Colony in Mithi held a demonstration outside the press club here on Sunday in protest against demolition of 70 houses and five temples in their area of residence. They raised slogans against MNA Mahish Kumar Malani, accusing him of getting their religious places and houses demolished on Sept 18 by employing government machinery. Leading the protest, Mannu Bheel and Bhagat Kachhro Bheel said they had been…
The Nation, Oct 1 ISLAMABAD – Foreign fanciers’ reluctance to release committed funds has risked timely completion of 969MW Neelum-Jehlum Hydropower project (NJHPC) facing Rs 90 billion shortfall as 59 per cent physical work is still pending. Both the notable external financiers namely Export Import (Exim) Bank of China (committed $448 million) and Abu Dhabi Fund ($100 million), are dillydallying on the release of funds they had agreed to contribute to the critical project in…