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Posts published in “Day: March 12, 2013

Neelum-Jhelum Hydropower Project: Officials opposing costly loan agreement removed

by Khaleeq Kiani  in Dawn, Mar 14 ISLAMABAD: Two days before the end of its five-year tenure, the government is likely to sign a $500 million commercial loan agreement with a foreign bank to finance the $2.8 billion Neelum-Jhelum Hydropower Project of 969MW capacity. According to an official, the agreement is being finalised at about eight per cent interest that works out to about 15 per cent after accounting for currency exchange despite the government’s…

Gilgit-Baltistan on the verge of bloodshed: by Manzoor Qadir in Daily Times, Mar 12

ISLAMABAD: After volatile Balochistan, the situation in Gilgit-Baltistan (GB) has turned into a volcano that could erupt at any time, exposing hundreds of locals to violence, hatred and death, Daily Times has learnt from reliable sources. At present a great deal of unrest that is being witnessed among the residents of GB representing various religious sects, including Deobandi, Shia, Sunni and Ismaili, could disrupt the law and order situation, triggering large-scale violence in the northern…