Pak still far from collecting funds needed for Bhasha dam
Pakistan, Feb. 19 -- As a part of his high-profile maiden visit to Pakistan, Saudi Crown Prince Mohammad bin Salman has agreed to grant funds of around $100 million for Diamer Bhasha dam project.
A Memorandum of Understanding was also signed in this regard between Pakistan and Saudi Arabia.
According to available information, the two countries have signed agreements worth $20 billion but only a meagre amount has been pledged for the much-hyped Bhasha Dam. With an estimated cost of $14 billion, the project makes up for nearly 10 per cent of Pakistan's total GDP.
Experts believe that building the Bhasha Dam is a mammoth task, unlikely to be accomplished if the project moves at this pace. Nearly 14 years after the Diamer Bhasha dam was an...
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