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    Israel kills Hezbollah leader in Beirut strike

    Pakistan presents “justified” demands to end cross-border terrorism in Istanbul talks

    Pakistan, EU stress Afghan Taliban to curb terrorism

    5 killed as KP Govt’s rescue helicopter crashes during flood operation

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    IMF calls for Pakistan to declare assets of above grade 17 govt officials

    IMF urges Pakistan to reduce discretionary exemptions

    Gold price decreases Rs1,800 per tola

    Pakistan lifts ban on gold import and export

    Federal Govt to constitute new NFC for distribution of resources to provinces

    NFC meeting scheduled for December 4 to discuss IMF conditions

    FBR introduces new law mandating NOC for property transactions

    FBR to launch extensive audit of income tax returns this year

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    IMF seeks special audit of supplementary grants in Pakistan

    IMF calls for Pakistan to declare assets of above grade 17 govt officials

    Govt awaits IMF nod to unveil first industrial policy

    IMF wants cryptocurrencies under tax net

    Expert says Pakistani asset-backed crypto holdings could be $30 billion

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    ECC approves over Rs659 bln guarantee for circular debt settlement

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    Hundreds of containers costs Rs.1bn daily stranded at ports due to Pak-Afghan tension

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    Bollywood mourns as legendry Dharmendra passes away at 89

    Indian Punjabi singer Harman Sidhu dies in road accident

    Rohit Shetty confirms ‘Golmaal 5’ with Ajay Devgn

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India’s objection over Diamer-Bhasha dam rejected

Web Desk by Web Desk
in BUSINESS, PAKISTAN
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Beijing rejected the objection raised by New Delhi over the construction of Diamer-Bhasha dam on Friday and said economic cooperation between China and Pakistan was aimed at promoting economic development and improving the well-being of the local population.

Prime Minister Imran Khan had directed to immediately start construction activities of the dam after issues related to settlement, detailed road map for mobilisation and financial resources of the Diamer-Bhasha dam were resolved.

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The Diamer-Bhasha dam is a 4,500-megawatt project with an estimated cost of US$ 15 billion and which is expected to be one of the largest dams in the world after completion.

The project, being termed as a positive stimulus for Pakistan’s economy, will not only create 16,500 jobs but will also generate 4,500 MW of electricity.

Additionally, the project will also irrigate 1.2 million acres of agricultural land while extending the life of Tarbela Dam by 35 years.

During a media briefing in Beijing, Chinese Foreign Ministry’s Spokesperson Zhao Lijian said, “China and Pakistan conduct the economic cooperation in order to promote the economic development and improve the well-being of the local population.”

Referring to the Indian External Affairs Ministry’s stance, Lijian stated that China’s position on the issue of Kashmir was consistent.

The spokesperson said the project was mutually beneficial and win-win for the two all-weather friends and strategic cooperative partners.

The Water and Power Development Authority (Wapda) awarded the contract of the construction of the Diamer-Bhasha dam on Wednesday to a joint venture between Power China and Frontier Works Organisation (FWO)

Diamer-Basha dam Chief Executive Officer Amir Bashir Chaudhry and authorised representative Yang Jiandu signed the agreement on behalf of WAPDA and the joint venture, respectively.

The WAPDA official said that the Diamer-Bhasha project’s value was estimated at around Rs1,406.5bn and will complete in 2028.

The dam will be able to provide the national grid 18 billion units of electricity annually.

Hussain said that earlier a consultancy service contract had also been awarded to the Diamer Basha Consultants Group (DBCG) worth Rs27.18 bn.

The consultancy agreement includes construction design, construction supervision and contract administration of the Diamer-Basha dam project.

The Joint Venture DBCG comprises of 12 top-ranked national and foreign consulting firms namely NESPAK (Pakistan), Associate Consulting Engineers(Pakistan), Mott MacDonald Pakistan (Pakistan), Poyry (Switzerland), Montgomery Watson and Harza(MWH) International – Stantec (USA), Dolsar Engineering (Turkey), Mott McDonald International (England), China Water Resources Beifang Investigation, Design and Research Company (China), Mirza Associates Engineering Services (Pakistan), Al-Kasib Group of Engineering Services (Pakistan), Development Management Consultant (Pakistan) and MWH Pakistan (Pakistan) with NESPAK as the lead firm.

These firms have a vast experience of providing consultancy services for mega water projects the world over.

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Voice of Sindh is an initiative designed to uncover the untold stories of Sindh. It aims to preserve and promote the diverse culture, heritage, history, and traditions that make Sindh the bastion of pluralism and progress.

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