Abb Takk News

Dam Fund Collection Goes Past Rs 7.8 Billion

Islamabad (November 19, 2018): The fundraising campaign for Supreme Court of Pakistan and Prime Minister of Pakistan Diamer-Bhasha and Mohmand Dams Fund is in progress at a rapid pace.

As per the Supreme Court of Pakistan, over 7.839 billion rupees have been collected through donations by various individuals and organizations and expatriate Pakistanis so far.

The citizens can deposit their donations for the dam fund in the State Bank of Pakistan’s account number, which is 03-593-299999-001-4.

Earlier on Wednesday (November 15), the government changed the scope of Diamer Bhasha dam project, just six months after its approval by the highest forum, and made a mini dam part of the scheme, which would push its overall cost to Rs480 billion.

The Executive Committee of the National Economic Council (ECNEC), the highest project approving authority, included the Tangir hydropower project in the Diamer Bhasha dam and approved the revised cost of the project at Rs479.7 billion, according to the finance ministry. The change in the scope of one of the priority projects, after only six months, highlights the lack of planning, which often causes cost overruns.
It was the first Ecnec meeting under this government, which approved seven schemes costing Rs659 billion. The net increase in cost was Rs185 billion.

The Diamer-Bhasha dam project had already been approved at Rs474-billion cost in April this year.

Related News:

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Construction of Dams Would Be Top Priority of Govt: President