AUGAF
  • Home
  • Politics
  • Business
  • National
  • News
  • Finance
  • Technology
  • Sports
  • International
  • CommoditiesNew
  • Contact
No Result
View All Result
  • Home
  • Politics
  • Business
  • National
  • News
  • Finance
  • Technology
  • Sports
  • International
  • CommoditiesNew
  • Contact
No Result
View All Result
AUGAF
No Result
View All Result
Home Business

PM hopeful for completion of multipurpose Diamer Basha Dam three years ahead of deadline

admin-augaf by admin-augaf
April 18, 2022
in Business, Finance
Reading Time: 3 mins read
0
PM hopeful for completion of multipurpose Diamer Basha Dam three years ahead of deadline
Share on FacebookShare on TwitterWhatsapp

Diamer April 18 2022: Prime Minister Muhammad Shehbaz Sharif on Sunday said that the completion of Diamer-Bhasha dam would serve as future lifeline for the country’s economy, augmenting the power generation, besides boosting agriculture activities.

Speaking after a briefing over the construction of Diamer-Bhasha Dam here, the prime minister said that 4500 MW project was of immense importance for the country’s economy and stressed that it should be completed ahead of its construction timeline of the year 2029.

“I insist to go ahead of its timeline of 2029 and complete it by 2026-27. It will be a miracle, if we achieve it. Nothing is impossible in this world. We can achieve it if we advance in unison,” he added.

The prime minister said that the project was initiated by former prime minister Nawaz Sharif during 2016 and funds were provided by the PML-N government for the land acquisition.

The prime minister said that it was a gigantic task and assured all out support from the federal government to complete the project as early as possible.

He also suggested for encouraging the international investors for future fundraising.

He also announced the construction of 13km Babusar top tunnel to ensure year’s round traffic flow and asked the authorities to submit a study report to his office.

The prime minister said that what happened during last four years was unfortunate.

He said early construction of the dam would be a good omen and a milestone in the country’s history.

He regretted that out of 125-130MAF water, they were only saving and utilizing 25-30MAF water annually.

The prime minister observed that it would be a big success if they saved water and mentioned that Diamer-Bhasha dam would play a vital role in water storage capacity.

It would save Tarbella dam from deposits of sediments and enhance its life span by 35 years, he added.

The dam would control flash floods, enhance agricultural productivity, besides create jobs opportunities in the area, leading to economic prosperity, he added.

The prime minister said that he would not go into the past four years, but what happened with power sector was indeed an injustice with the nation.

Despite a power generation capacity of about 6000-7000MW, the gas-fired and oil run power plants had been shut, he added.

As a Khadim-e-Pakistan, he would not lie before the nation or twist truth, but facts should come forward.

The prime minister said the area lacked health facilities. He as chief minister of Punjab had donated a scanning machine for Gilgit.

The prime minister directed the authorities concerned to submit a report within a week for the construction of fully equipped hospital in the area to provide the latest health facilities to the population of the area.

Earlier Chairman WAPDA Lt. Gen. (retd) Muzzamil Hussain briefed the prime minister over the ongoing project.

The prime minister was accompanied by members of the National Assembly Shahid Khaqan Abbasi, Khawaja Asif and PML -N spokesperson Marriyum Aurangzeb, MNA.

The chairman WAPDA apprised that three mega hydel projects Diamer-Bhasha, Mohmand and Dasu dams worth Rs2.6 trillion were being completed.

He said Diamer-Bhasha dam would have a storage capacity of 8.1 MAF with live storage of 6.4MAF and irrigate 1.23 million acres of land.It will generate 18,100 Gigawatt hours (GWh) power annually.

The project would be completed during 2029 despite different challenges, he said adding, about 16500 jobs would be created.

He said the project was of paramount importance for the country’s food security.

Later, the prime minister also took an aerial review of Karakorum Highway, 3MW Thuk power project and Chilas cadet college.

Tags: Diamer Basha Dam
admin-augaf

admin-augaf

Related Posts

Pakistan Textile Exports increased 26 percent to USD 14.26 billion YoY in 9MFY22: APTMA
Business

Pakistan’s Textile Exports Surge 32% in July, Led by Value-Added Segments

August 22, 2025
Gold
Business

Gold Fields Half-Year Profit Triples on Record Prices

August 22, 2025
Pakistan will get back $900 million payment of Reko Diq dispute if conditions not met
Business

ADB To Provide $410 Million For Reko Diq Project

August 22, 2025
Fair Global Consult Fair Global Consult Fair Global Consult
ADVERTISEMENT

Recent News

Pakistan Textile Exports increased 26 percent to USD 14.26 billion YoY in 9MFY22: APTMA

Pakistan’s Textile Exports Surge 32% in July, Led by Value-Added Segments

August 22, 2025
Gold

Gold Fields Half-Year Profit Triples on Record Prices

August 22, 2025
Pakistan will get back $900 million payment of Reko Diq dispute if conditions not met

ADB To Provide $410 Million For Reko Diq Project

August 22, 2025
Moody

Moody’s Upgrade Ratings of Five Pakistani Banks

August 20, 2025
EPQL accept PPIB proposal to operate plant on comingled fuel but at its own cost

EPQL Executed Supplemental Agreement to PPA with CPPA for Additional Gas

August 20, 2025

Popular News

  • NSS

    President Prohibit National Savings For Changing Rates on Existing Certificates Retrospectively

    0 shares
    Share 0 Tweet 0
  • Pakistan Rupee Appreciate against Dollar in Interbank as IMF Confirmed Board Review Date

    0 shares
    Share 0 Tweet 0
  • Pakistan Rupee Fall After 13 Days of Successive Gains against Dollar on Lower Remittances and Strengthening of US Dollar

    0 shares
    Share 0 Tweet 0
  • Petrol Prices in Pakistan to Return to July 2023 Levels

    0 shares
    Share 0 Tweet 0
  • Pakistan Central Bank Issued Show Cause Notice to Eight Banks Over Currency Speculation

    0 shares
    Share 0 Tweet 0

Categories

  • Budget
  • Business
  • Culture
  • Finance
  • International
  • National
  • News
  • Politics
  • PTI
  • Sports
  • Technology
AUGAF Logo

Follow us on social media:

Recent News

  • Pakistan’s Textile Exports Surge 32% in July, Led by Value-Added Segments
  • Gold Fields Half-Year Profit Triples on Record Prices
  • ADB To Provide $410 Million For Reko Diq Project

Category

  • Budget
  • Business
  • Culture
  • Finance
  • International
  • National
  • News
  • Politics
  • PTI
  • Sports
  • Technology

Recent News

Pakistan Textile Exports increased 26 percent to USD 14.26 billion YoY in 9MFY22: APTMA

Pakistan’s Textile Exports Surge 32% in July, Led by Value-Added Segments

August 22, 2025
Gold

Gold Fields Half-Year Profit Triples on Record Prices

August 22, 2025
  • Home
  • Politics
  • News
  • Business
  • National
  • Finance
  • Technology
  • International

© 2021 AUGAF.

No Result
View All Result
  • Home
  • Politics
  • Business
  • National
  • News
  • Finance
  • Technology
  • Sports
  • International
  • Commodities
  • Contact

© 2021 AUGAF.