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Asian Development Bank (ADB)

ADB gives $73 million to rehabilitate canal, barrage

May 01, 2013 The Asian Development Bank (ADB) and the Government of Pakistan Tuesday signed an agreement to invest $73 million in rehabilitating Pakpattan Canal and Suleimanki Barrage in Punjab. "The rehabilitation of Pakpattan and its linked cannels, and installation of new gates at Suleimanki barrage will reduce water losses and will improve water delivery systems benefiting about 2.6 million people in four farming districts," said Werner Liepach, ADB's Country Director for Pakistan.…

US evinces interest in Diamer Basha Dam project

October 24, 2012: A three-member team of the US Embassy, lead by Counsellor for Economic Assistance and Development Richard Albright, called on Federal Minister for Water and Power Chaudhry Ahmed Mukhtar here on Tuesday and discussed various matters of co-operation in power sector, management/improvements in the distribution companies (Discos) and financing for the Diamer Basha Dam (DBD). The minister, while welcoming the delegation, appreciated the US co-operation and assistance being…

Diamer-Bhasha dam: Pakistan must get NOC from India, insist multilaterals

MUSHTAQ GHUMMAN October 21, 2012: Pakistani officialdom has failed to grasp the fact that multilaterals such as the Asian Development Bank (ADB) and World Bank will not support the construction of the 4,500-megawatt Diamer-Bhasha dam in what is considered a disputed territory unless both countries party to the dispute approved the project, sources told this correspondent on Saturday. It is for this reason that both multilaterals are insisting that Pakistan gets a No Objection…

Diamer-Bhasha Dam project: ADB urged to act as lead financier

October 19, 2012: Pakistan has requested the Asian Development Bank (ADB) to act as lead financier for $4.792 billion loan for the construction of Diamer-Bhasha Dam project designed to generate 4500 MW electricity and live water storage capacity of 6.4 million acre feet (MAF), it was learnt. Sources told Business Recorder that the ADB was requested to act as lead financier of Diamer-Basha Dam project here on Thursday by the economic team led by Finance Minister Dr Abdul Hafeez Sheikh and…

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