Pakistan asks India to stop opposing Diamer dam

Discussion in 'Pakistan' started by Sunder singh, Sep 25, 2012.

  1. Sunder singh

    Sunder singh Regular Member

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    ISLAMABAD - Pakistan has
    asked India to stop opposing the
    construction of Diamer-Bhasha
    Dam at various international
    financial institutions (IFIs), as
    New Delhi’s opposition to the
    vital dam was casting a
    negative impact on the ongoing
    Indo-Pak peace process, besides
    causing huge loss to the
    country’s exchequer.
    India is against the construction
    of Diamer-Bhasha dam on
    grounds that it is located in the
    ‘disputed territory’ of Gilgit-
    Baltistan and hence it has been
    opposing Islamabad’s endeavors
    to seek the required financial
    assistance for the important
    project from multilateral
    creditors.
    “Through diplomatic channels,
    Pakistan is trying to impress
    upon India to drop its
    opposition to the mega water
    project as it is vital for the
    struggling economy of the
    country and also that New
    Delhi’s decision to oppose the
    dam is also not based on
    principles, as the people of this
    areas had themselves decided
    their accession to Islamabad,”
    said a diplomatic source,
    seeking anonymity.
    He said India had also been told
    that its opposition to the dam
    was impacting the ongoing
    peace process between the
    nuclear neighbors and hence it
    was required to review its
    decision.
    Owing to the reluctance of IFIs
    like Asian Development and
    World Bank to extend funds for
    the Diamer-Basha Dam, a huge
    loss of $2.5b in the cost of the
    construction has already been
    caused to Pakistan’s exchequer.
    The cost of Diamer-Bhasha Dam
    was estimated at around $11
    billion in 2009, which however,
    has now reached at around $13
    billion with an increase of
    $2.5billion due to the delay in
    the financing of the project.
    A Pakistani official, who also
    sought anonymity, said the dam
    had a storage capacity of about
    eight million acre feet (MAF)
    and the expected electricity
    generation was 4,500MWs.
    He said the project was
    supposed to be completed by
    2017 but due to some financial
    problems, the dam construction
    was expected to be delayed by
    three to four years.
    The ADB has reportedly
    committed $4.5 billion to $5
    billion for construction of the
    project. The bank had also
    pledged that it would act as the
    government’s investment
    banker in raising the money
    from international capital
    markets to meet funding
    requirements.
    Similarly, the World Bank too
    is reluctant to provide funds for
    this dam on grounds that India
    is opposing the project.
    The official said the good thing
    so far was that United States
    had assured Pakistan to extend
    around $500 million in
    assistance for the mega project
    from the $7.5 billion Kerry
    Lugar assistance package for
    Islamabad.
    Pakistan is also seeking Chinese
    assistance for the construction
    of dam. The official said
    Pakistan would not seek an NOC
    from India for Diamer-Bhasha
    Dam but it would continue to
    nudge New Delhi against the
    blocking of financial assistance
    to the project at the IFIs.



    http://www.pakistantoday.com.pk/2012/09/24/news/national/pakistan-asks-india-to-stop-opposing-diamer-dam/
     
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  3. Sunder singh

    Sunder singh Regular Member

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    tit for tat game started
     
  4. Blackwater

    Blackwater Veteran Member Veteran Member

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    tom pakistan will say stop watching paki mujra, me to mara jauga:taunt1::taunt1:


    Anyhow, india should and as usual ignore dog barking:pound::pound::p
     
  5. Indian_Baba

    Indian_Baba Regular Member

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    Land Locked pakistan
    India should ask

    1. returning of POK
    2. returning of areas gifted to china
    3. Handing over all terrorists living in pakistan
    4. Stop all terrorist activities from pakistani soil.
    5. Take action against 26/11 culprits.
    6. Control rouge ISI
    7. Stop working with china against indian intrests.
    8. forget about siachin and sir creek
    9. not to create artificail issues over dams in J&K
     
  6. Blackwater

    Blackwater Veteran Member Veteran Member

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    Not to forget, Return western punjab ,part of Sikh kingdom:p:thumb::thumb:
     
  7. Sunder singh

    Sunder singh Regular Member

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    till hindu khus mountain ranges previously under sikh and Dogra empires
     
    LETHALFORCE likes this.
  8. blank_quest

    blank_quest Senior Member Senior Member

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    What India should do is:
    Resume mining of Kashmir Corundum mines in Large scale near border. They have been closed since 1920's and 1930's ( Sapphire resource has been said to be exhausted in Kashmir) . Kashmir Sapphires are the one of the best sapphires of the world... --as corundum occurs near hotbeds of rivers here, water flow can be exploited for further exploration works! :troll:
     

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