LAHORE: Minister for Finance Senator Muhammad Ishaq Dar has stated that the government will simultaneously go for the construction of Dasu and Diamer Basha projects to meet electricity requirements of the country.
Together these two projects will generate up to 8800 Mega Watt hydro-electricity.
Addressing a function of Lahore Chambers of Commerce in Lahore on Saturday, he said Dasu power project will help generate 4500 megawatt of electricity. World Bank will provide seven hundred million dollars for the project. He said that the institutions which were not intended to talk with Pakistan are contacting themselves with government due to its positive policies. He said that the international finance corporation would lend $3 billion to Pakistan.
He said Diamer Basha dam project is important because it will not only help generate electricity but also store water to irrigate the land. Land acquisition has been started for this project.
The Finance Minister said the government is particularly focusing on hydel projects to generate cheap electricity.
He said difficult decisions have been taken to put the economy on the right track and achieve sustainable growth level. He said that Prime Minister Nawaz Sharif during his meeting with US President Barack Obama reiterated his government’s resolve to stand on its feet instead of seeking aid. Ishaq Dar said the development projects are decreased with the more and more subsidy given to people.
He said that we have to promote agriculture and economic sectors of the country for the progress of the country, adding that we have not explored the reserves present inside the lands of the country. He said that there are verified reports in the world that there are huge reserves present in Pakistan.
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