Times of Islamabad

Diamer Bhasha Dam fund: New initiative floated to raise funds

Diamer Bhasha Dam fund: New initiative floated to raise funds

*MULTAN* – The business community of southern Punjab has proposed thegovernment to list the Diamer-Bhasha dam in domestic and internationalstock markets to generate funds, it was reported on Wednesday.

In a statement, Multan Chamber of Commerce and Industry (MCCI) PresidentMalik Asrar Ahmed Awan suggested that investors should be made shareholdersin the construction of the dam and government should provide a guarantee toattract investment.

He said that by introducing shares of Diamer-Bhasha dam in the saidmarkets, the government could earn billions of dollars as this is one ofthe most attractive projects for investors.

He said that so far only Rs3 billion have been donated for the dam fund andits construction requires around Rs1,500 billion, urging the businesscommunity to contribute generously for the noble cause.