Businessmen Raise Funds For New Dams Construction
Umer Jamshaid Published August 19, 2018 | 06:33 PM
LAHORE, (UrduPoint / Pakistan Point News - 19th Aug, 2018 ) :As the fund dedicated for the construction of Diamer-Basha and Mohmand dams received slow response, Pakistan Industrial and Traders Associations Front (PIAF) held an Independence Day music concert on Aug 18 to raise funds for the projects.
PIAF Chairman Irfan Iqbal Sheikh, quoting the State Bank of Pakistan (SBP), said here Sunday that the total collection for the dams from within Pakistan had been Rs 854.8 million so far. The details show that the fund received Rs 22 million on Aug 13, Rs 87.4 million on Aug 9, Rs 63.4 million on Aug 8, and Rs 44.9 million on Aug 6.
He said that Jashn-e-Azadi concert was held at National Hockey Stadium Lahore and attended by a large number of business community with their families by purchasing tickets. He said the earnings and contributions at the concert would be fully donated to Diamer-Basha and Mohmand Dams Fund.
Irfan Iqbal Sheikh said that the project would contribute to alleviation of acute water shortage in the Indus Basin Irrigation System caused by progressive siltation of existing reserves.
A large number of renowned personalities who attended the event were Mian Anjum Nisar, Irfan Iqbal, Sheikh Sohail Nisar, Tariq Nazir chief secretary Akbar Durrani, Imran Tarar, DG LDA Amna Imran Shakil Anjum, Khawaja Javed Aslam, Qaiser Sultan and many TV/ film actors and artists and thousand of others.
He hailed the decision of the Supreme Court for initiating the move, also asking the government to also start work on Kalabagh Dam without any further delay.He observed that KBD was the most comprehensively studied project by world's top experts, reviewed by noted international panels of professionals and thoroughly appraised by the World Bank. The project located in the middle of load center, easy to approach and no long distance transmission lines were required for it, he mentioned. It was ready for construction since mid eighties and international financing from World Bank or Asian Bank can still be easily arranged, he maintained.
Related Topics
Recent Stories
IMF approves $1.1b final tranche for Pakistan
Naseem Shah among others who registers for LPL 2024
NAB withdraws LNG reference against Shahid Khaqan Abbasi
Mohsin Naqvi to visit Karachi today
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 30 April 2024
Today Gold Rate in Pakistan 30 April 2024
Wembanyama in France: NBA Spurs to play Pacers in Paris in January
Russian missile kills two in Ukraine's Odesa: governor
Dutch Embassy celebrates King Willem-Alexander's birthday
Need of concrete steps stressed for safe, nutritious milk availability
Scotland's leader Yousaf quits after a year
Services of GDA Pakistan China Friendship Hospital launched
More Stories From Pakistan
-
Railways directs to accelerate efforts for retrieving occupied land
52 seconds ago -
Gender equality crucial to economic growth & sustainable development
56 seconds ago -
ANF recovers 76 kg drugs in 11 operations; arrests 15 accused
1 minute ago -
Gastro PGS team of HMC Peshawar wins All Pakistan GI quiz competition
11 minutes ago -
Lahore gears up to host thrilling first-ever Jeep rally event from May 4
20 minutes ago -
Court hands over capital punishment to husband, imposes fine Rs five lac for killing wife
21 minutes ago
-
Modi’s aggressive policies pose threat to South Asian peace & security; experts
21 minutes ago -
IMF approves $1.1b final tranche for Pakistan
21 minutes ago -
2 dacoits arrested,third escapes
21 minutes ago -
CDA all set to start complimentary Yoga classes from May 02
31 minutes ago -
PHC suspends ECP’s summon notice issued to KP CM in assets’ case
41 minutes ago -
21 arrested for non-compliance of official prices of roti, naan
41 minutes ago