Pakistan rejects China dam aid: Pakistan has been forced to reject China’s aid for the $14 billion Diamer-Bhasha Dam, which the country plans to build in Pakistan-Occupied Kashmir after China put some strict conditions regarding the dam. The Chinese conditions were about taking ownership of the project, operation and maintenance cost and securitization of the Diamer-Bhasha project by pledging another operational dam.International lenders were linking serious conditions with the provision of funding, and the project cost had reached $14 billion against the original estimates of $5 billion. Pakistan has been struggling to raise money from international institutions like the World Bank in the face of Indian opposition to the project on the Indus River in PoK. Later, Pakistan decided to take the dam project off the table just days before the 7th Joint Cooperation Committee (JCC) meeting with China, which is scheduled for November 21 in Islamabad.
For more news updates Follow and Like us on Facebook