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World Bank refuses to fund Diamar-Basha Dam because of disputed status of Balawaristan
Editorial in the Nation on the report that the World bank has declined to finance the Diamer Bhasha Dam owing to Indian objections
India conspires again[/quote]
Controversy over Bhasha dam
Leading Pakistan newspaper alleges that following Indian objections over it, the World Bank has refused to extend loan to Pakistan for the construction of Diamer Bhasha Dam, saying the region is a disputed territory. This was disclosed during the meeting of National Assembly Standing Committee on Inter Provincial Coordination on Friday. Pakistan claims that India has expressed objections over the construction of the dam, after which World Bank has refused to extend loan for its construction.
According to sources, the World Bank, sensing complexities in the constitutional status of Gilgit-Baltistan, has refused to release funds for the construction of Diamer Bhasha Dam. The World Bank has offered a loan of Rs 900 billion to Pakistan. Meanwhile, sources confirm that Ministry of External Affairs (MEA) has not objected to the World Bank about construction of the dam but objected to fact that large parts of Jammu and Kashmir are occupied by Pakistan. Finance Ministry which deals with World Bank has also not objected to the dam.
{Prior text Snipped} WAPDA official informed the committee that due to objections raised by India over the legal reforms introduced in Gilgit-Baltistan, the World Bank had refused to finance the project.
Editorial in the Nation on the report that the World bank has declined to finance the Diamer Bhasha Dam owing to Indian objections
India conspires again[/quote]
Controversy over Bhasha dam
Leading Pakistan newspaper alleges that following Indian objections over it, the World Bank has refused to extend loan to Pakistan for the construction of Diamer Bhasha Dam, saying the region is a disputed territory. This was disclosed during the meeting of National Assembly Standing Committee on Inter Provincial Coordination on Friday. Pakistan claims that India has expressed objections over the construction of the dam, after which World Bank has refused to extend loan for its construction.
According to sources, the World Bank, sensing complexities in the constitutional status of Gilgit-Baltistan, has refused to release funds for the construction of Diamer Bhasha Dam. The World Bank has offered a loan of Rs 900 billion to Pakistan. Meanwhile, sources confirm that Ministry of External Affairs (MEA) has not objected to the World Bank about construction of the dam but objected to fact that large parts of Jammu and Kashmir are occupied by Pakistan. Finance Ministry which deals with World Bank has also not objected to the dam.