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Over Rs 99 billion spent on Diamer Bhasha dam project so far

02:10 PM | 4 May, 2020
Over Rs 99 billion spent on Diamer Bhasha dam project so far

ISLAMABAD – A sum of Rs 99.238 billion including Rs 93.9 billion for land acquisition on multi-purpose Diamer Bhasha dam project has already been spent so far.

Sources told APP here that an amount of Rs 61 billion would be spent on the project during the current fiscal year.

Giving the breakup, they said Rs 22 billion would be spent of resettlement while remaining Rs 39 billion would be utilized for construction related activities, they added.

They said construction activities on main Diamer Bhasha dam and its allied structures would start during the current fiscal year 2019-20 while project would likely to be completed by March 2028.

The sources said that the project was divided into six major components for which separate contract would be awarded in phases.

Modalities for awarding contract of the main dam and its allied structures have also been finalized adding that contract was likely to be awarded shortly, they said.

Diamer Bhasha Dam is a multipurpose project aimed at water storage, flood mitigation and power generation. The project is being constructed across River Indus about 40-kilometer downstream of Chillas town. The 272-meter high Roller Compacted Concrete (RCC) Dam will have a gross water storage capacity of 8.1 million acre feet (MAF).

The project will generate 4500 megawatt of electricity with annual energy generation of more than 18 billion units of low-cost and environment friendly electricity. With construction of Diamer Basha Dam Project, the life of Tarbela Dam will enhance to another 35 years. It will also have a positive impact on the annual energy generation of the projects in the downstream areas.

Associated Press of Pakistan Corporation (APPC) - Pakistan's Premier News Agency

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Rupee exchange rate to US Dollar, Euro, Pound, Dirham, and Riyal - 28 Feb 2024

Pakistani currency remains momentum against US dollar in the open market on February 28, 2024 (Wednesday).

US Dollar rate in Pakistan

In the open market, the US dollar moves up and currently hovers at 282 for buying and 282.25 for selling.

Euro currently stands at 303.1 for buying and 306.1 for selling while British Pound rate stands at 351.6 for buying, and 355.1 for selling.

UAE Dirham AED hovers at 76.1 whereas the Saudi Riyal saw slight increase, with new rates at 74.25.

Today’s currency exchange rates in Pakistan - 28 Feb 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 282 282.25
Euro EUR 303.1 306.1
UK Pound Sterling GBP 351.6 355.1
U.A.E Dirham AED 76.1 76.8
Saudi Riyal SAR 74.25 75.05
Australian Dollar AUD 181.1 183.1
Bahrain Dinar BHD 742.91 750.91
Canadian Dollar CAD 207.1 209.1
China Yuan CNY 38.87 39.27
Danish Krone DKK 40.61 41
Hong Kong Dollar HKD 35.75 36.1
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.10 2.18
Kuwaiti Dinar KWD 905.46 914.46
Malaysian Ringgit MYR 58.5 59.1
New Zealand Dollar NZD 173.05 175.05
Norwegians Krone NOK 26.41 26.71
Omani Riyal OMR 725.54 733.54
Qatari Riyal QAR 76.74 77.44
Singapore Dollar SGD 207.15 209.15
Swedish Korona SEK 27.04 27.34
Swiss Franc CHF 317 319.5
Thai Bhat THB 7.76 7.91

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