Ishaq Dar reviews financing for Neelum-Jhelum project

16 May, 2015 4:06 pm

ISLAMABAD (92 News) – Finance Minister Ishaq Dar also chaired a high-level meeting to review financing arrangements for the Neelum-Jhelum Hydropower Project.

Minister for Water and Power Khawaja Mohammad Asif also attended the meeting.

The minister was informed that US$575 million worth of foreign funding and local financing of 100 billion was required to complete future works.

The meeting decided that WAPDA may arrange financing of RS 41 billion out of the total Rs 100 billion financing to be generated locally and negotiations with Islamic Banks may be carried out to seek financing of remaining Rs 59 billion.

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