ECC approves major changes to import, export policiesHeaded by Finance Minister Asad Umar, the ECC took briefing on the status of mega dams. However, many questions on the sources of financing of three dams – Diamer-Bhasha, Mohmand and Dasu – remained unanswered. The ECC expressed concern over the delay in land acquisition for the Dasu hydroelectric power project despite availability of financing. CPEC projects: ECC agrees on speeding up work on two more SEZsWapda chairman briefed the meeting on the status of Diamer-Bhasha dam, Mohmand dam and run-of-the-river Dasu project. The groundbreaking ceremony of Diamer-Bhasha dam has been performed for nearly six times without first achieving financial close.

Source: The Express Tribune March 13, 2019 03:00 UTC