ISLAMABAD: Lenders from the Middle East have stopped a planned loan of $433 million to fund the strategically important 969-megawatt Neelum-Jhelum hydropower project following the surge in cost estimate to $4.21 billion.
During the previous government of Pakistan Peoples Party (PPP), the project cost had jumped to $2.74 billion from $1.8 billion and during the rule of the present government, the cost estimate has gone up to $4.21 billion. Read more
Courtesy: The Express Tribune