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US to support Diamer Bhasha Dam construction: Olson

Thursday, July 25, 2013

ISLAMABAD: US Ambassador Richard G Olson on Wednesday said the United States would support the construction of Diamer Bhasha Dam to help reduce energy problems being faced by Pakistan. 

Talking to Finance Minister Ishaq Dar he said the United States Agency for International Development (USAID) would finance the feasibility studies for the construction of Diamer Bhasha Dam. The US support would comfort the international financial institutions, he added.
Olson termed the recently concluded programme with the International Monetary Fund (IMF) good and said the ‘US supports the programme.’
Dilating on the details of the progress made so far with the IMF, Senator Ishaq Dar termed them positive, saying the only pending issues that needed to be resolved, were the size and tranches of the loan.
Dar welcomed the interest shown by the US Congress for its support in carrying out feasibility studies for Pakistan’s flagship storage project Diamer Bhasha Dam.
During the meeting, the issue of Bilateral Investment Treaty (BIT) between the two countries also came under discussion and the Finance Minister said he intended to obtain input from all the stakeholders.
The forthcoming visit of Secretary of State John Kerry also came up for discussion. 
The US Ambassador informed the Finance Minister the US Secretary of State was looking forward to meet him and discuss current bilateral economic issues. 
The Finance Minister said Pakistan was looking forward to his visit and expressed hope meetings with the US Secretary of State would be productive and mutually beneficial. app
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