ISLAMABAD: Work is in progress on the Diamer Bhasha Dam project as 50 Volvo Dump trucks arrived at Karachi port for the project.
According to VPL Limited, a Pan-Asian Group Company, these trucks will be operated by Frontier Works Organization (FWO) for multiple hardcore construction operations on site including excavation and tunneling support, etc.
In a statement the company said that the new Volvo FMX is their most robust construction truck to date and can tackle any tough terrain or construction job.
Bhasha Dam is in the preliminary stage of construction. Upon its completion by 2029, the dam would produce 4,800 megawatts of electricity through hydro-power generation and will store an extra 10.5 cubic kilometers (8,500,000-acre ft) of water for Pakistan that would be used for irrigation and drinking.
Moreover, the dam will extend the life of Tarbela Dam located downstream by 35 years; and it will control flood damage by the River Indus downstream during high floods.
In May 2020, the Pakistani government signed an Rs.442-billion contract with a joint venture of Power China FWO for the construction of the dam. Recently the government also approved Rs900 billion for the power plants of the dam. . –Agencies
Rs. 6.505b allocated
for PBM
Staff Report
ISLAMABAD: An amount of Rs 6.505 billion has been allocated to Pakistan Bait-ul-Mal (PBM) during the Fiscal Year 2022 to provide assistance to the destitute and needy persons through executing various pro-poor schemes, according to the Economic Survey 2021-22.
The Survey unveiled by the Federal Minister for Finance, Miftah Ismail, Federal Minister for Planning, Development and Reforms, Ahsan Iqbal and Federal Minister for Power, Engineer Khurram Dastgir during a press conference on Thursday.
An amount of Rs 1.5 billion has been disbursed to support poor, widows, destitute and orphans for medical treatment, education and general assistance from July-March Fiscal year 2022 under the Individual Financial Assistance (IFA) initiative.
The PBM has utilized an amount of Rs 524.080 million under its initiative of Schools for Rehabilitation of Child Labour for the period July-March while an amount of Rs 335.797 million has been utilized under the initiative of Women Empowerment Centers (WEC) aimed at providing skills based trainings to the women during July to March.
An amount of Rs 441.649 million has been spent through the Dar-ul-Ehsaas (orphanages) initiative up to month of March to provide free food, nutrition, medical treatment, boarding and lodging, as well as, free education through well reputed educational institutes.
The PBM has utilized an amount of Rs 7.100 million under the initiative of Ehsaas Kada (for shelter less senior citizen) for the period from July-March. The initiative aimed at providing free of cost boarding/lodging, messing and medical care of excellent standard to the senior citizens.
An amount of Rs 183.015 million has been utilized under Ehsaas Panahgahs initiative up to March, since inception while an amount of Rs 161.088 million has been utilized under Ehsaas Koi Bhooka Na Soye (EKBNS) initiative till March.
PBM has disbursed an amount of Rs 22.174 million under the initiative of Isntitutional Rehabilitation for NGOs till March.
