Pakistan-China sign $1 billion accord: Dawn

ISLAMABAD: Pakistan and China have signed a $1 billion accord to construct 12 dams in Pakistan in all the four provinces.

A Chinese import/export bank would furnish $700 million loans, while the remaining $300 million would be taken care of by the Planning Commission (PC).
Sources say WAPDA had prepared a feasibility report, according to which 650,000 acres of land would be brought under irrigation. An MOU has been signed in this regard between WAPDA and Axiom Bank (import/export) of China.

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