LAHORE : The Lahore Chamber of Commerce & Industry Wednesday suggested the Ministry of Finance to launch shares of Diamir Bhasha and Kalabagh dams in the domestic and international stock markets to generate huge funds for this mega project.

In a statement issued here, LCCI President Abdul Basit and Vice President Muhammad Nasir Hameed Khan said that country needs over $30 billion for the construction of Diamir Bhasha and Kalabagh dams dam and to make them operational for power generation. International donor agencies and financial institutions are giving different excuses and are reluctant to fund therefore government would have to generate funds from its own resources. Elaborating the point, the LCCI office-bearers said that around $ 14 billions would be required for only construction of Diamir Bhasha dam.

They said that through launching of shares of Diamir Bhasha and Kalabagh dams in the domestic international stock markets, government could earn billions of dollars as these are one of the most attractive projects for the investors. They said that Diamir Bhasha dam would give benefits of billions of dollars to the national economy and investors are always interested in the profitable projects.

 

They said that Ministry of Finance must consider the idea of launching shares for Diamir Bhasha Dam that could gain the attraction of the international investors above the expectations.