Mohmand Dam Project Receives USD 180 Million Funding
Monday, the Islamic Development Bank (IsDB) in Jeddah and the Ministry of Economic Affairs signed 180 million dollar funding agreements for the Mohmand Dam Hydropower Project, according to press sources from Islamabad.
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Mohammad Jamal Al-Satti, Special Advisor to the President of IsDB, and Mian Asad Hayaud Din, Secretary of Economic Affairs, signed the agreement. IsDB President Dr. Muhammad Al Jasser was also present for the contract signing. During their conversation, Dr. Muhammad Al Jasser and Minister of Economic Affairs Omar Ayub Khan explored further topics of mutual interest.
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In addition, three framework agreements worth 310 billion PKR were signed to finance the Mohmand Dam. The IsDB chief added that the signing of the deal for the Mohmand Dam project marked the beginning of a powerful partnership between his organization and Pakistan.
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