In Pakistan, an agreement has been concluded between the government and the- Saudi Arabian Development Fund which will provide about 190 million dollars (U.
In Pakistan, an agreement has been concluded between the government and the- Saudi Arabian Development Fund which will provide about 190 million dollars (U.S.) to finance five development projects in the country. Among these is the Tarbela Dam project which will be the last link in a chain of gigantic Indus Basin projects. The signing of the agreement is the latest example of the close friendship and cooperation ties that exist between the Islamic countries.
SYNOPSIS: The final terms of the agreement were drawn up in Islamabad on Wednesday (30 May) and later the official signing took place. Representing the Saudi Fund for Development was the Deputy Managing Director, Dr Khalid Al-Masaud, seated on the left. He signed the agreement with Mr Aftab Ahmad Khan, Secretary of Pakistan's Ministry of Finance and Economic Affairs.
The signing took place under the watchful gaze of a portrait of Pakistan's founder and first Government-General Muhammed Ali Jinnah. After the exchange of documents, the two men visited the Tarbela Dam project.
Situated 80 miles (128 kilometres) north of Islamabad, the Tarbela Dam is one of the world's largest. Built across the mighty Indus river, it is an impressive piece of engineering. The dam's embankment is 9,000 feet long and rises 485 feet above the river bed. Leading off it, are five tunnels each half a mile long which are intended for additional water during the monsoon season.
Because of its complex structure, the dam has suffered several set-backs during construction, particularly the tunnel sections. Much of the Saudi loan has been allocated to overcoming these. When completed, the reservoir will be 48 miles (77 kilometres long and water channelled from it will be harnessed to generators with a capacity of 21,000 megawatts of electricity. This will provide a massive boost to the country's energy's reserves.