Dam fund amount increased to Rs16.53b, SC informed.

ISLAMABAD -- The Supreme Court of Pakistan Thursday was informed that the amount in Dam Funds increased to Rs16.53 billion, which in next quarter will become Rs16.98 billion. A five-member special bench of the apex court headed by Chief Justice of Pakistan Justice Umar ata Bandial conducted hearing of the implementation of its directives regarding construction of Diamer-Basha and Mohmand Dams. Former chief justice Mian Saqib Nisar on July 10, 2018 had set up the Supreme Court of Pakistan's Diamer-Bhasha and Mohmand Dams Fund to raise money for the construction of Diamer-Bhasha and Mohmand Dams. when former prime minister Imran Khan announced to join efforts with the chief justice for the construction of dams then the Fund name was changed as Supreme Court and Prime Minister's Diamer-Basha and Mohmand Dams Fund. The representatives of the State Bank of Pakistan and the national Bank of Pakistan, through video-link, informed the bench that the Dam Fund's amount has been invested in the government securities. all the banks collect the funds and deposit in the Dam Fund account maintained at the SBP, told the NBP official, and added every three months the interest on the Fund is re-invested. Power Division secretary informed that the incumbent Prime Minister Shehbaz Sharif has given priority to the construction of Diamer-Basha and Mohmand Dams. Justice Ijaz noted that Shehbaz Sharif, after taking oath as the PM had visited the site of Diamer Dam. He said that the federal government had given undertaking to the Supreme Court...