The Federal Minister for Economic Affairs Omar Ayub Khan has said that the financing of Islamic Development Bank (IDB) for Mohmand Dam Hydropower Project will significantly enhance Pakistan’s electricity generation and water storage capacity and create new direct and indirect employment opportunities.
Accoring to details, Pakistan and IDB have signed three framework agreements amounting to 180 million dollars for Mohmand Dam Hydropower Project in Islamabad on Monday.
The Minister for Economic Affairs Omar Ayub Khan and IDB President Muhammad Al Jasser witnessed the signing ceremony.
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In his reamrks, the IDB President Muhammad Al Jasser has said that the Islamic Development Bank takes pride in supporting Pakistan in a strategic project of national importance.
“We are looking forward to ensuring the smooth implementation of the project and hope to witness its operation in due time,” the President added.
On the occasion, the Economic Affairs Minister has recognized the Islamic Development Bank’s long standing and trusted partnership with Pakistan.
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