December 03, 2008

China to help Pakistan in building hydro project

Pakistan is expected to soon conclude reinsurance deals with a Chinese consortium for the strategically important Neelam Jhelum hydro electric project being built by it at a cost of USD 1.5 billion in Pakistan occupied Kashmir.

A senior executive of Pakistan based insurer Adamjee Insurance Company said that "The talks are in very advanced stages and close of the deal is expected by April end 2008 or early May 2008."