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Apex court is custodian of dam fund: SC
June 2, 2020
Says money will be made available to Wapda whenever it requires.
ISLAMABAD: The Supreme Court has said that it is custodian of the entire fund collected for construction of water reservoirs in the country and the Water and Power Development Authority (Wapda) can make use of it whenever it wants.
A five-judge bench, headed by Chief Justice of Pakistan Gulzar Ahmed, made this observation on Monday while hearing a sou motu case regarding construction of Diamer-Bhasha and Mohmand dams.
Diamer-Bhasha and Mohmand dams fund was created by former CJ Mian Saqib Nisar, who had also started sou motu proceedings for construction of dams in order to forestall a water crisis in the country.
Resuming hearing of the case on Monday after a gap, the court ordered the State Bank of Pakistan (SBP) to present details of all the funds collected for the dams in other countries.
The SBP official told the court that if the dam fund was invested in stocks, it could generate more profits but at the same time such investment entailed risks. They said currently the fund is invested in products that are more secure and yet profitable.
They told the court that SBP had written letters to foreign embassies to gather more fund for the purpose from overseas Pakistanis. CJ Ahmed asked the SBP to talk to embassies via phone rather than writing letters.
Justice Ijazul Ahsan, a member of the bench, said if a Pakistani wants to deposit fund from a place where there is no Pakistani bank then in that case the relevant embassy must be aware of the money transferred to Pakistan.
The CJ asked Wadpa to resolve all land disputes in connection with the dams, noting that Usmankhel and Burhankhel tribes had claim over some of the area where Mohmand Dam is to be built.
Wapda official told the court that on that piece of land only 32 families are residing. They said in the first phase of dam construction, Wapda does not need that land.
During the hearing, the additional attorney general told the court that the Central Development Working Party (CDWP) has not yet green-lighted Mohmand Dam.
The CJ noted that Wapda has already awarded contract for construction on Diamer-Bhasha Dam.
Wapda’s counsel’s told the court that construction work on the dam has been started. Wapda chairman also appeared before the bench and said Diamer-Bhasha Dam will complete by July 2028.
Wapda’s counsel told the bench that work on Mohmand Dam was also under way according to the schedule. “The first unit of the dam will become operational in 2024 while its third unit will complete by July 2025. There is no problem with regard to supply of fund for the project,” he said in reply to a query.
“The on-time completion of the dams will be a great achievement. The people of Pakistan are thankful to all the people associated with construction of the dams,” CJ Gulzar said.
The bench later adjourned hearing for six months.
June 2, 2020
Says money will be made available to Wapda whenever it requires.
ISLAMABAD: The Supreme Court has said that it is custodian of the entire fund collected for construction of water reservoirs in the country and the Water and Power Development Authority (Wapda) can make use of it whenever it wants.
A five-judge bench, headed by Chief Justice of Pakistan Gulzar Ahmed, made this observation on Monday while hearing a sou motu case regarding construction of Diamer-Bhasha and Mohmand dams.
Diamer-Bhasha and Mohmand dams fund was created by former CJ Mian Saqib Nisar, who had also started sou motu proceedings for construction of dams in order to forestall a water crisis in the country.
Resuming hearing of the case on Monday after a gap, the court ordered the State Bank of Pakistan (SBP) to present details of all the funds collected for the dams in other countries.
The SBP official told the court that if the dam fund was invested in stocks, it could generate more profits but at the same time such investment entailed risks. They said currently the fund is invested in products that are more secure and yet profitable.
They told the court that SBP had written letters to foreign embassies to gather more fund for the purpose from overseas Pakistanis. CJ Ahmed asked the SBP to talk to embassies via phone rather than writing letters.
Justice Ijazul Ahsan, a member of the bench, said if a Pakistani wants to deposit fund from a place where there is no Pakistani bank then in that case the relevant embassy must be aware of the money transferred to Pakistan.
The CJ asked Wadpa to resolve all land disputes in connection with the dams, noting that Usmankhel and Burhankhel tribes had claim over some of the area where Mohmand Dam is to be built.
Wapda official told the court that on that piece of land only 32 families are residing. They said in the first phase of dam construction, Wapda does not need that land.
During the hearing, the additional attorney general told the court that the Central Development Working Party (CDWP) has not yet green-lighted Mohmand Dam.
The CJ noted that Wapda has already awarded contract for construction on Diamer-Bhasha Dam.
Wapda’s counsel’s told the court that construction work on the dam has been started. Wapda chairman also appeared before the bench and said Diamer-Bhasha Dam will complete by July 2028.
Wapda’s counsel told the bench that work on Mohmand Dam was also under way according to the schedule. “The first unit of the dam will become operational in 2024 while its third unit will complete by July 2025. There is no problem with regard to supply of fund for the project,” he said in reply to a query.
“The on-time completion of the dams will be a great achievement. The people of Pakistan are thankful to all the people associated with construction of the dams,” CJ Gulzar said.
The bench later adjourned hearing for six months.
