[NEWS] World Bank rejects Gilgit-Baltistan dam loan

ISLAMABAD – The World Bank has refused to lend money to the Bhasha Dam project in Gligit-Baltistan because of Indian concerns, news media reported July 2.

The bank decided that Gilgit-Baltistan is a part of the disputed territory of Jammu and Kashmir, a Water and Power Development Authority official told the National Assembly Standing Committee on Inter-coordination, according to Express Tribune.

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