Wapda releases Rs972.5 million for development schemes in Diamer-Bhasha Dam area

Profit by Pakistan Today reported that the Water and Power Development Authority (Wapda) has disbursed Rs972.5 million for local schemes in the Diamer-Bhasha Dam project area. The payment, framed as a confidence-building step, was handed to the district administration during a function at the Commissioner's office in Diamer-Astore Division. The details were shared in a statement issued on Wednesday.

The funds will go toward schemes meant to lift living standards for local residents and support socio-economic growth in the project area. These works form part of a larger package under the Diamer-Bhasha Dam project, with development schemes valued at Rs78.5 billion.

The statement does not name any PSX-listed company, so the report is best read as a development update rather than a market event. It describes funding for local schemes, not a change in any listed firm's operations.