Pakistan's major hydropower projects, including Diamer Basha and Dasu, face cost escalations of up to 285%. This surge is driven by persistent inflation, sharp rupee depreciation from Rs 105 to Rs 290 per USD, and rising material prices. Diamer Basha Dam's cost increased by 134% and Dasu's by 260% due to foreign exchange losses and price hikes. Such significant cost overruns, fueled by inflation and a weakening rupee, suggest ongoing economic pressures, potentially leading investors to seek refuge in gold and silver, thus supporting higher local prices.
بحوالہ / Source: www.brecorder.com