China on Friday defended its state-run company taking up the contract to build the Diamer-Bhasha dam in Gilgit-Baltistan in Pakistan-occupied Kashmir (PoK) despite objection from India, saying that it is part of a “win-win” bilateral cooperation to promote the wellbeing of the local population.

On Wednesday, Pakistan government signed a whopping Rs 442 billion (USD 5.8 billion) contract for a joint venture between Chinese state-run firm China Power and Frontier Works Organisation (FWO), a commercial arm of Pakistan’s powerful military for the construction of the dam. Read More…