China to help Pak build hydro project

Pakistan is expected to soon conclude reinsurance deals with a Chinese consortium for the strategically important Neelam-Jhelum hydro-electric project being built by it at a cost of $1.5 billion in Pakistan-occupied Kashmir, over which India has voiced concerns.

"The talks are in very advanced stages and close of the deal is expected by April-end or early-May," a senior executive of Adamjee Insurance Company, a Pakistan-based insurer, who is tying up the deals, said.