KARACHI - The federal government has decided to obtain loans from the Friends of Pakistan (FoP) for Bhasha Dam and other mega development projects. The federal government officials are firming up a final list of projects, including Bhasha Dam that would be presented before the next meeting of the Friends of Pakistan for obtaining loans, official sources told The Nation. The next meeting of the Friends of Pakistan forum is expected to take place next month as the government officials are busy in doing their homework for their upcoming meetings with the International Monetary Fund on the economic performance of the country under the Stand-by Facility worth 7.6 billion dollars approved in November last year. The IMF-Pakistan government officials meetings would take place in Dubai from February 14-24. After this meeting the federal government officials would gear up their efforts to take up mega development projects with the Friends of Pakistan forum, said sources. Prime Minister's Adviser on Finance Shaukat Tarin has directed the Planning Commission and federal ministries to short-list the projects that would be taken up with the FoP, said sources. Earlier, the Planning Commission and the federal ministries had firmed up a long list of projects that included several unimportant projects. But Adviser to Prime Minister has asked the concerned officials to short-list only those projects where the donors would make investment easily, sources added. The officials, however, did not indicate the amount of loans that could be demanded from the Friends of Pakistan and said that it would depend on the projects and the convenience of the donor countries. According to source, Bhasha Dam project envisages 12.40 billion dollars worth total expenditures. The project will take seven years to complete from the day its construction is started. It was also learnt that nearly a dozen multinational consortiums and big companies have submitted their expressions of interest with the Water and Development Authority to participate in the construction of Bhasha Dam. The bidders are Sinohydro-FWO; China National Machinery & Equipment; China Liaoning-KRC Basha Dam Consortium; NAC Consortium; Usmani Associates Islamabad; ATB Riva Calzoni SpA Italia; Turk-Pak Joint Venture; Matracon Pakistan JV; Sino-Pak Joint Venture; IMPSA Malaysia; and Blackwood Group SA/IECSA. The Matracon Pakistan JV has filed EOI in collaboration with China Beixin Construction & Engineering Group Company Ltd; and ii) Matracon Pakistan Ltd. The consortium of Sinohydro-FWO comprises i) Sinohydro Corporation Ltd; ii) Frontier Works Organisation and iv) National Logistic Cell. The Turk-Pak Joint Venture consisted of i) Ozaltin; NTF; Ozkar; iv) KZM Zaheer Khan & Muhammad Ayub); and v) Turkcorn Ltd. Similarly, the Sino-Pak Joint Venture comprises i) China Gezhouba Group Company Ltd and Habib Rafiq. The China Liaoning-KRC Basha Dam Consortium consortium comprises i) China Liaoning; ii) Khalid Rauf & Co Private Ltd while the NAC Consortium consisted of i) NC Far East Sind Bhd; ii) Binauri and Holding Bhd. China National Machinery & Equipment; Usmani Associates Islamabad and Blackwood Group have participated in the bidding as individual groups.