The eight million acre feet (MAF) reservoir with 272-metre height will be the tallest roller compact concrete (RCC) dam in the world.

[2] Upon completion, Diamer-Bhasha dam would (i) produce 4800 megawatts of electricity through hydro-power generation; (ii) store an extra 10.5 cubic kilometres (8,500,000 acre⋅ft) of water for Pakistan that would be used for irrigation and drinking; (iii) extend the life of Tarbela Dam located downstream by 35 years; and (iv) control flood damage by the River Indus downstream during high floods.

On 13 May 2020, the Pakistani government signed a Rs.442 billion contract with a joint venture of China Power and Frontier Works Organisation (FWO) for the construction of the dam.

The eight million acre feet (MAF) reservoir with 272-metre height will be the tallest roller compact concrete (RCC) dam in the world.

[4] In January 2006, the Government of Pakistan under President Pervez Musharraf announced the decision to construct 5 multi-purpose storage dams in the country during next 10–12 years.

[19] On 7 November 2013- the Chairman of Water and Power Development Authority Syed Raghib Abbas Shah claimed that his department has received 17,000 acres of land at the cost of PKR 5.5 billion from Government of Gilgit-Baltistan and the Ismaili Community for the construction of the project.

[23] On 14 November 2017- Pakistan dropped its bid [24] to have the dam financed under the China-Pakistan Economic Corridor framework as China placed strict conditions including on the ownership of the project.

On 9 September 2018- a Water and Power Development Authority official revealed that at least 12 billion dollars are required to build Diamer-Bhasha Dam.

[28] On 13 May 2020, the Pakistani government signed a Rs.442 billion contract with a joint venture of China Power and Frontier Works Organisation (FWO) for the construction of the dam.

[31][32] The fund, which was later joined by the then Prime Minister Imran Khan, was intended to collect donations for the construction of the Diamer Bhasha and Mohmand dams.

[31] However, the Public Accounts Committee (PAC) of Parliament summoned Nisar to provide explanations regarding the fund, which had received Rs 10 billion till March 2019.