Saudi Arabia approves $40m for King Salman Hospital in K-P

Pakistan Feb, 5 2025
Saudi Arabia approves $40m for King Salman Hospital in K-P
  • 69
  • 0

ISLAMABAD: Prime Minister Shehbaz Sharif announced that the Saudi Fund for Development (SFD) has approved a $40 million grant to build the King Salman Hospital in Pakistan’s northwestern Khyber Pakhtunkhwa province.

The project is part of a broader series of collaborative efforts between Pakistan and Saudi Arabia aimed at bolstering infrastructure and health services in the country. PM Shehbaz highlighted that the King Salman Hospital is among several projects supported by the SFD, which has funded over 40 projects in Pakistan since its inception in 1975. These initiatives, totaling approximately $1.4 billion, have focused on sectors such as energy, water, transportation, and infrastructure. “Other SFD projects, like the King Salman Hospital with a $40 million investment, will be fully funded and built in Hazara,” Sharif said during a federal cabinet meeting, expressing gratitude to the Saudi authorities for their ongoing support.

In addition to the hospital project, Sharif announced that Pakistan had also finalised a loan agreement with SFD for the Gravity Flow Water Supply Scheme in the Mansehra district of Khyber-Pakhtunkhwa. This project, which will provide $41 million, aims to improve access to clean drinking water for at least 150,000 people in the region. As Saudi Arabia pushes forward with its Vision 2030 economic modernisation plan, there is an increasing demand for skilled labor. These developments mark a significant step in the continued partnership between Pakistan and Saudi Arabia, reflecting their commitment to enhancing bilateral ties and supporting Pakistan’s economic stability.

Our Correspondent
Our Correspondent https://www.dailynationalcourier.com/author/our-correspondent
Daily National Courier is a leading morning English newspaper of twelve pages covering all international and national political developments on 24/7 basis.

NC Big Stories

Death of Pakistanis in boat tragedies

In recent yeas, varoius groups of human smugglers emerged who started sending innocent people abroad through illegal and inhumane methods, this process is still going on.  In recent years, hundreds of Pakistanis who traveled through illegal rou...

Azerbaijan-Pakistan chamber of commerce inaugurated to boost bilateral trade

ISLAMABAD: Pakistan achieved a significant milestone in fostering bilateral trade relations with Azerbaijan as the Azerbaijan-Pakistan Chamber of Commerce and Industry was officially inaugurated in Islamabad. The ceremony was graced by Federal Minist...

IMF applauds Pakistan's economic efforts ahead of review: Aurangzeb

ISLAMABAD: Finance Minister Muhammad Aurangzeb shared on Wednesday that the government has received "very positive" feedback from the International Monetary Fund (IMF) regarding Pakistan's macroeconomic stability and its reform efforts. Speaking at...

PM Shehbaz, IMF's Georgieva hold talks on ongoing program

DUBAI: In a significant development on the sidelines of the World Government Summit (WGS) 2025, Prime Minister Shehbaz Sharif engaged in a crucial meeting with Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF). The talk...

More like this
Related

Shahnawaz Kumbhar murder: FIA arrests MLO over hiding evidence

KARACHI: The Federal Investigation Agency (FIA) has arrested the medico-legal officer over hiding evidence in extra-judicial killing of Dr Shahnawaz Kumbhar last year. The FIA Mirpur Khas arrested MLO Dr. Muntazir Mehdi over allegedly hiding the evi...

Punjab Assembly MPAs meet Nawaz Sharif, CM Maryam Nawaz

LAHORE: PML-N President Nawaz Sharif has said that an individual who came into power with dishonesty, jolted foundations of the country. He was talking to the members of Punjab Assembly on Wednesday, who called on him and CM Punjab Maryam Nawaz. &ld...

PM Shehbaz orders provision of essentials at affordable prices in Ramadan

ISLAMABAD: Prime Minister Shehbaz Sharif on Wednesday directed concerned officials to ensure provision of essential commodities to the people at affordable during the holy month of Ramadan. Presiding over the federal cabinet meeting, the prime minist...

‘Undeniable rigging’: PTI dispatches ‘dossier and letter’ to IMF, CJP Afridi

ISLAMABAD: The Pakistan Tehreek-e-Insaf (PTI) on Wednesday forwarded a dossier and letter to the International Monetary Fund (IMF), detailing “undeniable evidence of widespread electoral rigging in the general elections of 2024”. “...
Need Help? Chat with us