Saudi Fund for Development in talks with Pakistan to collaborate on uplift projects

Saudi Fund for Development in talks with Pakistan to collaborate on uplift projects

ISLAMABAD: The Saudi Fund for Development is in talks with Pakistan to collaborate on several projects across various sectors such as energy, health, education and infrastructure, a top Pakistan official said on Sunday.

The secretary of Pakistan’s Economic Affairs Division, Kazim Niaz, and SFD Chief Executive Officer Sultan bin Abdul Rehman Al-Marshad signed two loan agreements worth $107 million last week to finance hydropower projects in Azad Kashmir, supporting Pakistan’s efforts toward energy sustainability and economic growth. Saudi Fund for Development in talks with Pakistan to collaborate on uplift projects