Saudi Arabia loans Pakistan additional $100m for Neelum Jhelum project

[Arabian Legend]

Under the agreement‚ Saudi Funds for Development will provide one hundred million dollars for completion of the project.

Pakistan and Saudi Arabia signed an Additional Loan Agreement of $100 Million for Neelum Jhelum Hydropower Project (NJHP).

The Kingdom has already been co-financing the Project with an amount of 81 Million dollars.
The Agreement was signed at a ceremony in Islamabad Thursday by Managing Director of the Saudi Fund for Development Yousef Ibrahim al-Bassam‚ and Secretary Economic Affairs Nargis Sethi. Saudi Ambassador to Pakistan Abdul Aziz Ibrahim Al Ghadeer attended the signing ceremony.
On this occasion‚ the Managing Director of Saudi Fund also announced a grant of 100 Million dollars for health and education in Pakistan.

Speaking on the occasion‚ the Secretary Economic Affairs highlighted the present government's development agenda and its serious endeavours to bring socio-economic development by undertaking people oriented policies.

Eng. Yousef Ibrahim al-Bassam expressed the commitment of the Kingdom for the progress and development of people of Pakistan.

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Saudi Arabia loans Pakistan additional $100m for Neelum Jhelum project

Pakistan

 

[Arabian Legend]

@mods...please move this thread to the proper section.

 

[Bobby]

congrats.....

 

[al-Hasani]

Don't know anything about this project but if it benefits both countries and people then I am all for it!

 

[Durrak]

Self-Deleted ...

 

[Arabian Legend]

Don't know anything about this project but if it benefits both countries and people then I am all for it!

It will help pakistan overcomes its power shortage.

 

[Durrak]

It will help pakistan overcomes its power shortage.

No one can help Pakistan unless it's own leader think about it ..

 

[Arabian Legend]

No one can help Pakistan unless it's own leader think about it ..

Saudi Arabia and pakistan two countries one nation.

 

[Yzd Khalifa]

congrats.....

Thanks! I wonder, will India work with Iran to do something similar to the Pakistani and the Saudis are doing?

 

[Sinnerman108]

Thanks! I wonder, will India work with Iran to do something similar to the Pakistani and the Saudis are doing?

Never.

Indians and Majoosis are same thing, two faces of the same coin.

Anyway, This is great news.

Thank you Saudi Arabia.

 

[Manindra]

Thanks! I wonder, will India work with Iran to do something similar to the Pakistani and the Saudis are doing?

We are already developing their Chahbar port for connecting central Asia & several pipelines options are on the table.

 

[Fukuoka]

loan is not give, saudis pretend to be leaders of everything and call people to fight their wars, why don't they give money?

 

[Farooq]

no such thing as free lunch!