KSRelief provides medical equipment to help Pakistan combat COVID-19

Saudi Ambassador to Pakistan Nawaf bin Said Al-Malki is handing over medical equipment to Special Assistant to Prime Minister on Health Dr. Faisal Sultan in Islamabad, Pakistan, on September 24, 2021. (Photo courtesy: Saudi embassy, Islamabad)
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Updated 25 September 2021
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KSRelief provides medical equipment to help Pakistan combat COVID-19

  • Pakistan is the fifth largest beneficiary of the Saudi humanitarian agency and has received $132.65 million from the organization since 2005
  • Pakistani prime minister’s adviser on public health thanks the kingdom for its timely supply of medical equipment

ISLAMABAD: King Salman Humanitarian Aid and Relief Center (KSRelief) has provided medical aid and equipment, including oxygen generating plants, to Pakistan to combat the COVID-19 pandemic, the organization said on Friday.
Saudi Ambassador to Pakistan Nawaf bin Said Al-Malki handed over the medical equipment to health ministry officials in Islamabad in the presence of the director of the humanitarian agency Dr. Khalid M. Al-Othmani.
Pakistan is the fifth-largest beneficiary of aid from KSRelief and has received $132.65 million from it since 2005.




KSRelief donated this medical equipment for Pakistani hospitals in Islamabad, Pakistan, on September 24, 2021. (Photo courtesy: Saudi embassy, Islamabad)

According to the information available on the aid agency’s website, KSRelief has completed 137 projects in the fields of education, health care, water, sanitation, hygiene, emergency camps and community support in the South Asian country.
According to a statement issued by the Saudi humanitarian organization, the equipment handed over to Pakistan included 18 oxygen generating plants, each one consisting of cylinder filling unit, an air compressor, and oxygen generator, along with 360 bedside oxygen concentrators.




Saudi Ambassador to Pakistan Nawaf bin Said Al-Malki is handing over medical equipment to Special Assistant to Prime Minister on Health Dr. Faisal Sultan in Islamabad, Pakistan, on September 24, 2021. (Photo courtesy: Saudi embassy, Islamabad)

“This gift is presented by KSRelief which is always at the forefront to serve the humanity,” Al-Malki said while addressing the handover ceremony in Islamabad. “The Saudi leadership under King Salman will always stand by Pakistan in order to enrich our brotherly relations.”




Saudi ambassador to Pakistan Nawaf bin Said Al-Malki is addressing a ceremony after handing over medical equipment to Pakistani health officials in Islamabad, Pakistan, on September 24, 2021. (Photo courtesy: Saudi embassy, Islamabad)

The Saudi envoy continued that the equipment would help Pakistan combat health care challenges posed by the coronavirus pandemic.
Addressing the gathering, the prime minister’s adviser on public health, Dr. Faisal Sultan, thanked the kingdom for its timely supply of equipment.
“This is a very worthy gift since it will help us tackle the coronavirus pandemic and its ravaging effects on human body,” he said.
Sultan also praised the spirit of cooperation, trust and closeness between Pakistan and Saudi Arabia during his speech.




Saudi ambassador to Pakistan Nawaf bin Said Al-Malki (C) is attending a ceremony for handing over medical equipment to Pakistani health officials in Islamabad, Pakistan, on September 24, 2021. (Photo courtesy: Saudi embassy, Islamabad)

Director general of Pakistan’s health department Dr. Rana Muhammad Safdar said the medical support from the Saudi government would help his country save several precious lives.
“During these four waves of COVID-19, Pakistan almost reached the saturation point of its oxygen capacity,” he told Arab News.
Safdar added the oxygen plants donated by the Saudi humanitarian agency would be installed in remote districts to facilitate people who found it difficult to travel to larger urban centers for medical treatment.


Pakistan stocks rebound on easing regional tensions, gain over 1,500 points

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Pakistan stocks rebound on easing regional tensions, gain over 1,500 points

  • The development came after Iran said it was keeping communication channels with Washington open amid cost-of-living protests
  • It followed a threat by President Donald Trump last week to intervene militarily if Tehran continued cracking down on protesters

ISLAMABAD/KARACHI: The Pakistan Stock Exchange (PSX) edged higher on Tuesday as the benchmark index gained more than 1,500 points, with analysts citing easing regional tensions following signals of potential talks between Iran and the United States (US).

The benchmark KSE-100 index gained 1,567.36 points, or 0.86 percent, to close at 183,951.50 points, compared to the previous close of 182,384.14 points when the market had shed more than 2,000 points, according to PSX data.

Iran has been witnessing public unrest over worsening economic conditions. Around 2,000 people, including security personnel, have been killed in violent protests, Reuters reported, citing an Iranian official.

Tehran said on Monday that it was keeping communication channels with Washington open as US President Donald Trump imposed 25 percent tariffs on countries trading with the Islamic republic.

“Stocks showed sharp recovery at PSX after Iran and US signal talks over unrest in Iran,” Ahsan Mehanti, chief executive officer at Arif Habib Commodities, told Arab News.

“Surging global crude oil prices and speculations ahead of corporate results in the earnings season played a catalyst role in bullish close.”

Najeeb Ahmed Khan Warsi, digital and retail business officer at Al-Habib Capital Market, said the index had seen a three-day bearish streak.

“Geopolitics and global volatility driving downturn, profit-taking and economic concerns weigh in,” he added.

Meanwhile, Pakistani market research firm Topline Securities said the benchmark index ended the session on a “positive note” on Tuesday.

“Trading interest remained subdued, as total market volumes reached 1,033 million shares, while the value of shares traded stood at Rs62.9 billion,” it said in a daily market review on X.

United Bank Limited (UBL), National Bank of Pakistan (NBP), Muslim Commercial Bank Limited (MCB), Lucky Cement Limited (LUCK) and Meezan Bank Limited (MEBL) jointly contributed 936 points to the index, according to the research firm.

Fauji Fertilizer Company Limited (FFC), Sazgar Engineering Works Limited (SAZEW) and Haleon Pakistan Limited (HALEON) collectively shaved 158 points off the index.

“Bank of Punjab (BOP) led the volume rankings, emerging as the most actively traded stock with 73 million shares,” Topline Securities added.