Saudi development agency to provide $21.5 million of medical equipment to Pakistani universities

Officials of the AJK University and King Abdullah Teaching Hospital in Mansehra are signing an agreement with a Saudi firm in Islamabad, Pakistan, on July 28, 2022. (AN Photo)
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Updated 28 July 2022
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Saudi development agency to provide $21.5 million of medical equipment to Pakistani universities

  • Saudi development agency to provide $21.5 million of medical equipment to Pakistani universities
  • Vice chancellor of the AJK University says the campus built by Saudi Arabia can accommodate over 7,000 students

ISLAMABAD: A Saudi development agency has earmarked a grant of $21.5 million to donate medical equipment and furniture to the King Abdullah Campus of the University of Azad Jammu and Kashmir and King Abdullah Teaching Hospital in Mansehra, said the kingdom’s envoy to Pakistan on Thursday.




Saudi Ambassador Nawaf bin Said Al-Malki (2nd left) is participating in the signing ceremony held in Islamabad, Pakistan, on July 28, 2022, for the provision of medical equipment to local universities. (AN Photo)

The multimillion-dollar King Abdullah Campus in Kashmir, located 22 kilometers from Muzaffarabad, was built as part of the development projects funded by the Saudi authorities after a devastating earthquake in October 2005 which flattened out much of the infrastructure in the area. The campus stretches across a vast piece of land where classes began in September 2020.
The Saudi Fund for Development (SFD) has set aside $21.5 million to carry out the two projects which can now be implemented after a tripartite agreement was signed in Islamabad between the AJK University, King Abdullah Teaching Hospital, and the kingdom’s National Scientific Company Limited.
“I am pleased to express my happiness at signing contracts to equip and furnish the most important development projects that serve the education and health sectors [in Pakistan],” Saudi Ambassador Nawaf bin Said Al-Malki said while addressing the signing ceremony in Islamabad.
“These two projects directly achieve the third and fourth objectives of the sustainable development goals related to achieving good health and quality education,” he added.




Officials of the Azad Jammu and Kashmir government are presenting a shield to Saudi Ambassador Nawaf bin Said Al-Malki (2nd left) in Islamabad, Pakistan, on July 28, 2022. (AN Photo)

The ambassador said the SFD had also provided three grants to Pakistan with a total amount of more than $333 million to help implement 23 other projects.
He added that 13 of these projects had been completed while 10 were still being implemented.
“Quality projects were completed in the fields of education, health and infrastructure through these grants,” Al-Malki said.




Saudi Ambassador Nawaf bin Said Al-Malki is addressing a ceremony in Islamabad, Pakistan, on July 28, 2022. (AN Photo)

Speaking to Arab News, an SFD official said his organization was excited about signing the contract to further strengthen the development projects.
“The SFD is delighted to sign this contract to complete these two projects for the welfare of the students and people,” Eng. Abdulelah Dh. Alluhaidan said.
Vice Chancellor of AJK university Dr. Muhammad Kaleem Abbasi maintained the project would help the education institute develop its labs along modern lines.
“Modern lab equipment are essential functioning components of any academic or research organization,” he said. “Therefore, we have submitted this project for the provision of equipment and furniture for the King Abdullah Campus.”
“The new campus can accommodate more than 7,000 students of 14 academic departments and institutes,” he continued. “Additionally, it has six student hostels, an administrative block and auditorium along with a mosque, hi-tech labs and a shopping mall.”
Dr. Maqsood Ali Khan, regional director general health of Khyber Pakhtunkhwa province, said the project would improve research and education quality at the King Abdullah Teaching Hospital in Mansehra.
“As a result of this contract, there will be installation of a new medical laboratory and upgradation of equipment at the training hospital,” he told Arab News while describing the project as great humanitarian assistance provided to the people of his province by the Saudi authorities.


Rating firm S&P says it won’t rush Iran war downgrades, sees risks for countries like Pakistan

Updated 12 March 2026
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Rating firm S&P says it won’t rush Iran war downgrades, sees risks for countries like Pakistan

  • Agency says it is monitoring indebted energy importers as higher oil prices strain finances
  • Gulf economies seen better placed to weather shock, though Bahrain flagged as vulnerable

LONDON: S&P Global ‌said it would not make any knee-jerk sovereign rating cuts following the outbreak of war in the ​Middle East, but warned on Thursday that soaring oil and gas prices were putting a number of already cash-strapped countries at risk.

The firm’s top analysts said in a webinar that the conflict, which has involved US and Israeli strikes ‌against Iran and Iranian ‌strikes against Israel, ​US ‌bases ⁠and Gulf ​states, ⁠was now moving from a low- to moderate-risk scenario.

Most Gulf countries had enough fiscal buffers, however, to weather the crisis for a while, with more lowly rated Bahrain the only clear exception.

Qatar’s banking sector could ⁠also struggle if there were significant ‌deposit outflows in ‌reaction to the conflict, although there ​was no evidence ‌of such strains at the moment, they ‌said.

“We don’t want to jump the gun and just say things are bad,” S&P’s head global sovereign analyst, Roberto Sifon-Arevalo, said.

The longer the crisis ‌was prolonged, though, “the more difficult it is going to be,” he ⁠added.

Sifon-Arevalo ⁠said Asia was the second-most exposed region, due to many of its countries being significant Gulf oil and gas importers.

India, Thailand and Indonesia have relatively lower reserves of oil, while the region also had already heavily indebted countries such as Pakistan, Bangladesh and Sri Lanka whose finances would be further hurt by rising energy prices.

“We ​are closely monitoring ​these (countries) to see how the credit stories evolve,” Sifon-Arevalo said.