KSrelief distributes food baskets in Pakistan’s flood-affected Bahawalnagar district

In an undated photo, Pakistani flood affectees can be seen taking King Salman Humanitarian Aid and Relief Centre (KSrelief) food packets and relief items. (SPA)
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Updated 17 September 2023
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KSrelief distributes food baskets in Pakistan’s flood-affected Bahawalnagar district

  • Floods in August displaced thousands of families in Pakistan’s Punjab province, including Bahawalnagar
  • Food baskets benefited 6,300 people as part of KSrelief’s project to support food security in Pakistan

ISLAMABAD: The King Salman Humanitarian Aid and Relief Center (KSrelief) on Sunday distributed 85 tons of food baskets to the most vulnerable groups in Pakistan’s flood-affected Bahawalnagar district, the state-run Associated Press of Pakistan (APP) said in a report. 

Flooding in Pakistan’s Sutlej river started from August 17 after India discharged floodwater in the river following heavy rains. The floods displaced thousands of people in Pakistan’s eastern Punjab province, including Bahawalnagar, during August, prompting authorities to carry out relief activities. 

KSrelief has been providing relief items to Pakistan’s flood-affected masses as part of a food security project. On Wednesday, the Saudi aid agency announced it had completed distribution of 12,000 food packages among people in Pakistan’s northwestern Chitral and Dir districts which were battered by floods in July this year. 

“The King Salman Humanitarian Aid and Relief Center (KSrelief) on Sunday distributed 85 tons and 500 kilograms of food baskets to the most vulnerable groups in the Bahawalnagar area of Punjab province affected by floods,” the APP said. “The aid benefited 6,300 individuals as part of the project’s second phase to support food security in the Republic of Pakistan for the year 2023-2024.”

It said KSrelief would distribute 32,400 food baskets from August to September 2023 during the second phase, adding that the project aims to distribute 105,000 food baskets in four phases. The project aims to benefit 735,000 individuals from the most vulnerable groups across 37 districts of Pakistan’s Sindh, Balochistan, Khyber Pakhtunkhwa, Gilgit-Baltistan and Punjab areas, the APP added. 

“This aid is part of the relief projects provided by the Kingdom of Saudi Arabia through its humanitarian arm, KSrelief, to enhance food security in Pakistan,” it added. 

KSrelief, with one of the largest humanitarian budgets for aid agencies across the world, has been undertaking humanitarian projects across 88 countries. Pakistan is the fifth largest beneficiary of the organization’s aid and humanitarian operations. According to KSrelief data, the agency has completed 185 projects in Pakistan in education, health care, water, sanitation, hygiene, emergency camps, and community support. These projects have collectively cost roughly $173 million in the last 17 years.


Pakistan grants commercial license to Kuwait-backed Shariah-compliant digital bank

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Pakistan grants commercial license to Kuwait-backed Shariah-compliant digital bank

  • Pakistan has announced that Raqqami Islamic Digital Bank aims to launch operations this month with $100 million investment
  • Prime Minister Shehbaz Sharif calls for Kuwait and Pakistan to translate cordial political relations into strong economic ties

ISLAMABAD: Prime Minister Shehbaz Sharif granted the Kuwait Investment Authority-backed Raqqami Islamic Digital Bank (RIDB) the commercial license to operate in Pakistan on Tuesday, stressing the need to convert cordial political ties between the two countries into a strong economic relationship. 

Pakistan’s finance adviser Khurram Schehzad announced last month that RIDB intends to launch operations in the South Asian country from February with a $100 million investment. 

The RIDB describes itself as Pakistan’s first fully Shariah-compliant digital bank. The retail bank offers online financing, savings and payment services to individuals and small and medium-sized enterprises, also focusing on financial inclusion for underserved segments.

Prime Minister Sharif participated in a ceremony to grant the license to RIDB in Islamabad. The event was attended by top RIDB officials including its Chairman Abdullah Al-Mutairi and Chief Executive Officer Umair Aijaz. 

“This would go a long way in further strengthening our brotherly and our bilateral economic relations,” Sharif told participants. “You said very aptly that economic and brotherly relations go hand in hand. It cannot be that your political relations flourish but economic relations remain stagnant.”

He said the Shariah-compliant digital bank will also have features that will support and augment banking in Pakistan. 

Sharif called on both nations to join hands to promote their bilateral economic, investment and trade relations “like never before.” He vowed that Pakistan’s government was committed to enhancing bilateral trade and economic ties by working closely with the Kuwaiti government.

Pakistan’s banking sector is dominated by a handful of large lenders with strong capital buffers and profits driven largely by holdings of government securities.

Pakistan has intensified its efforts in recent years to secure foreign investment, particularly from Gulf nations, as it seeks to ensure sustained economic progress. Schehzad has said that the RIDB’s entry into Pakistan reflects strengthening investment ties between Islamabad and Kuwait, particularly in the financial and digital economy sectors.