Saudi Fund for Development signs agreements to fund two hydropower projects in Azad Kashmir

This general view taken on October 14, 2020 shows houses built on the Pakistani side of Kashmir, seen from Tithwal village at the Line of Control (LOC). (AFP/File)
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Updated 01 April 2024
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Saudi Fund for Development signs agreements to fund two hydropower projects in Azad Kashmir

  • An SFD delegation on Sunday visited Azad Kashmir to sign the agreements
  • The two projects will add 70 megawatts of electricity to the national grid

ISLAMABAD: The Saudi Fund for Development (SFD) has signed agreements to finance two hydropower projects in Azad Jammu and Kashmir (AJK), Pakistani state media reported on Sunday.

An SFD delegation, led by CEO Sultan bin Abdulrahman Al-Marshad, visited Azad Kashmir and signed the agreements to fund the Shounter and Jagran-4 hydropower projects.

The two projects will add 70 megawatts to the national grid in hydropower generation.

“The Shounter hydro project will generate 48 megawatts of electricity at a cost of 66 million dollars, while the Jagran-4 hydro project will be completed at a cost of 41 million dollars and will generate 22 MW of electricity,” the state-run Radio Pakistan broadcaster reported.

Pakistan’s Special Investment Facilitation Council (SIFC), which was established in June to attract foreign direct investment, played a key role in the execution of these agreements, according to the report.

The SFD, a Saudi government agency, provides development assistance and financial aid to developing countries through loans and grants. In the past, the Fund has deposited money in Pakistan’s central bank to bolster foreign exchange reserves and funded various development projects in infrastructure, education, and health care.

Pakistani and SFD officials have recently held discussions to collaborate on a number of projects in the fields of energy, health, education and infrastructure, a top Pakistan official said last week.

“We already had a framework agreement with SFD. We have discussed a pipeline of numerous projects for future cooperation, in which they have shown keen interest,” Dr. Kazim Niaz, Pakistan’s Economic Affairs Division Secretary, told Arab News.

“These projects are in the energy, health, education and infrastructure sectors.”

Niaz did not provide more details on the projects, which he said would be shared after Saudi feedback on a list of initiatives shared by Islamabad for investment and cooperation.


Pakistan, Türkiye military chiefs discuss defense cooperation amid Middle East tensions

Updated 30 January 2026
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Pakistan, Türkiye military chiefs discuss defense cooperation amid Middle East tensions

  • Field Marshal Asim Munir reaffirms Pakistan’s commitment to deepening military-to-military ties with Türkiye
  • Turkish officials said this month they were in talks to join the Pakistan-Saudi defense alliance formed last year

ISLAMABAD: Pakistan’s top military commander, Field Marshal Asim Munir, met the Chief of the Turkish General Staff, General Selcuk Bayraktaroglu, on Friday to discuss deepening defense cooperation, as regional security concerns intensify amid the ongoing tensions in the Middle East.

The meeting comes against the backdrop of widening geopolitical uncertainty following the Gaza war, which has heightened the risk of broader regional escalation involving Iran and the United States, and as Ankara explores closer defense coordination with partners beyond NATO.

Earlier this month, Turkish Foreign Minister Hakan Fidan said Türkiye was in talks to join a defense alliance established between Pakistan and Saudi Arabia last September, signaling a possible expansion of security cooperation among key regional players.

The Turkish general called on Pakistan’s chief of defense forces at the General Headquarters in Rawalpindi, according to the military’s media wing, Inter-Services Public Relations (ISPR).

“During the meeting, besides dilating upon matters of mutual interest, prevailing regional and global security landscape, and prospects for strengthening bilateral defense and military cooperation were also discussed,” the ISPR said in a statement.

It added that both sides “expressed satisfaction on current trajectory of Pakistan-Türkiye relations while underscoring the requirement of maintaining close coordination and enhancing defense collaboration.”

Munir welcomed the support of the Turkish Armed Forces and reaffirmed Pakistan’s commitment to strengthening military-to-military ties, according to the statement.

It said that Bayraktaroglu praised the professionalism of Pakistan’s armed forces and expressed Türkiye’s intent to deepen defense cooperation through training, joint exercises and capacity-building initiatives.

Pakistan and Türkiye maintain close diplomatic, economic and defense relations, with military cooperation forming a major pillar of their partnership.

Last month, a high-level delegation of Turkish aerospace and defense manufacturers visited Pakistan to explore joint ventures, co-production and technology-sharing opportunities. In August 2025, the navies of both countries conducted their first bilateral amphibious exercise to strengthen maritime coordination.

Turkish defense firms have played a key role in modernizing Pakistan’s Agosta 90B-class submarines and have supplied Islamabad with advanced military hardware, including drones.

The two countries also regularly conduct joint military drills. Their most recent exercise, Ataturk-XIII in February 2025, brought together special forces units for combat training aimed at improving their ability to operate effectively together in the field.