{"id":395626,"date":"2024-03-23T03:42:58","date_gmt":"2024-03-22T22:42:58","guid":{"rendered":"https:\/\/leadpakistan.com.pk\/news\/?p=395626"},"modified":"2024-03-23T03:42:58","modified_gmt":"2024-03-22T22:42:58","slug":"saudi-fund-for-development-strengthens-ties-with-pakistan-through-hydropower-projects","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/saudi-fund-for-development-strengthens-ties-with-pakistan-through-hydropower-projects\/","title":{"rendered":"Saudi Fund for development strengthens ties with Pakistan through hydropower projects"},"content":{"rendered":"<p> Islamabad<br \/>\nA delegation from the Saudi Fund for Development (SFD), led by Mr. Sultan Bin Abdul Rehman Al Marshad, Chief Executive Officer (CEO), SFD, during its visit to Pakistan (22-24 March, 2024), called on Mr. Ahad Khan Cheema, Minister for Economic Affairs on 22nd March 2024.<br \/>\nMinister for Economic Affairs welcomed the delegation and appreciated the efforts of SFD for financing in the fields of Health, Energy, Infrastructure and Education as well as the recent floods. The CEO, SFD, thanked the Minister and Government of Pakistan for the warm welcome and hospitality as well as the conferment of award.<br \/>\nAhad Cheema, Minister for Economic Affairs also witnessed signing of the loan agreements for Shounter Hydropower Project (48 MW) \u2013 US$ 66.00 million and Jagran IV Hydropower Project (22 MW) \u2013 US$ 41.00 million.<br \/>\nDr. Kazim Niaz, Secretary, Economic Affairs Division, and Mr. Sultan Bin Abdul Rehman Al Marshad, Chief Executive Officer (CEO), SFD signed the financing agreements. These endeavours aim at harnessing the indigenously available hydropower potential and generating 70 MW hydropower, which will be transmitted to the national grid. Moreover, it will help in eradicating the menace of deforestation by providing electricity as an alternative to the energy needs of the local communities, who hitherto are entirely dependent on forest wood.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad A delegation from the Saudi Fund for Development (SFD), led by Mr. Sultan Bin Abdul Rehman Al Marshad, Chief Executive Officer (CEO), SFD, during its visit to Pakistan (22-24 March, 2024), called on Mr. Ahad Khan Cheema, Minister for Economic Affairs on 22nd March 2024. Minister for Economic Affairs welcomed the delegation and appreciated [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":{"0":"post-395626","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-top-news"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Saudi Fund for development strengthens ties with Pakistan through hydropower projects<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leadpakistan.com.pk\/news\/saudi-fund-for-development-strengthens-ties-with-pakistan-through-hydropower-projects\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Saudi Fund for development strengthens ties with Pakistan through hydropower projects\" \/>\n<meta property=\"og:description\" content=\"Islamabad A delegation from the Saudi Fund for Development (SFD), led by Mr. Sultan Bin Abdul Rehman Al Marshad, Chief Executive Officer (CEO), SFD, during its visit to Pakistan (22-24 March, 2024), called on Mr. Ahad Khan Cheema, Minister for Economic Affairs on 22nd March 2024. Minister for Economic Affairs welcomed the delegation and appreciated [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/leadpakistan.com.pk\/news\/saudi-fund-for-development-strengthens-ties-with-pakistan-through-hydropower-projects\/\" \/>\n<meta property=\"og:site_name\" content=\"Daily Lead Pakistan\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/DailyLeadPak\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-03-22T22:42:58+00:00\" \/>\n<meta name=\"author\" content=\"Web Desk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@DailyLeadPak\" \/>\n<meta name=\"twitter:site\" content=\"@DailyLeadPak\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Web Desk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script 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