PESHAWAR
\nFormal agreement signing and transfer of the title and possession was carried between SIUT (Sindh Institute of Urology and Transplantation) Trust and Pakistan Hotel Development Limited (PHDL) which owned Regent Place Hotel of Karachi at a ceremony held between the two parties.
\nAlso present at the ceremony were lawyers, and accountants representing both sides besides Professor Adib Rizvi who is the founder and Director of SIUT and a prominent surgeon in the country. Trustee of the SIUT Shabbar Zaidi who is also the financial advisor of the Institute was also present on the occasion, says a press release.
\nRegent Plaza Hotel is a landmark four-star multistoried hotel of Karachi located on a major thoroughfare of the city which is surrounded by a number of other known hospitals.
\nThe news of this deal saw the light of day when it came in the media in October last year when the hospital offered to buy the property at a cost of Rs 14.5 billion as a part of its hospital expansion program. The deal was amicably settled between the two parties.
\nSIUT which bought the land is one of the country\u2019s leading tertiary care medical institutions which has been providing wide-ranging medical services for the last five decades totally free and with a universal message that \u201cHealth is the birthright of every individual and should not be denied to anyone on the basis of cast, colour, religion or financial background.
\nThe growth and development of the SIUT is a phenomenal story of an institution reflecting dedication, zeal, and compassion for the masses particularly those who represent the marginalized segment of the society.
\nOnly last year the hospital treated 35 lakh patients suffering from renal disorder, cancer, malfunctioning of the liver, and other related ailments. The hospital has also various programs in the field of medical education and research
\nSources of SIUT said that the ever-increasing inflow of patients particularly those coming for dialysis has put great pressure on the institute and the paucity of space has forced hospital management to go for a bigger place.
\nEarlier SIUT established similar units in Sukkur, Larkana, and Nawab Shah.
\nHighlighting a redeeming aspect of hospital philosophy, a hospital source said \u201cIt is unprecedented in the country that a commercial plot has been bought in order to convert the land into an institution which is aimed towards mitigating the sufferings of the masses.
\nThe source said the location of the proposed hospital was another factor in the minds of decision-makers, as it is located in the heart of Karachi city and quite a convenient destination for incoming patients.<\/p>\n","protected":false},"excerpt":{"rendered":"
PESHAWAR Formal agreement signing and transfer of the title and possession was carried between SIUT (Sindh Institute of Urology and Transplantation) Trust and Pakistan Hotel Development Limited (PHDL) which owned Regent Place Hotel of Karachi at a ceremony held between the two parties. Also present at the ceremony were lawyers, and accountants representing both sides […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":{"0":"post-423251","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-peshawar"},"yoast_head":"\n