[vc_row][vc_column][vc_column_text dp_text_size=”size-4″]The Saudi Fund for Development (SFD) has announced a $240 million contribution to Pakistan’s multipurpose Mohmand Dam project.
The agreement was signed by SFD CEO Sultan Abdulrahman Al-Marshad and Federal Secretary Ministry of Economic Affairs Dr Kazim Niaz, while Saudi Ambassador to Pakistan Nawaf bin Said Al-Malki was also present.
Also Read: Saudi Arabia commits financial assistance to Pakistan to secure IMF deal: minister
According to the press release, the dam would significantly improve the country’s energy security, increase sustainable water supply for agriculture and human consumption, and improve flood resilience.[/vc_column_text][/vc_column][/vc_row]
