Islamabad, 29 May 2024 (TDI): Pakistan’s Ambassador to Saudi Arabia Ahmad Farooq on Tuesday conferred the ‘Hilal-i-Quaid-i-Azam’ medal on Islamic Development Bank (IsDB) head Dr. Mohammed Sulaiman Al-Jasser in the Saudi city of Jeddah.
This honor is one of Pakistan’s highest civil awards, bestowed upon foreign nationals in recognition of their eminent services to Pakistan.
Pakistan awards the Hilal-i-Quaid-i-Azam medal, one of its highest civil honors, to foreign nationals for their outstanding services to the country.
Representatives from Pakistan’s missions in the Kingdom and the Organization of Islamic Cooperation (OIC) attended the award ceremony.
“The President of Pakistan has conferred this medal on Dr. Al-Jasser for his instrumental role and for IsDB Group’s leadership in supporting Pakistan’s economic and development agenda and support at important world forums,” the Pakistani consulate in Jeddah.
The Islamic Development Bank is an international financial institution dedicated to fostering socio-economic development in its 56 member countries, including Pakistan.
The IsDB is a multilateral and international financial development institution that aims to foster socio-economic development in Muslim member countries.
Pakistan is also among the 56 members of the IsDB where the IsDB has invested in various projects.
Sindh Flood Reconstruction
In March, Pakistan and the IsDB signed a financing agreement worth $200 million for the Sindh Flood Emergency Housing Reconstruction Project.
The project aims to construct 700,000 houses, benefiting an estimated 4.2 million people in rural areas of the southern province, and will support the creation of 75,000 water, sanitation, and hygiene facilities for over 1.3 million individuals.
The Bank announced a $100 million loan to support Pakistan’s polio eradication efforts in December 2023, on the sidelines of the COP28 United Nations climate summit in Dubai.
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After the devastating floods of 2022 killed 1,700 people and inflicted losses worth $30 billion on Pakistan, the IsDB pledged $4.2 billion for the South Asian country over the next three years.
