Shaukat Tareen Performs Naya Nazimabad Hospital Groundbreaking

KARACHI: Mr Shaukat Fayyaz Tareen, Advisor to the Prime Minister, recently performed the Groundbreaking of Naya Nazimabad Hospital

Naya Nazimabad Hospital, a tertiary, not-for-profit, self-sustainable institution, will be developed in two phases. The first phase will consist of 250 beds across four floors and will be inaugurated by April 2023.

“Availability of quality health care facilities for all is very much a part of our Government’s vision. It gives me great joy that Naya Nazimabad has taken the initiative to construct a 500-bed hospital under SBP’s Islamic Refinance Facility. The parent company of Naya Nazimabad, Javedan Corporation Limited (JCL), has received a sanction of PKR 1 billion from Habib Bank Limited (HBL) under SBP’s Islamic Refinance Facility at zero per cent (0%) mark-up for construction of Naya Nazimabad Hospital.” Mr Shaukat said about the facility.

Naya Nazimabad had initially planned to construct this hospital in 2025, but SBP’s Islamic Refinance Facility and HBL’s contribution to participate in this project initiative by passing on this facility at zero per cent (0%) enabled and encouraged Naya Nazimabad to advance construction of the hospital by four years.

“We are committed to providing a holistic living experience to all our residents with world-class amenities. Naya Nazimabad Hospital will maintain the same excellence providing quality healthcare facilities to its residents and its neighbouring community.”, said Mr Arif Habib, the chairman of Javedan Corporation Limited.

The Groundbreaking ceremony was attended by top businessmen, bankers, and industry leaders of Karachi.

Naya Nazimabad is an integrated housing scheme that focuses on healthy community living. It is the largest master-planned, gated residential development in Karachi and will house more than 50,000 families at its completion. It provides all necessary amenities for today’s living, within walking distance for its residents.

Naya Nazimabad is a self-contained city conceptualized and developed to provide a peaceful community atmosphere and a healthy lifestyle.