Advisor to the Prime Minister, Mr. Shaukat Fayyaz Tareen, performed the Groundbreaking of Naya Nazimabad Hospital.
Naya Nazimabad Hospital, a tertiary, not-for-profit but self-sustainable institution, will be developed in two phases. The first phase will consist of 250 beds across 4 floors and is targeted to be inaugurated by April 2023.
Speaking at the occasion, Advisor to the Prime Minister, Mr. Shaukat Fayyaz Tareen, said, “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 for the construction of 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 percent (0%) mark-up for construction of Naya Nazimabad Hospital.”
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 percent (0%) enabled and encouraged Naya Nazimabad to advance construction of the Hospital by 4 years.
“We are committed to providing a holistic living experience to all our residents with world-class amenities”, said Chairman, Javedan Corporation Limited, Mr. Arif Habib. “Naya Nazimabad Hospital will maintain the same excellence providing quality healthcare facilities to its residents and its neighbouring community.”
The Ground breaking ceremony was attended by top businessman, bankers, and industry leaders of Karachi.
Naya Nazimabad is an integrated housing scheme which 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 has the provision for all necessary amenities for today’s living, within walking distance for its residents. Naya Nazimabad is a self-contained city, conceptualized and developed with the vision of providing a peaceful community atmosphere and a healthy lifestyle.