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ISLAMABAD: Chief Minister of Pakistan’s most populous Punjab province, Maryam Nawaz Sharif, has laid the foundation stone for a 300-bed Saudi-German Hospital in Smart City, Lahore, which will cost $250 million, state television reported on Tuesday.
The Saudi-German Hospital Network, founded in 1988, is a leading private health care provider in the Middle East and North Africa region. It is operated by the Middle East Healthcare Company and spans Saudi Arabia, the United Arab Emirates, Egypt, Yemen, Morocco and Pakistan.
Known for advanced medical care in specialties like cardiology, neurology and oncology, the Saudi-German Hospital collaborates with top German institutions and integrates AI-driven solutions. The network continues to expand and meet growing health care demands with a reputation for cutting-edge technology and skilled professionals.
“Chief Minister Punjab Maryam Nawaz Sharif has laid the foundation stone of Saudi-German Hospital in Smart City Lahore,” Pakistan Television Corporation (PTV) reported. “The hospital will be a 300-bed medical facility and will be completed at a cost of $250 million.”
The hospital will be equipped with state-of-the-art medical equipment and provide international standard medical facilities, it said, adding that the project would be a “huge source of employment for the people.”
PTV quoted Sharif as saying that the government values the private sector’s commitment to bringing positive changes to the country’s health care system.
She called improving the health care system her “priority,” with the Saudi-German Hospital marking a key milestone in enhancing public health and establishing a welfare society, according to state media.
Earlier in February, the Saudi Fund for Development approved a $40 million grant to build the King Salman Hospital in Pakistan’s northwestern Khyber Pakhtunkhwa province.
Last August, the Saudi-German Hospital signed a partnership deal with the Capital Smart City in Islamabad.
Saudi Arabia has been a key ally of Pakistan, providing financial aid, oil subsidies and investments in sectors like energy and health care. The two nations share strong religious and cultural ties, with millions of Pakistani expatriates contributing to both economies. Their partnership is further strengthened through trade, defense cooperation and diplomatic support.

KARACHI: Federal Minister for Finance and Revenue Muhammad Aurangzeb has said Pakistan sees huge potential in the Gulf Cooperation Council (GCC) market, as the country plans to double its exports in the next three to five years, according to details of his media interviews shared on Tuesday officially.
The minister and the governor of Pakistan’s central bank, Jameel Ahmad, traveled to Saudi Arabia last Saturday to attend the two-day Alula Conference for Emerging Market Economies 2025, which brought together global financial leaders, including the managing director of the International Monetary Fund, Kristalina Georgieva.
Pakistan has already taken several steps to benefit from the Middle Eastern and Chinese markets, signing memorandums of understanding to ensure business-to-business collaborations and setting up special economic zones to attract foreign investment for greater employment and industrial development.
“Our ambition is that we are roughly about $30 billion plus in terms of exports, and we want to double in the next sort of three to five years,” Aurangzeb said in interviews with Asharq Business and Bloomberg on the sidelines of the Alula Conference in Saudi Arabia.
According to the Pakistan Bureau of Statistics, the country sold $30.7 billion worth of goods in the international market by the end of the last fiscal year in June 2024, showing an 11 percent growth over the $27.7 billion in exports made in 2023.
In the first seven months of the current fiscal year until January, Pakistan’s exports rose 10 percent to $19.6 billion compared with $17.8 billion in the corresponding period a year ago.
The finance minister said his country had progressed in terms of macroeconomic stability in the past 12 to 14 months, pointing out that it was now trying to turn trade and investment into the engines of its economic growth.
“Going forward, I see GCC [Gulf Cooperation Council], where we are sitting right now, we see huge export potential in these markets,” he continued.
The GCC is a regional organization comprising Saudi Arabia, the United Arab Emirates, Bahrain, Qatar, Kuwait and Oman.
Pakistan’s fragile economy has shown signs of stability in the past year, with inflation easing to 2.41 percent in January, creating room for the central bank to reduce borrowing rates by a cumulative 1,000 basis points since June to 12 percent to spur growth.
The State Bank of Pakistan expects 2.5 to 3.5 percent growth in the current fiscal year ending in June.
“We want to now consolidate and use this and the fiscal space which is available to prioritize expenditures that can then help our trajectory as we move forward,” said the minister.