{
  "id": 15411298,
  "title": "The Bank of Punjab Leads Structuring of PKR 17 Billion Islamic Project Finance Facility for Novacare Hospital Islamabad",
  "url": "https://urgent.news/2026/10/18/the-bank-of-punjab-leads-structuring-of-pkr-17-billion-islamic-15411298",
  "topic": "tech",
  "section": "Tech",
  "published": "2026-10-18T12:04:05.000Z",
  "source": {
    "name": "ProPakistani",
    "slug": "propakistani",
    "url": "https://propakistani.pk/2026/10/18/the-bank-of-punjab-leads-structuring-of-pkr-17-billion-islamic-project-finance-facility-for-novacare-hospital-islamabad/"
  },
  "original_language": "en",
  "account": "The Bank of Punjab (BOP) recently finalized a PKR 17 billion Islamic Project Finance Facility for Novacare Hospitals (Private) Limited. This significant transaction took place during a signing ceremony that gathered the project's sponsors, management, and financial institutions. The facility will fund the development of a 250-bed tertiary care hospital and a feeder clinic in Islamabad. Novacare is Pakistan's first and only hospital affiliated with Imperial College Healthcare NHS Trust.\n\nSponsors contributed PKR 11.5 billion in equity, making the total project cost approximately PKR 28.5 billion. This marks Pakistan's first greenfield hospital financed through a Syndicated Islamic Project Finance Facility, setting a precedent for long-term financing of healthcare infrastructure in the country.\n\nBOP played a crucial role in arranging and structuring the facility as Intercreditor Agent and served as Joint Mandated Lead Advisor & Arranger along with United Bank Limited and Habib Bank Limited. Pak China Investment Company Limited acted as Co-Arranger, with PAIR Investment Company Limited and Pak Libya Holding Company Limited serving as syndicate financiers.\n\nBOP's financing commitment of PKR 5.8 billion demonstrates its confidence in the project and its importance to Pakistan's healthcare sector. BOP CEO, Mr. Zafar Masud, emphasized that healthcare is a vital aspect of people's lives, and Novacare's mission centers around delivering international standards of care and empathy in Pakistan.\n\nMasud highlighted that the signing of this project represents a milestone, but the true achievement will be when the hospital opens its doors to serve patients. He expressed gratitude to the sponsors, Board, management, and all participating institutions, advisers, legal counsel, and BOP's Investment Banking and Project Finance teams for their contributions to this significant achievement.",
  "summary": "The Bank of Punjab (BOP) marked the financial close of a PKR 17 billion Syndicated Islamic Project Finance Facility for … Read More The post The Bank of Punjab Leads Structuring of PKR 17 Billion Islamic Project Finance Facility for Novacare Hospital Islamabad appeared first on ProPakistani .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Daily Times",
        "title": "The Bank of Punjab Leads Structuring of PKR 17 Billion Islamic Project Finance Facility for Novacare Hospital Islamabad",
        "url": "https://urgent.news/2026/10/18/the-bank-of-punjab-leads-structuring-of-pkr-17-billion-islamic",
        "published": "2026-10-18T12:11:16.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}