Arshad Nadeem to receive over Rs160 million in rewards for historic Olympic win

Pakistan's star javelin thrower Arshad Nadeem is set to receive a whopping over Rs160 million in rewards for his historic gold medal win at the Paris Olympics 2024.

Punjab Chief Minister Maryam Nawaz announced a reward of Rs10 crore (100 million), while the Sindh government will give Rs5 crore (50 million) to the 27-year-old athlete.

The Governors of Sindh and Punjab, Kamran Tessori and Sardar Saleem Haider Khan, have also announced a reward of Rs2 million each.

In addition to the monetary rewards, the mayor of Karachi Murtaza Wahab has announced plans to open a sports academy in Arshad Nadeem's name.

Sukkur Mayor Barrister Arsalan Islam Shaikh, who is also the spokesperson for the Sindh government, has announced a gold crown for the national hero.

Renowned singer Ali Zafar has also pledged a reward of Rs1 million for Arshad Nadeem, while former player of the Pakistan hockey team, Jafar Hussain, will give Rs500,000.

The International Association of Athletics Federations (IAAF) has also announced a reward of $50,000 (PKR10.39 million) for the gold medal winners at the 2024 Paris Olympics.

Karachi Press Club said that it will give honorary membership to Arshad Nadeem for his achievement.

On August 9, Arshad made history by securing Pakistan's first-ever individual gold medal at the Olympics, shattering the Games record with a spectacular 92.97-metre throw.

He secured the medal for the country after a hiatus of 40 years. Earlier in 1984, Pakistan had won gold medals in hockey at the Los Angeles Olympic Games.

Pakistan also clinched an Olympic medal after a gap of 32 years. The last time Pakistan won a medal was in 1992 after beating the Netherlands in the hockey event (4-3) at the Barcelona Olympics.

The athlete's win has been hailed as a gift to the nation, with many calling him the "Iron Man" and "Steel Shoulder Man".