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Add few saffron strands in warm milk and keep it aside for 15 minutes.
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Mash paneer nicely and keep it ready. Remove seeds from the cardamom pods and crush it nicely.
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Grease a square plate with some ghee and keep it ready.
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Add milk powder, sweetened condensed milk, gulkand, paneer, saffron with milk in a heavy bottom pan and mix it well.
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Heat the pan and cook on medium flame. Keep stirring till the mixture becomes thick.
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Remove from the stove, add cardamom powder and mix it well. Spread the mixture on the greased plate.
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Sprinkle some crushed pistachios on top and when it cools down, cut into equal squares.