The present invention discloses an alcohol and acid free pharmaceutical composition for parental administration comprising; (i) levosimendan or a pharmaceutically acceptable salt thereof as an active ingredient; (ii) 10% solution of Kollidone PF- 12 in aqueous solution as a solubilizing agent; and (iii) pharmaceutically acceptable alkalinizing or buffering agent; wherein said composition is stable at a pH in the range of 6-8.
