Soak saffron in rose water.
Preheat the oven to 180 °C. Make a thin syrup of sugar with two tablespoons of water and set aside.
Boil milk with cream and simmer till it reduces to half its original quantity. Cut roundels of the bread slices.
Heat ghee in a pan and shallow fry the bread roundels till lightly browned. Soak them in the sugar syrup for half a minute.
Drain and place them on a baking tray. Spread the thickened milk over them. Sprinkle almonds, pistachios and saffron and rose water.
Place the tray in the preheated oven and bake for five to seven minutes.