Connect with us

Hi, what are you looking for?

Economy

Saudi Crown Prince MBS arriving in Pakistan with big investment, aid for Pakistan

ISLAMABAD: Saudi Crown Prince Mohammed bin Salman Al Saud is scheduled to visit Pakistan in next couple of weeks. He is visiting Pakistan with a plan to announce big investment of about $10 billion and $4 billion+ assistance for Pakistan in cash and oil on deferred payment.

Crown Prince of Kingdom of Saudi Arabia is expected to visit Pakistan on November 21.

According to sources, a special Saudi team will be reaching Pakistan ahead of Crown Prince Muhammad Bin Salman’s visit to evaluate security arrangements for final approval.

Meanwhile, on the request of Pakistan government, Saudi Crown Prince is expected to announce $10 billion investment in Pakistan in oil refinery and petrochemical complex construction.

According to sources, during recent visit of PM Shehbaz Sharif to Saudi Arabia, the leaders of the two countries agreed to boost their bilateral economic cooperation in different fields.

China is also expected to co-finance Saudi oil refinery which will be operated initially by Chinese after completion.

Javed Mahmood
Written By

I am an experienced writer, analyst, and author. My exposure in English journalism spans more than 28 years. In the past, I have been working with daily The Muslim (Lahore Bureau), daily Business Recorder (Lahore/Islamabad Bureaus), Daily Times, Islamabad, daily The Nation (Lahore and Karachi). With daily The Nation, I have served as Resident Editor, Karachi. Since 2009, I have been working as a Freelance Writer/Editor for American organizations.

Articles

The Foreign Minister also welcomed the launch of joint direct flights by Pakistan Airlines and Ethiopian Airlines between the two countries.

Economy

ANQARA/ISLAMABAD: Prime Minister Shehbaz Sharif urged Turkish entrepreneurs to invest in a 10,000-megawatt solar power projectin Pakistan. PM Shehbaz promoted his slogan, “my investor...

Latest Updates

Abdelouhad, a sanitation worker with the local municipality, came to Belgium in 2005 from the Moroccan capital Rabat. On November 27, his country of...

Economy

KARACHI/ISLAMABAD: Karachi’s fishermen accidentally caught a humungous Indo-Pacific sailfish _ a rare fish which is famous as “ghora fish” among the locals. Ibrahim Hyderi’s...