مضمون کا ماخذ : لوٹیریا کا اطلاق
High-level Saudi delegation in Pakistan to sign key deals
A high-level Saudi delegation on Sunday arrived in Pakistan to sign five important memorandums of understanding (MoUs) with the government. The Saudi delegation includes petroleum ministers as well as the Saudi finance minister and the energy minister, according to an announcement by Information Minister Fawad Chaudhry. During its six-day visit to Pakistan, the Saudi delegation […]
A high-level Saudi delegation on Sunday arrived in Pakistan to sign five important memorandums of understanding (MoUs) with the government.
The Saudi delegation includes petroleum ministers as well as the Saudi finance minister and the energy minister, according to an announcement by Information Minister Fawad Chaudhry.
During its six-day visit to Pakistan, the Saudi delegation will also sign a deal to make investments in the Balochistan Reko Diq gold and copper mines.
The prospect of setting up oil refineries in Gwadar is likely to be discussed by the delegation. The Saudi officials are expected to sign an agreement to sell petroleum products to Pakistan on deferred payments.
Further, agreements to privatise two liquefied natural gas (LNG) power plants and sale of phosphate-containing fertilisers to Pakistan are also expected to be signed by the delegation.
Earlier this week, Information Minister Chaudhry said pacts with the kingdom would be transparent and a huge investment would be made by the country.
Pakistan and Saudi Arabia had signed “three grant agreements” to bring major investment to Pakistan after the former invited the country to become the third partner in the China-Pakistan Economic Corridor (CPEC), said Chaudhry.
Published in Daily Times, October 1, 2018.
