Pakistan and Saudi Arabia to sign over $10bn in investment deals

Updated: Feb 13, 2019, 08:56 IST | Agencies

So far, no date has been given for the visit of the Crown Prince but he is expected to arrive on a two-day trip before the end of this week

Pakistan and Saudi Arabia to sign over $10bn in investment deals
Imran Khan and Mohammed bin Salman. Pic/AFP

Pakistan and Saudi Arabia are likely to sign over USD 10 billion investment agreements, including a multibillion dollar oil refinery in Gwadar, during the upcoming visit of Crown Prince Mohammed bin Salman.

So far, no date has been given for the visit of the Crown Prince but he is expected to arrive on a two-day trip before the end of this week. Dawn reported that three major memorandum of understanding (MoUs) amounting to over USD 10 billion will be inked during the Saudi Prince's visit.

"Three mega government-to-government MoUs will be signed and their total volume will be in double digit billion dollars," Board of Investment (BoI) Chairman Haroon Sharif told the daily. He said the three MOUs will be signed in the fields of oil refining, LNG and mineral development. Besides the MoUs, other business agreements are also likely to be signed.

Catch up on all the latest Crime, National, International and Hatke news here. Also download the new mid-day Android and iOS apps to get latest updates

This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever

DISCLAIMER: mid-day and its affiliates shall have no liability for any views, thoughts and comments expressed on this article.

Mumbai: Cop smashes liquor bottles in a bar open till 3 am

This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK