Bilateral and trade relations between Pakistan and Saudi Arabia are growing faster day by day as Saudi Crown Prince Muhammad bin Salman will arrive in Pakistan on February 16 to participate in an international investment conference, and likely to address the parliament during his visit.
Sources said that it is expected that Pakistan will sign a number of investment deals, including construction of a multi-billion-dollar oil refinery in the port city of Gwadar during the upcoming visit.
In October, Prime Minister Imran Khan visited Riyadh where the prime minister tried to woo potential investors and secure funds for overcoming balance of payment crisis. Pakistan has also received last Installment of $1 billion loan package from Saudi Arabia “as balance of payment support” on January 25, spokesperson State Bank of Pakistan (SBP) reported. State Bank reserves have reached to $8.62 billion after receiving last installment of the financial package while foreign exchange reserves reached to $15.25 billion.
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21 August, 2019