Saudi crown prince to visit Pakistan in February

Saudi crown prince warns of escalation with Iran, says he prefers political solution

ISLAMABAD: Crown Prince of Saudi Arabia Mohammad Bin Salman Al Saud will visit Pakistan in third week of February, with huge investment proposals.
Local media quoting sources reported that the crown prince during his stay in Pakistan, will also address the Pakistani nation, while one of the biggest investment packages in the history of Pakistan will also be announced.
“Agreements of a heavy investment worth 14 billion dollars on behalf of the Saudi Arabian government will be inked in visit Crown Prince Mohammad Bin Salman”, local media reported while quoting sources.
A petrochemical complex would be built from Saudi Arabia’s investment in Gwadar and a memorandum of understanding will be signed in this regard, the reports added.
The kingdom has transferred $3 billion as promised, during visit of Prime Minister Imran Khan, to face balance of payment issue.
Later in a video message, Prime Minister Imran Khan had congratulated the nation and thanked Saudi Arabia for what he termed an “amazing package” to steer the country out of balance of payment crisis.
Provision of raw oil will also be discussed with the Saudi Arabian dignitary during his stay in the country.
Last month in a statement, Federal Information Minister Fawad Chaudhry said the Saudi crown prince will come with a huge foreign investment proposal.
However, the information minister stressed that Pakistan will remain ‘neutral’ over Yemen issue.


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