Saudi prince pledges $20 bn investment for Pakistan amid India tensions

Crown Prince Mohammed bin Salman said Saudi Arabia has signed investment agreements worth $20 billion during his high-profile visit to Pakistan, where tensions were flaring up with nuclear-armed rival

Crown Prince Mohammed bin Salman said his country plans to invest a whopping $20 billion in Pakistan as he began a swing through Asia at a time when Saudi Arabia’s ties with the west have waned.
 

The two nations signed memorandums of understanding in the energy and agriculture sectors, including one for a $10 billion oil refinery in southwestern city of Gwadar, where China has helped build a deep water port. Saudi Arabia also signed a pact to provide Pakistan with crude oil and petroleum products on delayed payments to meets its energy needs.
 

“We are creating a great future