Dubai: A record-high investment package for Pakistan is being readied by the Kingdom of Saudi Arabia (KSA), a news source reported. The investment is likely to provide a welcome relief for the country, which has been caught in the grip of a balance of payment crisis.
The most significant of these investments include the construction of a USD 10 billion refinery and oil complex in Gwadar. Sources have also confirmed that Crown Prince Mohammad Bin Salman will soon visit the capital. Several investment deals with the Gulf kingdom will be signed following his arrival.
Pakistan and Saudi Arabia have been negotiating the details of the said agreements for months now.
It was previously reported by US media agencies that KSA and United Arab Emirates (UAE) have offered Prime Minister Imran Khan a total of USD 30 billion in investment and loans.
The two countries have already deposited USD 3 billion, each, in the State Bank of Pakistan to help ease up the balance crisis, and strengthen the Rupee.
