Skip to main content

High-profile Saudi officials to reach Pakistan today

Saudi Arabia

ISLAMABAD: A Saudi delegation comprising key ministers of Kingdom are due to arrive in Pakistan today (Sunday).

As announced by Federal Information Minister Fawad Chaudhry, the delegation will consist of the Saudi investment head, minister for petroleum and minister for energy.

The visit has been in line with the previous announcement by the  government pertaining to Islamabad’s invitation to Riyadh for making investments in China-Pakistan Economic Corridor (CPEC) as well as other infrastructure projects countrywide.

The delegation is expected to sign five important Memorandums of Understanding (MoUs) with the government and prospect of setting up oil refineries in Gwadar will come under discussion as well, as per the sources.

During its six-day visit to Pakistan, the Saudi delegation will also sign an MoU to make investments in the Balochistan Reko Diq gold and copper mines, the sources further informed that agreements to privatise two Liquefied Natural Gas (LNG) power plants and sale of phosphate-containing fertilisers to Pakistan are also expected to be signed by the delegation.

Few day earlier, during a press conference, Minister Fawad Chuadhry said, “The kingdom has expressed interest in investing with us for CPEC projects as well as infrastructure development and to that end is bringing major investments here.”

Pakistan and Saudi Arabia have lately signed three Memorandum of Understandings (MoUs) for grant projects in Azad Jammu and Kashmir and Khyber Pakhtunkhwa for the health and education sectors.

Secretary Economic Affairs Division Syed Ghazanfar Abbas Jilani and the chief executive officer Saudi Fund for Development (SFD) signed the MoUs on behalf of their respective governments.

 

The post High-profile Saudi officials to reach Pakistan today appeared first on ARYNEWS.



from ARYNEWS https://ift.tt/2QohBAv
Labels:

Comments

Post a Comment

Popular posts from this blog

Sialkot police bust gang of robbers, seize over Rs20m looted cash

SIALKOT: Police on Tuesday claimed to have busted an infamous gang of robbers and seized Rs20.3 million looted cash from their possession, ARY News reported. A spokesperson for the police confirmed the arrests saying the eight-member gang had looted a pharmaceutical company’s truck full of medicine. He said the looted cash to the tune of Rs20.3 million was also recovered from their possession. The police said the recovered cash and truck have been handed over to their owner. Read More: Youngster battles for life as Punjab police ‘mistakenly’ opens fire on him Earlier, on June 20, Karachi police had apprehended six robbers allegedly involved in a bank robbery of Rs10.5 million last month. The robbers had produced Rs9 million from the bank robbery in front of the police after being taken under arrest. The police also recovered the weapons used by the criminals in the bank robbery. The gang was stated to have a previous record of robbing various places in the city, the police said. ...
Post a Comment
Read more

Peshawar security forces kill four suspected terrorists

The Peshawar Counter-Terrorism Department personnel gunned down four suspected terrorists after raiding their hideout on the Kohat Road Monday. According to the security forces, the suspects were plotting an attack. A cache of weapons and ammunition has been seized too. On Monday evening, a special CTD team raided the hideout after surrounding it and exchanged fire with them. No CTD personnel was injured in the operation. from SAMAA https://ift.tt/2V8MRbn
Post a Comment
Read more

Headlines 9am: Karachi to face power outages, coronavirus cases rise

Here are the headlines from SAMAA TV’s 9am bulletin. Pakistan has begun reporting fewer coronavirus infections in the last couple of days. In the last 24 hours, 3,964 cases were reported with 105 deaths. Around 73,000 recoveries have been confirmed so far. Three people were killed in a collision between a motorcycle and ambulance on the Mehran highway. A child was injured as well. Robbers looted a house in Karachi’s Azizabad in broad daylight and in the presence of a policeman. The cop chased the thieves but they were able to escape. SAMAA TV has acquired a CCTV footage of the robbery. A terrorism bid has been foiled in Peshawar. During a raid, security forces eliminated four terrorists. A cache of weapons and ammunition has been recovered. Saudi Arabia has announced it would hold a “very limited” Hajj this year owing to the coronavirus pandemic, with pilgrims already in the kingdom allowed to take part. The Kingdom has informed Pakistan about it as well. Pakistan’s Religious A...
Post a Comment
Read more