Pakistan: Saudi crown prince to visit Islamabad this week
14 February, 2019, 13:03
Salman, who is also the Gulf Kingdom's vice president of the council of ministers and defence minister, will arrive here on February 16 on his first state visit to Pakistan since his elevation to the position of the crown prince in April 2017, the foreign office said.
The Saudi Cabinet has authorized the ministers to sight the trade deal for investment with Pakistan.
Saudi Arabia is also interested to invest $6 billion in Gwadar oil refinery.
During his visit, Pakistan and Saudi Arabia will be signing a number of agreements and MoUs in diverse sectors, including investment, finance, power, renewable energy, internal security, media, culture and sports, it said.
Qureshi went on to say that the visits of Prime Minister Imran Khan to Saudi Arabia have improved relations between the two countries which declined in the tenure of previous government.
Asked if Saudi investment could be termed as part of the China Pakistan Economic Corridor project, he said though it was bilateral, however as Pakistan and China had agreed upon setting up three Special Economic Zones, it could be joined by other countries including Saudi Arabia and the United Arab Emirates.
Qureshi said that the government wanted to rid the country of begging bowl.
He said Pakistan was in high need of refined oil products, for which Saudi Arabia had shown willingness to meet the needs of local oil market with investment of $2 billion for two years in addition to investment in Pakistan's mining sector. So, the Saudi cabinet has authorized the above-discussed ministers to sign a MoU between KSA and Pakistan. "This is for the first time after former prime minister Zulfikar Ali Bhutto that Pakistan has attained huge success at the diplomatic front". "Saudi Arabia has always helped Pakistan in testing times", he said.
Initially, Saudi Arabia denied that the killing of Mr Khashoggi had even taken place.
While the current United States president, Donald Trump, said Riyadh's explanation was "credible", many others from the global community condemned the killing with Germany, Norway and Denmark all ceasing the sale of arms to Saudi Arabia.
Prime Minister s Advisor on Commerce Abdul Razak Dawood hoped that more than 22 industrialists would also be accompanying the Saudi Crown Prince during his visit.