Pakistan Saudi Arabia ink agreements worth $20 billions, highest ever in history of Pakistan
ISLAMABAD - Pakistan and Saudi Arabia have signed several agreements and Memorandums of Understanding in different sectors amounting to approximately $20 billions.
The signing ceremony was held Prime Minister House in Islamabad tonight.
The sectors include cooperation in production of electricity, establishment of refinery petrochemical plant, promotion of sports and technical assistance in standardization sector.
Crown Prince of Saudi Arabia Muhammad Bin Salman, Prime Minister of Pakistan Imran Khan, ministers of both countries and delegations also attended the ceremony.
Later, distinguished guests attended a dinner ceremony hosted by Prime Minister Imran Khan.
Addressing the ceremony, Prime Minister Imran Khan said that Pakistan and Saudi Arabia are enjoying historical relations in different fields.
He said agreements signed between the two countries including enrgy, petrochemical, sports, tourism and other sectors are very important for Pakistan.
He said that the investments being carried out by the Saudi Arabia in Pakistan are in the interest of both countries.