ISLAMABAD – High level Saudi delegation has reached Pakistan. During itssix-day visit to Pakistan, the Saudi delegation will sign a MoU to makeinvestments in the Balochistan Reko Diq gold and copper mines.
The prospect of setting up oil refineries in Gwadar is likely to bediscussed by the delegation. The Saudi officials are expected to sign anagreement to sell petroleum products to Pakistan on deferred payments.
Further, agreements to privatise two Liquefied Natural Gas (LNG) powerplants and sale of phosphate-containing fertilisers to Pakistan are alsoexpected to be signed by the delegation.
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Earlier this week, Information Minister Fawad Chaudhry said pacts with theKSA will be transparent and a huge investment will be made by the country.
