ISLAMABAD: A high-level Saudi delegation is arriving in Pakistan today and is expected to sign important mega economic deals.
The delegation is expected to sign five important Memorandums of Understanding (MoUs) with the government.
The Saudi delegation will include petroleum ministers as well as the Saudi finance minister and the energy minister, according to an announcement by Information Minister Fawad Chaudhry.
The prospect of setting up oil refineries in Gwadar is likely to be discussed by the delegation. According to sources, the Saudi officials are expected to sign an agreement to sell petroleum products to Pakistan on deferred payments.
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, sources said