ISLAMABAD – An economic package worth US$10 billion has been agreed betweenPakistan and Saudi Arabia.

During Prime Minister Imran Khan’s visit to Saudi Arabia, it has beendecided mutually that Saudi Arabia will build an oil city in Gawadar andthe project will be part of China-Pakistan Economic Corridor (CPEC) project.

It is pertinent here to mention that China, who is the main investor inCPEC, had planned to build oil city in Gawadar. But with the visit of PMImran Khan to Saudi Arabia, Saudi king has premised for an investment of$10Billion.

Pakistan has given the project to Saudi Arabia after taking China inconfidence over agreements with Saudi Arabia under CPEC.

Sources said that agreements worth billions of dollars will also be signedwith United Arab Emirates (UAE) government.

Earlier, in his first interview with a Saudi newspaper after assumingoffice, Prime Minister Imran Khan had said that Pakistan will always standby Saudi Arabia whenever it faces difficult time.

“Pakistanis want to assure people of Saudi Arabia that we will stand withSaudi Arabia, because Saudi Arabia has stood with us in bad times. We willalways stand by Saudi Arabia whenever it faces difficult time,” Imran said.

Answering a question Imran said Pakistan would like to ensure peace in theMiddle East because it is very distressing for Muslims to see conflictamong Muslim nations.

We would like our role as reconciliator to bring Muslim world together.This would be our main effort, Imran said and added that in Yemen too, ifwe are required, we will play positive role there also to end the conflict.

Khan said that Saudi Arabia is one country for which the people of Pakistanhave special love. Every Muslim has a special bond with Saudi Arabiabecause of Makkah and Madinah.