Saudi delegation arrives in Pakistan to sign 5 MoUs with government

ISLAMABAD: On Sunday, a high-level Saudi delegation arrived in Pakistan to sign five important Memorandums of Understanding (MoUs) with the government.

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According to an announcement by the Information Minister Fawad Chaudhry, the Saudi delegation includes petroleum ministers as well as the Saudi finance minister and the energy minister.

The Saudi delegation will also sign an MoU to make investments in the Balochistan Reko Diq gold and copper mines, during its six-day visit to Pakistan,.

The prospect of setting up oil refineries in Gwadar is likely to be discussed by the delegation. The Saudi officials are expected to sign an agreement to sell petroleum products to Pakistan on deferred payments.

Further, agreements to privatise two Liquefied Natural Gas (LNG) power plants and sale of phosphate-containing fertilisers to Pakistan are also expected to be signed by the delegation.

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