Saudi inks $20bn in investment deals in Pakistan

Saudi Arabia’s Crown Prince Mohammed bin Salman yesterday oversaw the signing of unprecedented investment deals with Pakistan worth $20 billion just a few hours after landing in Islamabad on his maiden state visit. Pakistani Prime Minister Imran Khan along with senior civilian and military officials received the Saudi leader at the Air Force base outside the capital city.

Khan,l ater himself drove him to the palatial prime minister’s complex where the two leaders held formal talks before overseeing the signing of agreements between their two delegations. The two leaders later addressed the ceremony and their speeches were broadcast by state television. Crown Prince Salman, commonly known as MBS, noted his delegation signed “$20 billion” worth of memorandum of understandings (MoUs).