Discussions are ongoing for Saudi Arabia’s investment of 21 billion dollars in Pakistan
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Saudi Arabia is in talks for an investment of 21 billion dollars in Pakistan.
This has been said in a statement issued by the CEO of Saudi Arabia Holding Company, Muhammad Al-Qahtani.
He says that Pakistan and Saudi Arabia have accelerated the implementation of the investment plan of 5 billion dollars.
Muhammad Al-Qahtani has said that there has been significant progress in the visit of Pakistan Prime Minister Shehbaz Sharif to Saudi Arabia and the meeting with Crown Prince Muhammad bin Salman.
He said that Pakistan and Saudi Arabia have agreed to speed up the implementation of the investment plan of 5 billion dollars.
CEO Saudi Arabia Holding Company said that Saudi Arabia will increase deposits in the Central Bank of Pakistan from 3 billion dollars to 5 billion dollars.
He said that Saudi Arabia will invest in oil refinery and copper mines, these actions of Saudi Arabia are part of the comprehensive agreement reached earlier.
Muhammad Al Qahtani says that Saudi Arabia is negotiating for an investment of 21 billion dollars in Pakistan, under the project, Saudi Arabia will invest 7 billion dollars on copper mine.
He said that Saudi Arabia will invest 14 billion dollars on oil refinery, this investment of Saudi Arabia is a positive step to increase economic relations with Pakistan.
Muhammad Al-Qahtani also says that the investment of Saudi Arabia will create new job opportunities in Pakistan.
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