A high-level Saudi and Pakistani delegation on Monday held meeting in Islamabad to discuss the ‘investment plans and trade opportunities’.
During the first round of talks, Saudi delegation met with Advisor to Prime Minister on commerce, textiles, industries and investment, Abdul Razak Dawood and discussed their countries plan to grant economic aid of $ 1.5 billion to Pakistan.
The vision of setting up oil refineries in Gwadar was also discussed in the meeting.
Pakistani official also requested Saudi Arabia to provide 2 lakh barrel oil/day on deferred payments for as much as three months.
The Saudi delegation will visit the Gwadar port and Reko Diq project. Pakistan and Saudi delegation will also sign a MoU to invest in the Balochistan Reko Diq gold and copper mines and to privatise two Liquefied Natural Gas (LNG) power plants.
Earlier, During the first visit of Prime Minister Imran Khan to Saudi Arabia, the oil-rich kingdom showed its intent to become the third partner in the China Pakistan Economic Corridor (CPEC).
