Political instability and Pakistan’s economy

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Asma Sherazi in “Faisla Aap Ka” covered these topics:

A high-level Saudi delegation arrived in Pakistan today (Sunday) on a six-day visit, to sign five important Memorandums of Understanding (MoUs) with the government.

The main aim of the meeting with delegation is to discuss the prospect of setting up oil refineries in Gwadar and to sign an agreement to sell petroleum products to Pakistan on deferred payments.

Pakistan and Saudi delegation will sign a MoU to make investments in the Balochistan Reko Diq gold and copper mines and to privatise two Liquefied Natural Gas (LNG) power plants.

Pakistan has on Monday formally requested Saudi Arabia to provide 2 lakh barrel oil/day on deferred payments for as much as three months.

As per details garnered, the delegations of Pakistan and Saudi Arabia held first round of talks in Islamabad today.

Pakistan also offered Saudi Arabia to invest in LNG-fired power plants and industrial zones under China Pakistan Economic Corridor (CPEC).