The Saudi crown prince's two-day visit of Pakistan will further promote mutual cooperation between the two countries, Foreign Office Spokesman Dr Muhammad Faisal said.
The unprecedented Saudi investment is being viewed by Prime Minister Imran Khan's nascent government as a major boost for cash-strapped Pakistan, which is facing an economic crisis and balance of payments pressure.
He said this was for the first time after former prime minister Zulfikar Ali Bhutto that Pakistan had attained huge success at diplomatic front.
Pakistan and Saudi Arabia are likely to sign over $10 billion investment agreements, including a multibillion dollar oil refinery in Gwadar, during his visit.
Two five-star hotels have been fully booked by the Saudi delegation while the Kingdom's elite royal guards arrived in Pakistan earlier this week to assist with security arrangements, according to a municipal official in Islamabad.
Moreover, around 80 containers from Saudi Arabia will reach Pakistan too.
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He said Pakistan was in high need of refined oil products, for which Saudi Arabia had shown willingness to meet the needs of local oil market with investment of $2 billion for two years in addition to investment in Pakistan's mining sector. The money has already been deposited to the State Bank of Pakistan.
Qureshi said when they took over the reins of the country, Pak-Saudi relations were strained.
Khan was among a few global leaders who participated in an investment conference Saudi Arabia hosted in October.
MBS, as he is popularly known, weathered widespread condemnation in October of a year ago, after being accused of having something to do with the murder of Jamal Khashoggi, a one-time ally, and later foe, often using his platform as a columnist at the Washington Post to speak critically of the current Saudi regime. Many foreign participants boycotted the conference to protest Khashoggi's killing.
When asked if the Saudi investment could be part of the China-Pakistan Economic Corridor (CPEC), he said that Pakistan and China had agreed on setting up three special economic zones, which could be joined by other countries, including Saudi Arabia and the United Arab Emirates. Sharif noted that the UAE has also almost finalized plans to establish an oil refinery in Pakistan with an anticipated production capacity of about 300,000 barrels.
The projects aim to improve the quality of life across several sectors including the fields of education, health, investment, and sports.
Optimism that a trade deal could be reached between the United States and China was boosted when U.S. The price has largely plateaued since then, in spite of the subsequent imposition of USA sanctions.
If he did veto the Yemen resolution, it's unclear whether lawmakers would have enough support to override him. House lawmakers are set to vote on a on a proposed bill to end US involvement in the proxy war in Yemen .
But the high price of the hunting permit hides Pakistan's way of preserving the rare species and promoting tourism in the country. By 2015, the population had increased to the point that the USA classified the markhor as "threatened" instead of "endangered".
The Flyers could've pulled within four points of Pittsburgh with a victory, but now stand eight points behind the Penguins . It was the sixth of the season for Bjustad and his first with the Penguins since being acquired from Florida on February 1.
The controversial ad from the campaign included a photo of Kaepernick's face, with the words "Believe in something". The owner of the store has also admitted that there may be more Kaepernick supporters out there than he thought.
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A light aircraft has crashed near Makutano Forest in Londiani, Kericho County, killing all the five passengers on board. The IATA said Kenya's air transport infrastructure quality ranks 6th out of 37 countries surveyed in Africa.
Freighter versions of the 747 will be built past 2021, meaning the venerable jumbo jet will outlive the plane sent to kill it. The A380 is a "differentiator" for Emirates and the aircraft "will remain a pillar" of its fleet until the 2030s, he added.
Levi Strauss sells in products in over 50,000 retail locations, including about 3,000 standalone stores and shops-in-shops. Other apparel makers, including American Eagle Outfitters Inc. and Abercrombie & Fitch Co., fell on the news.
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But Wisconsin (17-7, 9-4) staggered at home, going more than five minutes without a point as the Spartans put the game away. He was scoreless in the second half until a three-point play with 15.7 seconds left that sealed the victory.
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