Saudi Prince Starts Asia Trip Pledging $20 Billion for Pakistan

The two nations signed memorandums of understanding in the energy and agriculture sectors, including one for a $10 billion oil refinery in southwestern city of Gwadar, where China has helped build a deep water port. Saudi Arabia also signed a pact to provide Pakistan with crude oil and petroleum products on delayed payments to meets its energy needs. “We are creating a great future for Saudi Arabia and Pakistan,” Prince Mohammed, the kingdom’s de facto ruler, said at a reception by Prime Minister Imran Khan on Sunday in Islamabad at the start of a two-day trip.

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