Two Saudi sources have confirmed that heir apparent to the Gulf kingdom’s throne, Crown Prince Mohammed bin Salman, will visit Islamabad shortly, without giving a date. And a number of major investment deals are expected to be signed during a visit, officials from both countries have told AFP. “The outcome of the talks so far has been very positive and this is going to be one of the biggest-ever Saudi investments in Pakistan,” a senior finance ministry official said. “Saudi investment to Pakistan comes within an economic aid package aimed at relieving the stress of external debt and a shortage of foreign currency, besides boosting the sluggish economy,” Bouenain said. Any Saudi investment in Gwadar will also have geopolitical dimensions, Dorsey said.

Source: The Express Tribune February 10, 2019 06:15 UTC