Saudi crown prince begins Asia tour with US $20bn Pakistan investment pledge - News Summed Up

Saudi crown prince begins Asia tour with US $20bn Pakistan investment pledge


“It’s big for phase 1, and definitely it will grow every month and every year, and it will be beneficial to both countries,” said the crown prince. “Saudi Arabia has always been a friend in need, which is why we value it so much,” said Khan, while seated next to Prince Mohammed. The tour is seen as an attempt by the crown prince to rebuild his reputation after the murder of Saudi critic and journalist Jamal Khashoggi, analysts say. Many in the West blamed Prince Mohammed for the killing, which triggered the kingdom’s biggest political crisis for a generation. The two nations’ relationship has in the past centred on oil-rich Saudi Arabia backing Pakistan’s economy during difficult periods, and in return Pakistan’s powerful army lending support to Saudi Arabia and its royal family.


Source: Dhaka Tribune February 18, 2019 06:22 UTC



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