Government books 300 super luxury Prados for Saudi Crown prince

Sergio Conner
February 14, 2019

He was speaking at a press conference alongside Information Minister Fawad Chaudhry and Adviser to PM on Trade and Commerce Abdul Razak Dawood.

Responding to a question, if Pakistan would pay the price in return to Saudi investment such as becoming part of military coalition against Yemen, Foreign Minister Qureshi strongly dismissed the notion, saying, "I say it loud and clear that there is no condition attached with Saudi investment".

The crown prince will arrive in Pakistan on the invitation of Prime Minister Imran Khan on February 16 (Saturday).

The crown prince accompanied by a high-powered delegation including members of the Royal family, key ministers and leading businessmen, the spokesman said.

Prince Muhammad bin Salman holds important ministries in the Saudi government, including that of the Vice President of the Council of Ministers.

A Pakistani official said Prime Minister Khan has developed a "special relationship and friendship" with MBS and the two leaders have vowed to further deepen ties between the two countries.

The United Arab Emirates, a staunch Saudi ally, has recently also offered a $6 billion package to Pakistan.

The foreign minister said: "He is leaving for Germany tomorrow (Thursday) to attend Munich conference on Afghan issue".

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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 an investment of $2 billion for two years in addition to investment in Pakistan's mining sector.

He remarked that more investment is coming into Pakistan than it has in the last 10 years.

It will also send a strong message to other global investors to come to Pakistan, said Haroon Sharif, who chairs Pakistan's Board of Investment, (BoI) which promotes and facilitates investors.

The BoI Chairman Haroon Sharif said Saudi Arabia had comprehensive long-term stakes in Pakistan.

The memorandum of understanding will be regarding the joint projects in the field of Developing Renewable Energy, Refining & Petrochemical, the mineral sector, and the business sector.

Saudi Arabia's King Salman on Wednesday launched a total of 1,281 development projects in Riyadh worth $22 bln (82 bln Saudi riyals).

While the current United States president, Donald Trump, said Riyadh's explanation was "credible", many others from the worldwide community condemned the killing with Germany, Norway and Denmark all ceasing the sale of arms to Saudi Arabia.

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