Mohammed bin Salman Al Saud, Saudi Arabia\u2019s crown prince and prime minister, is slated to visit Pakistan this month (November) during which Islamabad hopes to get a $4.2 billion bailout package from Riyadh, diplomatic sources said Monday.
\nThe Saudi leader\u2019s rare visit is tentatively scheduled for November 21.
\nPrince Salman\u2019s special security detail is likely to arrive in Islamabad by the end of this week to review the security arrangements for final approval.
\nMoreover, Saudi Arabia is also expected to make solid investments in Pakistan. Sources also said that a number of Pakistan-Saudi petroleum agreements are being finalised for signing during the visit of his excellency.
\nThe government is also counting on a likely agreement that will help round up financial support from Saudi Arabia for the establishment of a state-of-the-art refinery in Gwadar.
\nThe refinery, to be built at a cost of $10 billion, will be co-financed by the kingdom and China.
\nAccording to sources, initially, Chinese companies will run the operations of the refinery after the completion of the project.
\nThe sources, however, added that so far things looked fine but a spike in political noise could affect the crown prince\u2019s itinerary.<\/p>\n","protected":false},"excerpt":{"rendered":"
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