Pakistan is seeking oil from Saudi Arabia on the deferred payment system of 90 days.
Pakistan seeks oil from Saudi Arabia on 90 days deferred payment to effectively deal with looming balance of payment crisis. The Saudi delegation is in Pakistan to made negotiations on bilateral trading, investment, and other related issues.
Saudi energy minister, finance minister, and petroleum minister are included in the delegation. However, the Saudi delegation is visiting Pakistan as a follow-up of PM Imran Khan visit to Saudi Arabia.
Federal Cabinet Meeting in Quetta
The KSA appointment is relied upon to venture out to Quetta. The federal cabinet meeting is probably going to be met in Quetta on Tuesday or Wednesday. The delegation will likewise visit Gwadar.
The delegation is relied upon to sign five vital Memorandums of Understandings (MoUs) with the administration amid its weeklong visit, which additionally incorporate a MoU to make interests in the Balochistan Reko Diq gold and copper mines.
Gwadar Oil Refineries
The delegation will hold arrangement for setting up oil refineries in Gwadar and is probably going to consent to an arrangement with respect to it.
Understandings to privatize two Liquefied Natural Gas (LNG) control plants and offer of phosphate-containing manures to Pakistan are likewise anticipated that would be marked by the appointment.