Published: Fri, February 15, 2019
Global News | By Blake Casey

Government books 300 super luxury Prados for Saudi Crown prince

Government books 300 super luxury Prados for Saudi Crown prince

Qureshi said a high-powered Saudi delegation including key ministers and over 20 businessmen from leading companies would hold meetings with their counterparts in Pakistan and discuss the potential of bigger investment between the two countries.

The leadership of political and religious organizations speaking at the conference welcomed the state visit, stating that this visit will prove to be a historic milestone to strengthen Pak-Saudi Arabia relations in the longer run. "I will have a vital meeting with Afghan President Ashraf Ghani, besides meeting with the foreign ministers of Russia, Germany, Uzbekistan, and Canada during the Munich Conference".

In 2017, when the Saudi king visited Indonesia, he brought with him an entourage of 1,500 people, two Mercedes Benzes, 459 tonnes of luggage and a golden escalator.

The massive Saudi investment in Pakistan will enhance opportunities for both Saudi and Pakistani merchants to boost bilateral trade between both the Muslim brother countries.

"Through the council, the MoUs (memoranda of understanding) will be followed up on and made a reality", the foreign minister said.

Strict security arrangements have been finalized ahead of arrival of Saudi Arabia's Crown Prince Mohammed bin Salman in Islamabad.

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Last year, the crown prince found himself at the epicentre of global attention after Jamal Khashoggi, a Washington Post journalist of Saudi descent, was killed in the Saudi Consulate General in Istanbul, Turkey.

Mohammed bin Salman will likely stay at the Prime Minister House, however; two of the top hotels in Islamabad have been booked fully for members of his staff while two others have been partially booked.

They added that Muslims from all over the world gathered and united in Harmain Al Sharifain keeping aside all distinctions, this unity is required to steer out the Muslim Ummah from prevailing challenges.

Qureshi said over the next three years, Saudi Arabia would give Pakistan a total of $9.6 billion in loans and oil on deferred payments to help keep its economy afloat and avert a balance of payments crisis.

He is expected to sign a range of agreements worth up to $15 billion dollars, including for three power plants in Pakistan's Punjab province and an oil refinery and petrochemical complex to be set up in the coastal city of Gwadar in southwestern Balochistan.

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

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