The Express Tribune: Cabinet green-lights Saudi investment in Gwadar
Pakistan and Saudi Arabia expected to sign soon.
Riyadh - Egypt Today
The Express Tribune report by Danish Hussain states that the federal cabinet on Thursday gave the green signal to Saudi Arabia to set up an oil refinery in deep-water port of Gwadar, marking the first major investment by the gulf country in Pakistan under the new government.
“The cabinet has approved the draft of memorandum of understanding (MoU) Pakistan and Saudi Arabia expected to sign soon for the establishment of refinery,” Petroleum Minister Ghulam Sarwar Khan said while addressing the news conference.
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