Gears set in motion for KSA Crown Prince’s visit

Gears set in motion for KSA Crown Prince’s visit

A senior official at the ministry on Monday said that they had held consecutive meetings during the past few days for the objective and all relevant stakeholders had been taken on bard in this connection.

While luxury is something the heir to the oil-rich kingdom is accustomed to, Pakistan still hopes to make an impression on bin Salman with an eye on financial aid packages from Saudi Arabia.

The CIA has concluded the Saudi operation was likely directed by the powerful crown prince, but the White House has sidestepped that finding amid strenuous denials by Riyadh, a key United States ally. From his exercise equipment to furniture and personal belongings, bin Salman can reportedly expect a home away from home in Islamabad.

Prime Minister Imran Khan will receive the guest at the airport.

ISLAMABAD: Saudi Crown Prince Muhammad bin Salman (MBS), is scheduled to land in Islamabad on Sunday for an overnight stay, would be staying in the Prime Minister's House while other members of his huge entourage would be lodged in local hotels and the Punjab House.

The Express Tribune reported that Prime Minister's Adviser on Commerce and Investment Razak Dawood said it was likely that an agreement for Dollars 3 billion oil facility on deferred payments will also be signed during the visit.

During visit of the Saudi Crown Prince, both sides are ready to sign four memorandums of understanding (MoUs) worth $15 billion.

Most of the Saudi Arabian investment will be made in the fields of oil, alternate energy resources and mining, according to officials of the Board of Investment.

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Pakistan is seeing this investment as a big opportunity to revive its ailing economy.

Last year, Saudi Arabia offered Pakistan a $6bn package that included deferring oil imports payments.

"The crown prince, we know, did not order this".

The act required the president to report back by February 8 to the Senate Foreign Relations Committee on whether the crown prince was responsible.

It may be mentioned that a 235-member delegation of the Islamic Military Counter Terrorism Coalition (IMCTC), led by Pakistan's former army chief General Raheel Sharif, is already in the country to review security arrangements for the royal visit.

A day earlier, the crown prince's security team arrived in Pakistan ahead of his scheduled visit to the country.

The BOI chairperson highlighted the significance of the visit.

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