26 July 2024
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MIDDLE EAST – MBS signs off Saudi investments in Pakistan

GEÓ NewsTeam 5 years ago
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Saudi Arabia has pledged investment deals worth $20bn with Pakistan which is currently seeking to bolster its fragile economy. The deal includes funding for an $8bn oil refinery in the city of Gwadar. Pakistan is suffering from a massive financial crisis, with only $8bn left in foreign reserves and is eager to secure new international backers.

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