Federal cabinet approves agreements with Saudi Arabia
Prime Minister Imran Khan chaired the cabinet meeting.
ISLAMABAD (Dunya News) – The federal cabinet has approved agreements between Pakistan and Saudi Arabia.
A meeting in this regard took place at the Prime Minister’s Office in Islamabad on Thursday with Prime Minister Imran Khan in the chair.
The participants discussed appointment of director general of Anti-Narcotics Force (ANF), construction of National Skill University and recruitments in financial institutions.
Petroleum Minister Ghulam Sarwar Khan said Saudi Arabia has agreed in principle to invest in a new oil refinery in Gwadar, adding that Pakistan State Oil will partner with Saudi state oil giant Aramco on the project.
Last month, Pakistan invited Saudi Arabia to invest in projects related to China Pakistan Economic Corridor (CPEC), though the government clarified this week that China was still the only true partner.
Petroleum Minister Khan said a visiting Saudi delegation visited Gwadar on Tuesday.
“They showed an interest to immediately invest in the refinery,” Khan said.
“We sat down and held initial discussions with them and it was principally decided by both sides that it will be a government-to-government agreement.”
The offer came after new Prime Minister Imran Khan made Riyadh his first foreign visit since taking office.
With inputs from Reuters
