Pakistan, Saudi Arabia to ink $1bn oil sector agreement.
ISLAMABAD -- Pakistan and Saudi Arabia are expected to ink an agreement of over $1 billion in the oil sector, through the Saudi Development Fund, a Saudi news channel said on Wednesday.
'The coming days will witness the signing of an agreement between the Kingdom and Pakistan through the Saudi Development Fund (SDF), with an increase of one billion dollars for oil derivatives,' Nawaf Al-Maliki, Saudi Arabia's ambassador to Pakistan was quoted as saying by the Saudi Al-Khabaria channel.
The Saudi Press Agency (SPA) earlier in a report mentioned that Crown Prince and Prime Minister Prince Mohammed bin Salman bin Abdulaziz Al Saud has directed to study augmenting the Kingdom's investments in Pakistan, which have previously been announced on August 25, 2022, and were slated to reach $10 billion.
The SPA...
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