Pakistan eyes investment pacts with Saudi Arabia, UAE

Pakistan expects to sign investment agreements with Saudi Arabia and the United Arab Emirates in the coming weeks, the prime minister’s office said, as Islamabad builds on its ties with states that have recently lent it billions of dollars.

A memorandum of understanding was expected with Saudi Arabia this month, with an investment framework accord set to be signed with the UAE in February, Prime Minister Imran Khan’s office said in a statement following a meeting on Wednesday.

The MoUs follow a similar agreement signed last month with China, it said. Read More

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