Saudi prince starts Asia tour with deals to invest $20 bn in Pakistan
Published Date: 2/17/2019
Source: news.yahoo.com
Saudi Arabia and Pakistan signed a raft of investment deals Sunday worth up to $20 billion for the cash-strapped South Asian country, as Saudi crown prince Mohammed bin Salman launched his Asia tour seeking to emerge from the Khashoggi affair. Pakistan is facing a serious balance of payments crisis and hopes the deals -- seven separate agreements and Memorandums of Understanding -- will provide welcome relief to its teetering economy. The crown prince, widely known as "MBS", is staging the high-profile three-country visit five months after he came under intense pressure following the murder of journalist Jamal Khashoggi at the Saudi consulate in Istanbul.