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Saudi Arabia pledges $20 billion in investment deals with Pakistan to support its fragile economy. The deals include funding for an $8 billion oil refinery in Gwadar. The investment comes as part of Saudi Crown Prince Mohammed bin Salman's Asian tour. Pakistan, facing a financial crisis with limited foreign reserves, seeks international support to reduce its reliance on a bailout from the International Monetary Fund (IMF). Saudi Arabia has already provided a $6 billion loan to Pakistan.
Saturday, 16 February, 2019