Saudi Arabia has signed investment deals worth $20billion with Pakistan in energy, petrochemicals and mining sectors.
This agreement is to boost Pakistan’s fragile economy and fund an $8billion oil refinery in the city of Gwadar.
The country suffering from a financial crisis with $8billion left in foreign reserves seeks international support to cut the size of the bailout package .
The country is seeking its 13th bailout since the late 1980s and Saudi Arabia has already provided a $6bn loan.
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Prince bin Salman said the deal will benefit both countries.
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