Saudi Crown Prince Arrives In Pakistan

Saudi Crown Prince Muhammad Bin Salman has just arrived in Pakistan on two days official visit. He was received by the Prime Minister of Pakistan Imran Khan and the Pakistan Army Chief General Qamar Javed Bajwa.

Earlier upon entering Pakistan air space, the royal aircraft was escorted by Pakistan Air Force JF-17 Thunder and F-16 aircraft, which escorted the royal guest till Islamabad military air base..

The royal guest is likely to witness signing ceremonies of a number of MOUs which bring into Pakistan a huge investment in years to come.

It may be added that Saudi Arabia is keen in investing in petro-chemical related projects in the Gwader port area, which is witnessing huge investment attractions after the inititation of CPEC between China and Pakistan.

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Russia offers to invest $2 billion in Pakistan

Inter RAO Engineering, a Russian state-run, has offered to invest $2 billion in Pakistan’s water and power sector projects, including Mohmand dam.

Inter RAO Engineering, which is already building a dam in Afghanistan on the Kabul River,  wants a deal on government to government basis between Russia and Pakistan. 

The offer comes in the backdrop of already signed  governmental agreement between Pakistan and Russia to build the north-south LNG pipeline. The two countries also signed a memorandum of understanding (MoU) for an offshore gas pipeline project. 

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Chinese President Xi agrees $46bn investment in Pakistan

China's president Xi has made a landmark two days journey to Pakistan on 20-21 April and has agreed to invest $46 billion to help overcome electricity shortage in Pakistan besides developing the Gwader port.

The focus of spending is on building a China-Pakistan Economic Corridor (CPEC) - a 3,000 km road network from Gwadar in Pakistan to China's western Xinjiang region. The projects will give China direct access to the Indian Ocean and beyond.

Besides, the huge investment will improve the network of roads, railway and pipelines between the long-time allies.

Under the CPEC plan, China's government and banks will lend to Chinese companies, so they can invest in projects as commercial ventures.

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