ISLAMABAD: Information Minister Fawad Chaudhry on Thursday said that Saudi Arabia will make Rs 30 billion investment in Pakistan to uplift the oil and gas industry.
He was addressing a press conference in Islamabad after attending a federal cabinet meeting.
The information minister said that the cabinet has given approval for the agreements between Pakistan and Saudi Arabia. “Saudi Arabia is going to do huge investment in Pakistan,” said Fawad Ch.
Fawad Chaudhry said “Saudi Arabia will make an investment of Rs 30 billion in Pakistan pertaining to the discovery of oil and gas.”
To this an approval has been accorded for the construction of an oil refinery in Gwadar, he added.
Petroleum Minister Ghulam Sarwar Khan added that Saudi