You are currently viewing S. Arabia interested in energy, petroleum sectors!
saudi pak flags

S. Arabia interested in energy, petroleum sectors!

ISLAMABAD: Federal Minister for Information and Broadcasting, Chaudhry Fawad Hussain on Monday said that Saudi Arabia was taking a keen interest in investing in the energy and petroleum sectors.
Saudi Arabia would make huge investment in both the sectors in days to come, he stated while talking to a private news channel. The investment amount coming from Saudi Arabia would be unveiled during the next two weeks, he added.  About China Pakistan Economic Corridor (CPEC), he said that it was a project comprising communication and infrastructure.  He suggested Saudi Arabia focus on the communication sector, which could be beneficial for it. The PTI government was moving in the right direction, he added.  To a question on Reko Diq, he said that the project was of immense importance to Pakistan.  The government is looking at how the country could benefit from this mega project, he added.
To another question, he said, “We have good relations with Saudi Arabia and Iran. The government would review its relations with both the countries in terms of economic prosperity for Pakistan.  The minister said that economic relations with Saudi Arabia were the focus of Pakistan.  However, the economic relations with Iran were also imperative for the region.  Pakistan, he made it clear, would not be a part of Saudi-Iran confrontation. Pakistan wanted to strengthen ties with Saudi Arabia and Iran, he added.
Commenting on CPEC, he said the minister for planning had briefed the prime minister about many development projects including CPEC. It was decided in the briefing that the PTI government would expand the CPEC projects in the region.
The information minister said that CPEC was a gigantic project for Pakistan, adding that we will ensure the transparency in all the projects.  To a question, the federal minister said that projects initiated during the previous government would be completed during the term of the newly established government.
To a query, he said, the present government wanted to cooperate with the coalition government in Balochistan.  Strengthening the federation, he said, was a part of the 100-day plan of the PTI.  The prime minister was taking a keen interest in the development of Balochistan, he said adding that the PTI chief would have meetings with Baloch leaders during his upcoming visits.


Sania Jamali

Sania Jamali, who studied Media in UAE, is associated with since its inception (2015) mostly reporting International Politics.